Lumen Technologies Inc. [LUMN] Stock trading around $9.85 per share: What’s Next?

Lumen Technologies Inc. [NYSE: LUMN] closed the trading session at $9.85 on 09/02/22. The day’s price range saw the stock hit a low of $9.84, while the highest price level was $10.19. The company report on August 31, 2022 that Lumen Technologies to Present at the BofA Securities 2022 Media, Communications and Entertainment Conference.


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Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will present at the BofA Securities 2022 Media, Communications and Entertainment Conference on September 7. The presentation is scheduled to begin at 11:20 a.m. PT.

A live webcast link to the investor presentation will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.

The stocks have a year to date performance of -21.51 percent and weekly performance of -8.46 percent. The stock has been moved at -6.64 percent over the last six months. The stock has performed -9.13 percent around the most recent 30 days and changed -15.38 percent over the most recent 3-months.

If compared to the average trading volume of 9.88M shares, LUMN reached to a volume of 8969789 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $10.45 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 3.40. 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.

JP Morgan have made an estimate for Lumen Technologies Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 05, 2022. The new note on the price target was released on November 04, 2021, representing the official price target for Lumen Technologies Inc. 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 0.55. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 0.34. Price to Free Cash Flow for LUMN in the course of the last twelve months was 4.77 with Quick ratio for the last quarter at 2.00.

LUMN stock trade performance evaluation

Lumen Technologies Inc. [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.46. With this latest performance, LUMN shares dropped by -9.13% in over the last four-week period, additionally sinking by -6.64% over the last 6 months – not to mention a drop of -20.24% 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 32.94, with the RSI for the last a single of trading hit 27.04, and the three-weeks RSI is set at 37.09 for Lumen Technologies Inc. [LUMN]. The present Moving Average for the last 50 days of trading for this stock 10.84, while it was recorded at 10.04 for the last single week of trading, and 11.42 for the last 200 days.

Lumen Technologies Inc. [LUMN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lumen Technologies Inc. [LUMN] shares currently have an operating margin of +21.77 and a Gross Margin at +35.41. Lumen Technologies Inc.’s Net Margin is presently recorded at +10.33.

Return on Equity for this stock inclined to 17.68, with Return on Assets sitting at 3.46.

Lumen Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Lumen Technologies Inc. [LUMN]: Insider Ownership positions

There are presently around $8,102 million, or 80.50% of LUMN stock, in the hands of institutional investors. The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 118,680,912, which is approximately 2.19% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 96,101,492 shares of the stock with an approximate value of $946.6 million in LUMN stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $715.7 million in LUMN stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Lumen Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 425 institutional holders increased their position in Lumen Technologies Inc. [NYSE:LUMN] by around 60,706,745 shares. Additionally, 297 investors decreased positions by around 47,134,903 shares, while 155 investors held positions by with 714,658,256 shares. The mentioned changes placed institutional holdings at 822,499,904 shares, according to the latest SEC report filing. LUMN stock had 102 new institutional investments in for a total of 8,560,190 shares, while 67 institutional investors sold positions of 2,619,742 shares during the same period.

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