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. After-hours trades for Lumen Technologies Inc. (LUMN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $3.02. The Lumen Technologies Inc. has recorded 221,363 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Lumen Taps Syndio to Advance Workplace Equity and Transparency.
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As a NYSE listed company, LUMN falls under the Communication Services sector while operating within the Telecom Services industry segment. At the end of the last regular session, the stock closed at $3.02 and fluctuated between $3.1300 as its day high and $2.9900 as its day low. The current market capitalization of Lumen Technologies Inc. is $3.08B. A total of 32.57 million shares were traded on the day, compared to an average of 28.95M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LUMN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 1 SELLs from insiders. Insiders purchased 1,552,224 shares during that period but sold 4,622.
In the most recent transaction, CLONTZ STEVEN T bought 5,000 shares of LUMN for 5.34 per share on Nov 29. After the transaction, the Director now owns 340,029 company shares. In a previous transaction on Nov 11, CLONTZ STEVEN T bought 5,000 shares at 6.31 per share. LUMN shares that Director owns now total 335,029.
Among the insiders who bought shares, Bejar Martha Helena acquired of 12,500 shares on Nov 08 at a per-share price of $6.36. This resulted in the Director holding 101,430 shares of LUMN after the transaction. In another insider transaction, GLENN T MICHAEL bought 20,000 shares at $5.92 per share on Nov 04. Company shares held by the Director now total 136,414.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. LUMN’s most recent ex-dividend date was 8/29/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 9/9/2022. Previously, the company paid the dividend on 6/10/2022 with an ex-dividend date of 5/27/2022. The LUMN stock dividend was $0.25 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LUMN in the last 3 months, the mean price target is $4.88 with high estimates of $8.80 and low estimates of $3.50. In terms of 52-week highs and lows, LUMN has a high of $12.54 and a low of $3.10.
As of this writing, LUMN has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.24 per share and a lower estimate of -$0.4. The company reported an EPS of $0.14 in the last quarter, which was -62.20% lower than expectations of $0.37.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
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. Currently, 14 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 2.18. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 5 thought it should be Sold.