The price of Lumen Technologies (LUMN) stock is expected to exhibit a mixed trend over the next twenty trading days. Here's a detailed analysis based on the latest data:
- Current Price and Recent Performance: The closing price of LUMN as of August 28, 2024, is $5.351. The stock has experienced a significant decline of 14.54% on the last day, falling from $6.12 to $5.232.
- Short-term Price Forecast: The stock is expected to rise by approximately 223.26% over the next three months, with a 90% probability of trading between $11.33 and $25.642. This suggests a bullish short-term outlook.
- Mid-term Price Forecast: The average price target over the next twenty trading days is $5.71, with a high estimate of $7.00 and a low estimate of $3.003. This indicates a slight upside potential from the current price.
- Long-term Price Forecast: The average one-year price target is $1.52, with forecasts ranging from a low of $1.01 to a high of $2.624. This suggests a much more cautious outlook for long-term investors.
- Analyst Ratings and Price Targets: The stock has a moderate sell rating with an average price target of $4.36, representing a -30.02% change from the last price of $5.233. This suggests that analysts are generally bearish on the stock.
- Market Sentiment and Risks: The stock has been volatile, with a wide range between its 52-week high of $7.83 and low of $0.785. The high volatility and negative EBITDA growth suggest significant risks6.
In conclusion, while the short-term forecast suggests a potential rise in LUMN's stock price, the mid-term and long-term forecasts indicate a more cautious approach. Investors should consider the high volatility and negative analyst ratings when evaluating the stock.
8/28/2024 08:14pm
