In yesterday’s Wall Street session, Lumen Technologies Inc (NYSE:LUMN) shares traded at $1.23, down -2.38% from the previous session.
As of this writing, 13 analysts cover Lumen Technologies Inc (NYSE:LUMN). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $1.00, we find $1.75. Given the previous closing price of $1.26, this indicates a potential upside of 38.89 percent. LUMN stock price is now -8.94% away from the 50-day moving average and -39.43% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
There are 7 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.06 as their price target over the next twelve months.
In other news, Fowler James, Director bought 70,000 shares of the company’s stock on Nov 07. The stock was bought for $97,916 at an average price of $1.40. Upon completion of the transaction, the Director now directly owns 153,038 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, EVP and CFO Stansbury Christopher bought 500,000 shares of the business’s stock. A total of $549,450 was incurred on buying the stock at an average price of $1.10. This leaves the insider owning 500,000 shares of the company worth $0.61 million. Insiders disposed of 3,638,300 shares of company stock worth roughly $4.48 million over the past 1 year. A total of 1.94% of the company’s stock is owned by insiders.
Monday morning saw Lumen Technologies Inc (NYSE: LUMN) opened at $1.2600. During the past 12 months, Lumen Technologies Inc has had a low of $0.78 and a high of $6.09. As of last week, the company has a debt-to-equity ratio of 9.10, a current ratio of 1.13, and a quick ratio of 1.07. The fifty day moving average price for LUMN is $1.3446 and a two-hundred day moving average price translates $2.0169 for the stock.
The latest earnings results from Lumen Technologies Inc (NYSE: LUMN) was released for Sep, 2023. According to the Telecom Services Company, earnings per share came in at -$0.09, missing analysts’ expectations of $0.06 by -0.15. This compares to $0.57 EPS in the same period last year. The net profit margin was -76.63% and return on equity was -153.72% for LUMN. The company reported revenue of $3.64 billion for the quarter, compared to $4.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.06 percent. For the current quarter, analysts expect LUMN to generate $3.48B in revenue.
