In yesterday’s Wall Street session, Lumen Technologies Inc (NYSE:LUMN) shares traded at $1.32, up 9.09% from the previous session.
LUMN stock price is now 9.72% away from the 50-day moving average and -5.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.34B.
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With the price target of $1, Goldman recently initiated with Sell rating for Lumen Technologies Inc (NYSE: LUMN). , while ‘Citigroup’ rates the stock as ‘Sell’
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 $10.24 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 $39600.0. 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 $2.08. 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 $1.2036 and a two-hundred day moving average price translates $1.3981 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.
