Lumen Technologies Inc (NYSE:LUMN) price on current trading day, rose 2.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.99.
A look at the stock’s price movement, the close in the last trading session was $4.88, moving within a range at $4.84 and $5.07. The beta value (5-Year monthly) was 1.274. Turning to its 52-week performance, $10.33 and $0.97 were the 52-week high and 52-week low respectively. Overall, LUMN moved 1.22% over the past month.
Lumen Technologies Inc’s market cap currently stands at around $5.06 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 3.12B for the company’s revenue for the quarter, with a low and high estimate of 3.05B and 3.17B respectively. The average forecast suggests down to a -5.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.35B, representing a -5.75% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LUMN is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend LUMN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LUMN’s current price about 3.54% and -1.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.15, while 7-day volatility ratio is 5.83% and 7.28% in the 30-day chart. Further, Lumen Technologies Inc (LUMN) has a beta value of 1.16, and an average true range (ATR) of 0.35. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $3.15 and high of $10. Looking at the price targets, the low is 36.87% off current price level while to achieve the yearly target high, price needs to move -100.4%. Nonetheless, investors will most likely welcome a 19.84% jump to $4 which is the analysts’ median price.
If we refocus on Lumen Technologies Inc (NYSE:LUMN), historical trading data shows that trading volumes averaged 11.5 over the past 10 days and 12.59 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.01 billion shares.
The 8.21% of Lumen Technologies Inc’s shares are in the hands of company insiders while institutional holders own 70.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 77.44 million on 2025-02-28, giving us a short ratio of 5.63. The data shows that as of 2025-02-28 short interest in Lumen Technologies Inc (LUMN) stood at 1060.0000599999998 of shares outstanding, with shares short rising to 74.96 million registered in 2025-01-31. Current price change has pushed the stock -6.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LUMN stock continues to rise going into the next quarter.
