Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Lumen Technologies Inc’s stock clocked out at $1.30, down -1.52% from its previous closing price of $1.32. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 9.96 million shares were traded. LUMN stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.3.
Ratios:
To gain a deeper understanding of LUMN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 37.62 whereas as Long-Term Debt/Eq ratio is at 36.89.
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:
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 May 02 ’24 when Johnson Kathleen E bought 750,000 shares for $1.28 per share. The transaction valued at 959,850 led to the insider holds 7,756,290 shares of the business.
SIEGEL LAURIE bought 30,000 shares of LUMN for $47,997 on Mar 01 ’24. The Director now owns 30,000 shares after completing the transaction at $1.60 per share. On Feb 26 ’24, another insider, GLENN T MICHAEL, who serves as the Director of the company, bought 50,000 shares for $1.47 each. As a result, the insider paid 73,300 and bolstered with 272,019 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 1319552000 and an Enterprise Value of 18698547200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 2.62. Its current Enterprise Value per Revenue stands at 1.325 whereas that against EBITDA is 4.992.
Stock Price History:
Over the past 52 weeks, LUMN has reached a high of $2.70, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is -12.29%, while the 200-Day Moving Average is calculated to be -13.30%.
Shares Statistics:
It appears that LUMN traded 11.62M shares on average per day over the past three months and 11948070 shares per day over the past ten days. A total of 1.01B shares are outstanding, with a floating share count of 994.13M. Insiders hold about 2.06% of the company’s shares, while institutions hold 66.70% stake in the company. Shares short for LUMN as of 1713139200 were 141319915 with a Short Ratio of 12.16, compared to 1710460800 on 149185670. Therefore, it implies a Short% of Shares Outstanding of 141319915 and a Short% of Float of 19.29.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.94.
