At the time of writing, Lumen Technologies Inc [LUMN] stock is trading at $1.46, up 6.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LUMN shares have gain 3.55% over the last week, with a monthly amount drifted -19.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lumen Technologies Inc [NYSE: LUMN] stock has seen the most recent analyst activity on June 06, 2023, when Raymond James upgraded its rating to a Mkt Perform. Previously, Citigroup downgraded its rating to Sell on February 08, 2023, and dropped its price target to $3.50. Wells Fargo downgraded its rating to a Equal Weight but stick to its price target of $8 on October 05, 2022. Citigroup upgraded its rating to Neutral for this stock on November 04, 2021, but kept the price target unchanged to $13. In a note dated May 20, 2021, Oppenheimer downgraded an Perform rating on this stock.
For the past year, the stock price of Lumen Technologies Inc fluctuated between $0.78 and $2.70. Currently, Wall Street analysts expect the stock to reach $7.38 within the next 12 months. Lumen Technologies Inc [NYSE: LUMN] shares were valued at $1.46 at the most recent close of the market. An investor can expect a potential return of 405.48% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
According to Lumen Technologies Inc [NYSE:LUMN], the company’s sales were 14.56B for trailing twelve months, which represents an -7.45% plunge. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.53%, Pretax Profit Margin comes in at -0.7%, and Net Profit Margin reading is -0.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -2.59 and Total Capital is -0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 48.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3933 points at the first support level, and at 1.3267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5033, and for the 2nd resistance point, it is at 1.5467.
Ratios To Look Out For
It is important to note that Lumen Technologies Inc [NYSE:LUMN] has a current ratio of 1.29. Also, the Quick Ratio is 1.23, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 3.53.
Transactions by insiders
Recent insider trading involved SIEGEL LAURIE, Director, that happened on Mar 01 ’24 when 30000.0 shares were purchased. Director, GLENN T MICHAEL completed a deal on Feb 26 ’24 to buy 50000.0 shares. Meanwhile, Director Fowler James bought 33500.0 shares on Feb 13 ’24.
