Lumen Technologies Inc [NYSE: LUMN] stock went on a downward path that fall over -1.27% on Friday, amounting to a one-week price decrease of less than -8.55%.
Over the last 12 months, LUMN stock rose by 366.17%. The one-year Lumen Technologies Inc stock forecast points to a potential downside of -41.88. The average equity rating for LUMN stock is currently 3.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $6.30 billion, with 1.01 billion shares outstanding and 936.50 million shares in the current float. Compared to the average trading volume of 37.39M shares, LUMN stock reached a trading volume of 9027650 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.37 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 3.33. 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.
Wells Fargo have made an estimate for Lumen Technologies Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 16, 2024. The new note on the price target was released on August 07, 2024, representing the official price target for Lumen Technologies Inc stock. Previously, the target price had yet another raise from $1 to $4, while Goldman kept a Neutral rating on LUMN stock. On August 06, 2024, analysts increased their price target for LUMN shares from 1.25 to 3.15.
The Average True Range (ATR) for Lumen Technologies Inc is set at 0.44, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 13.52, with the Price to Cash per share for the same quarter was set at 1.47. Price to Free Cash Flow for LUMN in the course of the last twelve months was 0.71 with Quick ratio for the last quarter at 0.90.
LUMN Stock Performance Analysis:
Lumen Technologies Inc [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.55. With this latest performance, LUMN shares gained by 3.51% in over the last four-week period, additionally plugging by 349.28% over the last 6 months – not to mention a rise of 366.17% 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 48.31, with the RSI for the last a single of trading hit 40.81, and the three-weeks RSI is set at 52.87 for Lumen Technologies Inc [LUMN]. The present Moving Average for the last 50 days of trading for this stock 5.93, while it was recorded at 6.32 for the last single week of trading, and 2.56 for the last 200 days.
Insight into Lumen Technologies Inc Fundamentals:
Lumen Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.95.
LUMN Stock EPS
With the latest financial reports released by the company, Lumen Technologies Inc posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.15. 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 -2.00%.
Lumen Technologies Inc [LUMN] Institutonal Ownership Details
There are presently around $65.20%, or 70.53%% of LUMN stock, in the hands of institutional investors. The top three institutional holders of LUMN stocks are: BLACKROCK INC. with ownership of 148.83 million shares, which is approximately 15.1122%. VANGUARD GROUP INC, holding 118.12 million shares of the stock with an approximate value of $$129.93 million in LUMN stocks shares; and VANGUARD GROUP INC, currently with $$55.64 million in LUMN stock with ownership which is approximately 5.1361%.
