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Saturday, June 3, 2023

Is Lumen Technologies Inc. (NYSE: LUMN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Lumen Technologies Inc. (LUMN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 1.01%, to $2.00. The Lumen Technologies Inc. has recorded 94,710 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Businesses achieving double-digit improvements with edge solutions.

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Stocks Info

This NYSE-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $1.98 and fluctuated between $2.1500 as its day high and $1.9200 as its day low. The current market capitalization of Lumen Technologies Inc. is $2.12B. A total of 24.03 million shares were traded on the day, compared to an average of 30.30M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LUMN has seen 6 BUY and 11 SELL insider trades, representing the acquisition of 7,709,054 and the disposition of 3,638,300 shares. Over the last 12 months, there were 15 BUYs and 11 SELLs from insiders. Insiders purchased 8,342,376 shares during that period but sold 3,638,300.

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.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LUMN in the last 3 months, the mean price target is $3.24 with high estimates of $5.00 and low estimates of $2.00. In terms of 52-week highs and lows, LUMN has a high of $12.54 and a low of $2.06.

As of this writing, LUMN has an earnings estimate of -$0.42 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.23 per share and a lower estimate of -$1.76. The company reported an EPS of $0.43 in the last quarter, which was 126.30% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $11.20, while its Total Shareholder’s Equity was $11.84B.

Analysts Opinion

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, 0 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 Buy with a score of 2.10.

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