Frontier Communications Parent Inc. (FYBR): What the Financials Tell Us

Frontier Communications Parent Inc. (NASDAQ:FYBR) saw a downside of -1.83% to close Tuesday at $27.40 after subtracting -$0.51 on the day. The 5-day average trading volume is 1,117,700 shares of the company’s common stock. It has gained $29.22 in the past week. An average of 3,015,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,044,226.

FYBR’s 1-month performance is -17.52% or -$5.32 on its low of $26.79 reached on 10/05/21. The company’s shares have touched a 52-week low of $23.24 and high of $33.34. YTD, FYBR has achieved 1.67%. However, the current price is down -17.82%% from the 52-week high price.


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Insider Transactions

On Sep 24, 19 days have gone by since the last insider trading activity for Frontier Communications Parent Inc. (FYBR). ARES MANAGEMENT LLC (10% Owner) most recently sold 424,119 shares at $26.95 per share on Sep 24. This transaction cost the insider $11,430,007. 10% Owner, ARES MANAGEMENT LLC, sold 424,119 shares at a price of $26.95 on Sep 24. Then, on Sep 24, 10% Owner ARES MANAGEMENT LLC sold 424,119 shares at a price of $26.95 per share. This transaction amounted to $11,430,007.

Frontier Communications Parent Inc.’s quick ratio for the recent quarter was 1.20, with the current ratio over the same period at 1.20 meaning that FYBR stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 62.60%. The trailing 12-month EBITDA margin is 39.22% while Frontier Communications Parent Inc.’s operating margin was 73.50%. The firm’s gross profit as reported stood at $4.45 billion against revenue of $7.16 billion.

Earnings Surprise

EBITDA for the quarter stood at more than $298.0 million. FYBR stock balance sheet for the recent quarter shows that total liabilities totaled 10.85 billion, with total debt at $7.02 billion. Shareholders hold equity totaling $244.4 million

Technical Picture

Let’s look briefly at Frontier Communications Parent Inc. (FYBR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 38.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.24%.

The stock’s 5-day moving average is $27.98, reflecting a -0.11% or -$0.03 change from its current price. FYBR is currently trading -16.62% above its 20-day SMA, +9.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.21%.

Stochastic %K and %D was 23.75% and 30.52% and the average true range (ATR) pointed at 1.20. The RSI (14) points at 39.62%, while the 14-day stochastic is at 16.35% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.40 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Frontier Communications Parent Inc. (NASDAQ: FYBR), Raymond James launched coverage with an Outperform rating. Analysts offering their rating for FYBR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate FYBR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.

What is FYBR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $34.00 and a high of $56.00, with their median price target at $42.00. Looking at these predictions, the average price target given by analysts is for Frontier Communications Parent Inc. (FYBR) stock is $41.60.

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