A share price of Lumen Technologies Inc [LUMN] is currently trading at $1.29, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.
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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.
Lumen Technologies Inc experienced fluctuations in its stock price throughout the past year between $0.78 and $2.36. 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 $1.29 at the most recent close of the market. An investor can expect a potential return of 472.09% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
Trailing Twelve Months sales for Lumen Technologies Inc [NYSE:LUMN] were 14.11B which represents -11.99% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.57%, Pretax Profit Margin comes in at -0.77%, and Net Profit Margin reading is -0.76%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -7.93 and Total Capital is -0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 37.62.
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 1.2700 points at the first support level, and at 1.2500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3100, and for the 2nd resistance point, it is at 1.3300.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lumen Technologies Inc [NYSE:LUMN] is 0.98. Further, the Quick Ratio stands at 0.93, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 2.60.
Transactions by insiders
Recent insider trading involved Johnson Kathleen E, President & CEO, that happened on May 02 ’24 when 0.75 million shares were purchased. Director, SIEGEL LAURIE completed a deal on Mar 01 ’24 to buy 30000.0 shares. Meanwhile, Director GLENN T MICHAEL bought 50000.0 shares on Feb 26 ’24.
