Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, Lumen Technologies Inc’s stock clocked out at $4.44, up 2.54% from its previous closing price of $4.33. In other words, the price has increased by $2.54 from its previous closing price. On the day, 12.33 million shares were traded.
Ratios:
To gain a deeper understanding of LUMN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 41.20 whereas as Long-Term Debt/Eq ratio is at 39.77.
On August 16, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also upped its target price recommendation from $1.75 to $4.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 03 ’24 when Fowler James bought 10,000 shares for $4.70 per share. The transaction valued at 46,990 led to the insider holds 384,056 shares of the business.
GOFF STACEY W bought 374,492 shares of LUMN for $2,381,769 on Aug 08 ’24. On Aug 08 ’24, another insider, GOFF STACEY W, who serves as the Officer of the company, bought 71,025 shares for $6.36 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 9.71.
Stock Price History:
Over the past 52 weeks, LUMN has reached a high of $10.33, while it has fallen to a 52-week low of $0.97. The 50-Day Moving Average of the stock is -17.28%, while the 200-Day Moving Average is calculated to be -5.96%.
Shares Statistics:
A total of 1.01B shares are outstanding, with a floating share count of 934.51M. Insiders hold about 7.82% of the company’s shares, while institutions hold 70.46% stake in the company.
