Lumen Technologies Inc. [NYSE: LUMN] gained 2.43% on the last trading session, reaching $13.51 price per share at the time. The company report on July 7, 2021 that From the cloud to the edge, Lumen Technologies is reshaping enterprise application delivery with Microsoft.
Long-term relationship will power businesses to build, manage, and scale applications across highly distributed environments.
Lumen Technologies (NYSE: LUMN) announced a strategic relationship with Microsoft that will shape the next generation of enterprise application delivery by bringing Microsoft Azure capabilities onto the Lumen platform. Mutual customers will benefit from being able to run their Microsoft-based solutions closer to where digital interactions are occurring using the global Edge Computing services of Lumen, creating one of the fastest, most secure platforms for applications and data.
Lumen Technologies Inc. represents 1.08 billion in outstanding shares, while the company has a total market value of $14.58 billion with the latest information. LUMN stock price has been found in the range of $13.27 to $13.58.
If compared to the average trading volume of 8.79M shares, LUMN reached a trading volume of 7989706 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Lumen Technologies Inc. [LUMN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUMN shares is $10.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUMN stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Lumen Technologies Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on May 20, 2021. The new note on the price target was released on January 28, 2021, representing the official price target for Lumen Technologies Inc. stock. Previously, the target price had yet another raise to $15, while Oppenheimer analysts kept a Outperform rating on LUMN stock.
The Average True Range (ATR) for Lumen Technologies Inc. is set at 0.30, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.45. Price to Free Cash Flow for LUMN in the course of the last twelve months was 6.73 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for LUMN stock
Lumen Technologies Inc. [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.67. With this latest performance, LUMN shares dropped by -11.58% in over the last four-week period, additionally plugging by 28.54% over the last 6 months – not to mention a rise of 40.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUMN stock in for the last two-week period is set at 41.76, with the RSI for the last a single of trading hit 40.78, and the three-weeks RSI is set at 44.22 for Lumen Technologies Inc. [LUMN]. The present Moving Average for the last 50 days of trading for this stock 14.09, while it was recorded at 13.46 for the last single week of trading, and 12.00 for the last 200 days.
Lumen Technologies Inc. [LUMN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Lumen Technologies Inc. [LUMN] shares currently have an operating margin of +17.40 and a Gross Margin at +33.42. Lumen Technologies Inc.’s Net Margin is presently recorded at -5.95.
Return on Total Capital for LUMN is now 7.61, given the latest momentum, and Return on Invested Capital for the company is -2.76. Return on Equity for this stock declined to -10.00, with Return on Assets sitting at -1.98. When it comes to the capital structure of this company, Lumen Technologies Inc. [LUMN] has a Total Debt to Total Equity ratio set at 301.21. Additionally, LUMN Total Debt to Total Capital is recorded at 75.08, with Total Debt to Total Assets ending up at 56.61. Long-Term Debt to Equity for the company is recorded at 276.07, with the Long-Term Debt to Total Capital now at 68.81.
Reflecting on the efficiency of the workforce at the company, Lumen Technologies Inc. [LUMN] managed to generate an average of -$31,590 per employee. Receivables Turnover for the company is 9.48 with a Total Asset Turnover recorded at a value of 0.33.Lumen Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Lumen Technologies Inc. [LUMN]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUMN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lumen Technologies Inc. go to 3.00%.
An analysis of insider ownership at Lumen Technologies Inc. [LUMN]
There are presently around $11,163 million, or 76.30% of LUMN stock, in the hands of institutional investors. The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 124,885,782, which is approximately -1.173% of the company’s market cap and around 0.80% of the total institutional ownership; TEMASEK HOLDINGS (PRIVATE) LTD, holding 97,259,407 shares of the stock with an approximate value of $1.31 billion in LUMN stocks shares; and BLACKROCK INC., currently with $1.29 billion in LUMN stock with ownership of nearly 5.045% of the company’s market capitalization.
350 institutional holders increased their position in Lumen Technologies Inc. [NYSE:LUMN] by around 48,570,252 shares. Additionally, 356 investors decreased positions by around 61,977,226 shares, while 108 investors held positions by with 715,698,196 shares. The mentioned changes placed institutional holdings at 826,245,674 shares, according to the latest SEC report filing. LUMN stock had 117 new institutional investments in for a total of 15,623,076 shares, while 111 institutional investors sold positions of 14,893,666 shares during the same period.