With over 44.3 million Lumen Technologies Inc (LUMN) shares trading Friday and a closing price of $1.81 on the day, the dollar volume was approximately $80.17 million. The shares have shown a negative half year performance of -19.56% and its price on 12/15/23 gained nearly 2.26%. Currently, there are 1.00B common shares owned by the public and among those 989.35M shares have been available to trade.
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 13,474,835 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 3,714,453 shares.
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Shares of Lumen Technologies Inc (NYSE: LUMN) opened at $1.75, down -$0.02 from a prior closing price of $1.77. However, the script later moved the day high at 1.8100, up 2.26%. The company’s stock has a 5-day price change of 21.48% and 19.08% over the past three months. LUMN shares are trading -65.33% year to date (YTD), with the 12-month market performance down to -68.63% lower. It has a 12-month low price of $0.78 and touched a high of $6.09 over the same period. LUMN has an average intraday trading volume of 16.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.19%, 34.15%, and -3.27% respectively.
Institutional ownership of Lumen Technologies Inc (NYSE: LUMN) shares accounts for 67.67% of the company’s 1.00B shares outstanding.
It has a market capitalization of $1.83B and a beta (3y monthly) value of 0.98. The earnings-per-share (ttm) stands at -$11.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.47% over the week and 10.09% over the month.
Analysts forecast that Lumen Technologies Inc (LUMN) will achieve an EPS of -$0.01 for the current quarter, -$0.07 for the next quarter and -$0.12 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.43 a year ago. Earnings per share for the fiscal year are expected to decrease by -93.79%, and -244.46% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Lumen Technologies Inc (LUMN) as a “Hold” at a consensus score of 3.64. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 7 of the 14 advise that investors “hold,” and 5 rated it as a “Sell.”
