The price of Lumen Technologies Inc (NYSE: LUMN) closed at $1.61 in the last session, down -5.85% from day before closing price of $1.71. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 18690896 shares were traded.
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Ratios:
We take a closer look at LUMN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 51.07 whereas as Long-Term Debt/Eq ratio is at 50.05.
On February 08, 2023, Citigroup Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $6.25 to $3.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when SIEGEL LAURIE bought 30,000 shares for $1.60 per share. The transaction valued at 47,997 led to the insider holds 30,000 shares of the business.
GLENN T MICHAEL bought 50,000 shares of LUMN for $73,300 on Feb 26 ’24. The Director now owns 272,019 shares after completing the transaction at $1.47 per share. On Feb 13 ’24, another insider, Fowler James, who serves as the Director of the company, bought 33,500 shares for $1.68 each. As a result, the insider paid 56,428 and bolstered with 216,538 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LUMN now has a Market Capitalization of 1.63B and an Enterprise Value of 19.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 1.35 whereas that against EBITDA is -3.22.
Stock Price History:
Over the past 52 weeks, LUMN has reached a high of $2.73, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is 1.5362, while the 200-Day Moving Average is calculated to be 1.5977.
Shares Statistics:
According to the various share statistics, LUMN traded on average about 13.86M shares per day over the past 3-months and 13.96M shares per day over the past 10 days. A total of 1.01B shares are outstanding, with a floating share count of 984.81M. Insiders hold about 2.47% of the company’s shares, while institutions hold 67.58% stake in the company. Shares short for LUMN as of Feb 29, 2024 were 143M with a Short Ratio of 10.32, compared to 146.67M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.16% and a Short% of Float of 16.13%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.94.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.05, while EPS last year was $0.1. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.06 and low estimates of -$0.12.
Analysts are recommending an EPS of between $0.28 and -$0.4 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.07, with 8 analysts recommending between $0.34 and -$0.54.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $3.37B. It ranges from a high estimate of $3.44B to a low estimate of $3.22B. As of the current estimate, Lumen Technologies Inc’s year-ago sales were $3.74B, an estimated decrease of -9.90% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for LUMN’s current fiscal year. The highest revenue estimate was $13.63B, while the lowest revenue estimate was $13.09B, resulting in an average revenue estimate of $13.33B. In the same quarter a year ago, actual revenue was $14.56B, down -8.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $12.92B in the next fiscal year. The high estimate is $13.26B and the low estimate is $12.49B. The average revenue growth estimate for next year is down -3.10% from the average revenue estimate for this year.
