Market Watch Highlights: Lumen Technologies Inc (LUMN) Ends on an Downturn Note at 7.34

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As of close of business last night, Lumen Technologies Inc’s stock clocked out at $7.34, down -0.41% from its previous closing price of $7.37. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 5.28 million shares were traded. LUMN stock price reached its highest trading level at $7.53 during the session, while it also had its lowest trading level at $7.29.

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 2.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.74. 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 55.03 whereas as Long-Term Debt/Eq ratio is at 53.05.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 16, 2024, Downgraded its rating to Underweight and sets its target price to $4 from $1.75 previously.

Goldman Upgraded its Sell to Neutral on August 07, 2024, whereas the target price for the stock was revised from $1 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:

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 7479166464 and an Enterprise Value of 23628722176. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 21.78. Its current Enterprise Value per Revenue stands at 1.777 whereas that against EBITDA is 7.121.

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 1.43%, while the 200-Day Moving Average is calculated to be 105.57%.

Shares Statistics:

It appears that LUMN traded 17.37M shares on average per day over the past three months and 12294240 shares per day over the past ten days. A total of 1.01B shares are outstanding, with a floating share count of 937.02M. Insiders hold about 7.67% of the company’s shares, while institutions hold 65.18% stake in the company. Shares short for LUMN as of 1731628800 were 64536055 with a Short Ratio of 3.72, compared to 1728950400 on 66154834. Therefore, it implies a Short% of Shares Outstanding of 64536055 and a Short% of Float of 8.8199995.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 11.94.

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