Lumen Technologies Inc [LUMN] stock prices are down -4.17% to $1.38 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LUMN shares have gain 2.99% over the last week, with a monthly amount drifted -15.85%, 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.
The stock price of Lumen Technologies Inc [LUMN] has been fluctuating between $0.78 and $2.70 over the past year. 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 $1.38 at the most recent close of the market. An investor can expect a potential return of 434.78% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
The Lumen Technologies Inc [NYSE:LUMN] reported sales of 14.56B for trailing twelve months, representing a drop of -7.45%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of48.2.
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 1.3600 points at the first support level, and at 1.3400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4100, and for the 2nd resistance point, it is at 1.4400.
Ratios To Look Out For
It’s worth pointing out that Lumen Technologies Inc [NYSE:LUMN]’s Current Ratio is 1.29. In addition, the Quick Ratio stands at 1.23 and 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 3.34.
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.
