Lumen stock a buy

**Lumen Technologies (LUMN) does not appear to be a strong buy at this time**, based on the following analysis: 1. **Financial Performance**: Lumen Technologies reported a net loss of $49 million and a diluted EPS of $-0.05 for the quarter ending June 30, 2024. The company's net income has seen a significant year-on-year growth of 99.44%, but this is accompanied by a decline in total revenue of 10.73% and a dramatic decrease in diluted EPS of 183.33%. This mixed financial picture suggests that while the company is improving its bottom line, it is doing so at the expense of revenue and earnings per share. |Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|code|market_code| |---|---|---|---|---|---|---|---| |LUMN.N|Lumen Technologies|2024 Q2|3.268E9|-4.9E7|-0.05|LUMN|169| |Ticker|Name|Date|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Net Income year-on-year growth rate|code|market_code| |---|---|---|---|---|---|---|---| |LUMN.N|Lumen Technologies|20240630|-10.734771920240371|-183.33333333333334|99.43910256410257|LUMN|169| 2. **Technical Indicators**: The stock's technical indicators show a moderate MACD of 0.44, a KDJ of 47.63, and an RSI of 65.97. These indicators suggest that the stock is neither overbought nor oversold, but the KDJ value indicates that the stock may be moving towards an oversold condition. The Bollinger Bands show a mid-value of $3.26 and a lower value of $-0.26, indicating that the stock is trading near the lower band. This could suggest a bearish trend or potential for further price decline. |Ticker|Name|Date|RSI|KDJ|MACD|code|market_code| |---|---|---|---|---|---|---|---| |LUMN.N|Lumen Technologies|20240814|65.9681|47.6263|0.4429|LUMN|169| 3. **Analyst Sentiments**: The average analyst price target for Lumen Technologies is $3.36, which is below the current closing price of $5.66. This could indicate that analysts believe the stock has room to fall. |Ticker|Name|Date|Closing Price|code|market_code| |---|---|---|---|---|---| |LUMN.N|Lumen Technologies|20240814|5.66|LUMN|169| 4. **Forecast Price**: The forecast price for Lumen Technologies over the next 20 trading days ranges from $4.72 to $5.37. These forecasts suggest that there is limited upside potential and a higher likelihood of the stock trading below its current price in the near term. |Ticker|Name|Date|Forecast Price|code|market_code| |---|---|---|---|---|---| |LUMN.N|Lumen Technologies|20240815|4.72224148|LUMN|169| |LUMN.N|Lumen Technologies|20240816|4.72471979|LUMN|169| |LUMN.N|Lumen Technologies|20240819|4.94660049|LUMN|169| |LUMN.N|Lumen Technologies|20240820|4.9354947|LUMN|169| |LUMN.N|Lumen Technologies|20240821|4.98808535|LUMN|169| |LUMN.N|Lumen Technologies|20240822|5.18025306|LUMN|169| |LUMN.N|Lumen Technologies|20240823|5.14308129|LUMN|169| |LUMN.N|Lumen Technologies|20240826|5.36144998|LUMN|169| |LUMN.N|Lumen Technologies|20240827|5.37206538|LUMN|169| |LUMN.N|Lumen Technologies|20240828|5.23043544|LUMN|169| In conclusion, while Lumen Technologies has shown some improvement in its net income, the decline in revenue and EPS, along with the bearish technical indicators and analyst price targets, suggest that the stock may not be a compelling buy at this time. Investors should exercise caution and consider these factors before making an investment decision.