The stock of Lumen Technologies Inc (NYSE:LUMN) last traded at $1.08, down -4.42% from the previous session.
LUMN stock price is now -16.60% away from the 50-day moving average and -24.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.10B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On February 08, 2023, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $6.25 to quote $3.50, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Johnson Kathleen E, President & CEO bought 750,000 shares of the company’s stock on May 02 ’24. The stock was bought for $959,850 at an average price of $1.28. Upon completion of the transaction, the President & CEO now directly owns 7,756,290 shares in the company, valued at $8.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Director SIEGEL LAURIE bought 30,000 shares of the business’s stock. A total of $47,997 was incurred on buying the stock at an average price of $1.60. This leaves the insider owning 30,000 shares of the company worth $32400.0. A total of 2.36% of the company’s stock is owned by insiders.
During the past 12 months, Lumen Technologies Inc has had a low of $0.78 and a high of $2.34. As of last week, the company has a debt-to-equity ratio of 37.62, a current ratio of 0.98, and a quick ratio of 0.93. The fifty day moving average price for LUMN is $1.2898 and a two-hundred day moving average price translates $1.43495 for the stock.
The latest earnings results from Lumen Technologies Inc (NYSE: LUMN) was released for 2024-03-31. The net profit margin was -76.21% and return on equity was -187.01% for LUMN. The company reported revenue of $3.29 billion for the quarter, compared to $3.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.99 percent.
