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. The stock was recently discussed on Yahoo Finance as it revealed that Lumen Technologies to Present at the Morgan Stanley Technology, Media & Telecom Conference.
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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 $1.62 and fluctuated between $1.6700 as its day high and $1.5600 as its day low. The current market capitalization of Lumen Technologies Inc is $1.64B. A total of 11.02 million shares were traded on the day, compared to an average of 15.40M shares.
Insider Activity
Insider trades can also provide insight into a 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 12 SELLs from insiders. Insiders purchased 13,474,835 shares during that period but sold 3,714,453.
In the most recent transaction, GLENN T MICHAEL bought 50,000 shares of LUMN for 1.47 per share on Feb 26. After the transaction, the Director now owns 272,019 company shares. In a previous transaction on Feb 13, Fowler James bought 33,500 shares at 1.68 per share. LUMN shares that Director owns now total 216,538.
Among the insiders who bought shares, Fowler James acquired of 30,000 shares on Feb 09 at a per-share price of $1.50. This resulted in the Director holding 183,038 shares of LUMN after the transaction. In another insider transaction, Fowler James bought 70,000 shares at $1.40 per share on Nov 07. Company shares held by the Director now total 153,038.
Dividend
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 $1.61 with high estimates of $3.50 and low estimates of $1.00. In terms of 52-week highs and lows, LUMN has a high of $3.47 and a low of $0.78.
As of this writing, LUMN has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.09 in the last quarter, which was -250.00% lower than expectations of $0.06.
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 $0.41, 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 2.30.
