A share price of Lumen Technologies Inc [LUMN] is currently trading at $6.60, up 2.96%. 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 7.67% over the last week, with a monthly amount drifted -7.04%, 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 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.
Lumen Technologies Inc experienced fluctuations in its stock price throughout the past year between $0.78 and $7.83. 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 $6.60 at the most recent close of the market. An investor can expect a potential drop of -14.7% based on the average LUMN price forecast.
Analyzing the LUMN fundamentals
Trailing Twelve Months sales for Lumen Technologies Inc [NYSE:LUMN] were 13.72B which represents -10.73% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of40.52.
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 6.35 points at the first support level, and at 6.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.74, and for the 2nd resistance point, it is at 6.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lumen Technologies Inc [NYSE:LUMN] is 0.95. In addition, the Quick Ratio stands at 0.90 and the Cash Ratio stands at 0.4. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 14.39.
Transactions by insiders
Recent insider trading involved Fowler James, Director, that happened on Sep 03 ’24 when 10000.0 shares were purchased. INSIDER, GOFF STACEY W completed a deal on Aug 08 ’24 to buy 0.37 million shares. Meanwhile, Officer GOFF STACEY W bought 71025.0 shares on Aug 08 ’24.
