Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. It is this reason that could see investor optimism for the LUMN stock continues to rise going into the next quarter.Stocks: Real-time U.S. Current price change has pushed the stock -63.79% YTD, which shows the potential for further growth is there. (LUMN) stood at 14.71% of shares outstanding, with shares short rising to 126.65 million registered in May 30, 2023. The data shows that as of short interest in Lumen Technologies Inc. Also important is the data on short interest which shows that short shares stood at 147.7 million on Jun 29, 2023, giving us a short ratio of 5.01. The 0.10% of Lumen Technologies Inc.’s shares are in the hands of company insiders while institutional holders own 80.90% of the company’s shares. The company’s latest data on shares outstanding shows there are 1.00 billion shares. (NYSE:LUMN), historical trading data shows that trading volumes averaged 22.25 million over the past 10 days and 23.54 million over the past 3 months. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.24% and 0.31% respectively in the last trading. (T) is also up 8.48% in trading on the day while keeping a a downtrend of -28.93% over the past year. However, the stock is -32.44% off its price a year ago. Looking at another peer, we see that Verizon Communications Inc. (CSCO) has moved 2.32% on the day and only 23.08% in the past 12 months. Data shows LUMN’s intraday price has changed 16.67% in last session and -82.47% over the past year. (LUMN) and its peers suggest the former has performed considerably stronger. In the market, a comparison of Lumen Technologies Inc. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category. Turning to the stock’s technical picture we see that short term indicators suggest on average that LUMN is a 100% Sell. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $14.61 billion, representing a -16.40% decline on that reported in the last financial year. The average forecast suggests down to a -20.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -78.10% for 2023 and -38.20% for the next financial year.Īnalysts have a consensus estimate of $3.67 billion for the company’s revenue for the quarter, with a low and high estimate of $3.47 billion and $3.71 billion respectively. Analysts project the company’s earnings per share (EPS) to be -$0.35, which has seen fiscal year 2023 EPS growth forecast to increase to $0.34 and about $0.21 for fiscal year 2024. Lumen Technologies Inc.’s market cap currently stands at around $2.11 billion. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023". Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. The electric vehicle boom is accelerating – and fast.
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