After finishing at $1.58 in the prior trading day, Lumen Technologies Inc (NYSE: LUMN) closed at $1.56, down -1.27%. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 8224377 shares were traded.
Ratios:
Our goal is to gain a better understanding of LUMN by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1.58B and an Enterprise Value of 19.60B. 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 3.77. Its current Enterprise Value per Revenue stands at 1.35 whereas that against EBITDA is -3.22.
Stock Price History:
The Beta on a monthly basis for LUMN is 1.11, which has changed by -39.77% over the last 52 weeks, in comparison to a change of 27.39% over the same period for the S&P500. 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 1.5458, while the 200-Day Moving Average is calculated to be 1.5767.
Shares Statistics:
The stock has traded on average 14.00M shares per day over the past 3-months and 12.48M shares per day over the last 10 days, according to various share statistics. 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 67.57% stake in the company. Shares short for LUMN as of Mar 15, 2024 were 149.19M with a Short Ratio of 10.66, compared to 142.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.77% and a Short% of Float of 16.83%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.94.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. 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
8 analysts predict $3.37B in revenue for the current quarter. 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.
