Lumen Technologies Inc (NYSE:LUMN) price on Thursday, May 01, fall -0.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.52.
A look at the stock’s price movement, the close in the last trading session was $3.54, moving within a range at $3.5 and $3.75. The beta value (5-Year monthly) was 1.267. Turning to its 52-week performance, $10.33 and $0.97 were the 52-week high and 52-week low respectively. Overall, LUMN moved -8.33% over the past month.
Lumen Technologies Inc’s market cap currently stands at around $3.61 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 3.09B for the company’s revenue for the quarter, with a low and high estimate of 3.02B and 3.14B respectively. The average forecast suggests down to a -5.38% 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 12.32B, representing a -5.99% 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 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 3.39% and -15.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.08, while 7-day volatility ratio is 5.38% and 8.48% in the 30-day chart. Further, Lumen Technologies Inc (LUMN) has a beta value of 1.31, and an average true range (ATR) of 0.27. 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 10.51% off current price level while to achieve the yearly target high, price needs to move -184.09%. Nonetheless, investors will most likely welcome a -13.64% 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 9.75 over the past 10 days and 13.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.01 billion shares.
The 8.34% of Lumen Technologies Inc’s shares are in the hands of company insiders while institutional holders own 69.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 65.8 million on 2025-04-15, giving us a short ratio of 4.35. The data shows that as of 2025-04-15 short interest in Lumen Technologies Inc (LUMN) stood at 901.00005 of shares outstanding, with shares short falling to 75.66 million registered in 2025-03-14. Current price change has pushed the stock -33.71% 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.
