Why Did Lumen Technologies Inc (LUMN) Stock Surge 0.18% Last Week?

Wells Fargo has recently reduced Lumen Technologies Inc (LUMN) stock to Underweight rating, as announced on August 16, 2024, according to Finviz. Earlier, on August 7, 2024, JP Morgan had raised the stock from a Underweight to Neutral. Goldman also raised Neutral rating with a price target of $4. Additionally, Citigroup raised Neutral rating on August 6, 2024, with a target price of $3.15. Goldman analysts, in their report published on July 1, 2024, also initiated Sell rating for Lumen Technologies Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

Lumen Technologies Inc (LUMN) Stock Trading Recap

On Thursday, Lumen Technologies Inc (LUMN) stock saw a decline, ending the day at $5.53 which represents a decrease of $-0.02 or -0.36% from the prior close of $5.55. The stock opened at $5.55 and touched a low of $5.49 during the day, reaching a high of $5.69. The volume of shares traded was 5.57 million falling short of the average volume of 14.77 million.


Sponsored

LUMN Stock Performance and Moving Averages

In recent trading, Lumen Technologies Inc (LUMN) stock price has shown some volatility, fluctuating 0.18% over the last five trades and -15.05% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 312.69%, and it has plunged by -10.52% in the previous three months. Currently, LUMN is trading at -1.78%, -19.23%, and 30.34% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, LUMN, a Communication Services sector stock, is trading -46.47% below its 52-week high but remains 470.01% above its 52-week low. The Average True Range (ATR) (14 days) of 0.34 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Lumen Technologies Inc’s Profitability and Valuation Ratios

Lumen Technologies Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 3.43% and a profit margin of -16.06%, with a gross margin of 312.69%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Lumen Technologies Inc’s market capitalization stands at $5.61 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.42, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 16.41, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 7.68% of Lumen Technologies Inc (LUMN)’s shares, while financial institutions hold 65.91%.

Related Posts

Unlock Your Investment Potential: Get Your 100% Free eBook

Best Space Stocks To Buy

A detailed analysis of Three Best Space Stocks to Buy, each selected based on Innovations, Growth Metrics & Achievements

No thanks

Best Space Stocks to Buy!

Unlock Your Investment Potential: Get Your 100% Free eBook

A Detail Analysis of Three Best Space Stocks to Buy, Eash Selected Based on Innovations, Growth Metrics & Achievements