Currently, there are 1.01B common shares owned by the public and among those 937.02M shares have been available to trade.
The company’s stock has a 5-day price change of -19.66% and 32.20% over the past three months. LUMN shares are trading 344.26% year to date (YTD), with the 12-month market performance up to 489.13% higher. It has a 12-month low price of $0.97 and touched a high of $10.33 over the same period. LUMN has an average intraday trading volume of 19.45 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 5.24%, 16.43%, and 144.51% respectively.
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Institutional ownership of Lumen Technologies Inc (NYSE: LUMN) shares accounts for 65.17% of the company’s 1.01B shares outstanding.
It has a market capitalization of $8.16B and a beta (3y monthly) value of 1.22. The earnings-per-share (ttm) stands at -$2.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.27% over the week and 9.06% over the month.
Earnings per share for the fiscal year are expected to decrease by -272.04%, and -90.48% over the next financial year. EPS should grow at an annualized rate of -2.00% over the next five years, compared to -45.15% over the past 5-year period.
Looking at the support for the LUMN, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on August 16, 2024, with the firm’s price target at $1.75-$4. Goldman was of a view on August 07, 2024 that the stock is Neutral, while Citigroup gave the stock Neutral rating on August 06, 2024, issuing a price target of $1.25- $3.15. Goldman on their part issued Sell rating on July 01, 2024.
