Lumen Technologies Inc. (NYSE:LUMN) closed Monday at $1.79 per share, up from $1.76 a day earlier. While Lumen Technologies Inc. has overperformed by 1.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LUMN fell by -83.53%, with highs and lows ranging from $11.38 to $1.61, whereas the simple moving average fell by -53.35% in the last 200 days.
On June 06, 2023, Raymond James Upgraded Lumen Technologies Inc. (NYSE: LUMN) to Mkt Perform.
Analysis of Lumen Technologies Inc. (LUMN)
Further, the quarter-over-quarter decrease in sales is -20.10%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Lumen Technologies Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -14.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and LUMN is recording an average volume of 22.97M. On a monthly basis, the volatility of the stock is set at 7.98%, whereas on a weekly basis, it is put at 7.83%, with a loss of -2.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.88, showing growth from the present price of $1.79, which can serve as yet another indication of whether LUMN is worth investing in or should be passed over.
How Do You Analyze Lumen Technologies Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in LUMN shares?
The recent increase in stakes in LUMN appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in LUMN has decreased by -0.15% in the first quarter. The company now owns 111,501,571 shares of the stock, with a value of $251.99 million, following the sale of -170,460 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in LUMN during the first quarter, upping its stake by 86.36%. During the last quarter, the company dropped down 47,590,305 additional shares for a total stake of worth $232.1 million, bringing number of shares owned by the company to 102,699,675.
During the first quarter, SSgA Funds Management, Inc. subtracted a -8,860,857 position in LUMN. Southeastern Asset Management, In sold an additional -7.8 million shares in the last quarter, decreasing its holdings by -19.55%, now holding 32.09 million shares worth $72.52 million. At the end of the first quarter, First Trust Advisors LP increased its LUMN holdings by 49.43% and now holds 26.62 million LUMN shares valued at $60.17 million with the added 8.81 million shares during the period. LUMN shares are owned by institutional investors to the tune of 80.90% at present.