Lumen Technologies Inc [LUMN] stock prices are down -1.77% to $6.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LUMN shares have gain 6.25% over the last week, with a monthly amount glided 245.76%, 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 August 16, 2024, when Wells Fargo downgraded its rating to a Underweight and also boosted its price target to $4 from $1.75. Previously, JP Morgan upgraded its rating to Neutral on August 07, 2024. On August 07, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $4 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $3.15 on August 06, 2024. Goldman initiated its recommendation with a Sell and recommended $1 as its price target on July 01, 2024. Raymond James upgraded its rating to Mkt Perform for this stock on June 06, 2023. In a note dated February 08, 2023, Citigroup downgraded an Sell rating on this stock and revised its target price from $6.25 to $3.50.
The stock price of Lumen Technologies Inc [LUMN] has been fluctuating between $0.78 and $7.83 over the past year. Currently, Wall Street analysts expect the stock to reach $5.63 within the next 12 months. Lumen Technologies Inc [NYSE: LUMN] shares were valued at $6.12 at the most recent close of the market. An investor can expect a potential drop of -8.01% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
The Lumen Technologies Inc [NYSE:LUMN] reported sales of 13.72B for trailing twelve months, representing a drop of -10.73%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -2.29 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 40.52.
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 5.91 points at the first support level, and at 5.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.33, and for the 2nd resistance point, it is at 6.54.
Ratios To Look Out For
It’s worth pointing out that Lumen Technologies Inc [NYSE:LUMN]’s Current Ratio is 0.95. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 13.35.
Transactions by insiders
Recent insider trading involved GOFF STACEY W, INSIDER, that happened on Aug 08 ’24 when 0.37 million shares were purchased. Officer, GOFF STACEY W completed a deal on Aug 08 ’24 to buy 71025.0 shares. Meanwhile, President & CEO Johnson Kathleen E bought 0.75 million shares on May 02 ’24.
