At the time of writing, Lumen Technologies Inc [LUMN] stock is trading at $1.77, up 7.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LUMN shares have gain 28.26% over the last week, with a monthly amount glided 77.00%, and 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 July 01, 2024, when Goldman initiated its Sell rating and assigned the stock a price target of $1. Previously, Raymond James upgraded its rating to Mkt Perform on June 06, 2023. On February 08, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $3.50 on the stock. Wells Fargo downgraded its rating to a Equal Weight but $8 remained the price target by the analyst firm on October 05, 2022. In a note dated November 04, 2021, Citigroup upgraded an Neutral rating on this stock but restated the target price of $13.
For the past year, the stock price of Lumen Technologies Inc fluctuated between $0.78 and $2.08. Currently, Wall Street analysts expect the stock to reach $6.63 within the next 12 months. Lumen Technologies Inc [NYSE: LUMN] shares were valued at $1.77 at the most recent close of the market. An investor can expect a potential return of 274.58% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
According to Lumen Technologies Inc [NYSE:LUMN], the company’s sales were 14.11B for trailing twelve months, which represents an -11.99% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of37.62.
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 1.7100 points at the first support level, and at 1.6500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8000, and for the 2nd resistance point, it is at 1.8300.
Ratios To Look Out For
It is important to note that Lumen Technologies Inc [NYSE:LUMN] has a current ratio of 0.98. As well, the Quick Ratio is 0.93, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 3.57.
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.
