The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Lumen Technologies Inc. (LUMN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -1.18%, to $8.36. Volume reached 85,995 shares, with price reaching a high of $8.34 and a low of $8.3101. Yahoo Finance discussed the stock recently as it posted Lumen invests in its sixth on-net subsea route across the Atlantic.
The company is listed on the NYSE and operates within the Telecom Services industry segment. At the end of the last regular session, the stock closed at $8.32 and fluctuated between $8.50 as its day high and $8.17 as its day low. The current market capitalization of Lumen Technologies Inc. is $8.77B. A total of 20.24 million shares were traded on the day, compared to an average of 10.97M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, LUMN has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 68,865 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 13 SELLs from insiders. Insiders purchased 3,329,669 shares during that period but sold 3,525,860.
In the most recent transaction, GOFF STACEY W sold 128,616 shares of LUMN for 14.16 per share on Nov 05. After the transaction, the EVP & GC now owns 642,539 company shares.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Lumen Technologies Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 12.02%, and it has a price to earnings (P/E) ratio of 4.30. LUMN’s most recent ex-dividend date was 08/29/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 09/09/2022. Previously, the company paid the dividend on 06/10/2022 with an ex-dividend date of 05/27/2022. The dividend was $0.25 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for LUMN in the last 3 months, the mean price target is $10.45 with high estimates of $12.50 and low estimates of $8.00. In terms of 52-week highs and lows, LUMN has a high of $14.49 and a low of $8.43.
As of this writing, LUMN has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.32. The company reported an EPS of $0.35 in the last quarter, which was -23.91% lower than expectations of $0.46.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LUMN’s latest balance sheet shows that the firm has $354.00M in Cash & Short Term Investments as of fiscal 2021. There were $29.37B in debt and $7.17B in liabilities at the time. Its Book Value Per Share was $12.06, while its Total Shareholder’s Equity was $11.84B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LUMN is Hold with a score of 2.38. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 4 thought it should be Sold.