Lumen Technologies Inc [NYSE: LUMN] gained 2.33% on the last trading session, reaching $1.32 price per share at the time.
If compared to the average trading volume of 11.72M shares, LUMN reached a trading volume of 14106087 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 $1.51 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 3.79. 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.
Raymond James have made an estimate for Lumen Technologies Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 06, 2023. While these analysts kept the previous recommendation, Citigroup dropped their target price from $6.25 to $3.50. The new note on the price target was released on February 08, 2023, representing the official price target for Lumen Technologies Inc stock. Previously, the target price had yet another raise to $6, while Goldman analysts kept a Neutral rating on LUMN stock.
The Average True Range (ATR) for Lumen Technologies Inc is set at 0.10, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 1.56.
Trading performance analysis for LUMN stock
Lumen Technologies Inc [LUMN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.09. With this latest performance, LUMN shares dropped by -1.49% in over the last four-week period, additionally plugging by 34.68% over the last 6 months – not to mention a drop of -42.36% 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 46.90, with the RSI for the last a single of trading hit 52.45, and the three-weeks RSI is set at 45.38 for Lumen Technologies Inc [LUMN]. The present Moving Average for the last 50 days of trading for this stock 1.4858, while it was recorded at 1.2460 for the last single week of trading, and 1.5024 for the last 200 days.
Lumen Technologies Inc [LUMN]: A deeper dive into fundamental analysis
Lumen Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 0.98.
An analysis of Institutional ownership at Lumen Technologies Inc [LUMN]
The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LUMN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LUMN stock with ownership which is approximately 5.8386%.
