Frontier Communications Parent Inc. (NASDAQ:FYBR) saw a downside of -1.17% to close Monday at $17.69 after subtracting -$0.21 on the day. The 5-day average trading volume is 3,011,140 shares of the company’s common stock. It has gained $19.16 in the past week and touched a new high 3 times within the past 5 days. An average of 4,875,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,429,716.
FYBR’s 1-month performance is -2.75% or -$0.50 on its low of $11.65 reached on 07/17/23. The company’s shares have touched a 52-week low of $11.65 and high of $30.83, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FYBR has lost -30.57% or -$7.79 and has reached a new high 16 times. However, the current price is down -42.62% from the 52-week high price.
Valuation Metrics
FYBR stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.75 while the price-to-book (PB) in the most recent quarter is 0.84.
Frontier Communications Parent Inc.’s quick ratio for the period ended March 30 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending March 30 was 1.91, while the total debt to equity was 1.91. In terms of profitability, the gross margin trailing 12 months is 62.70%. The trailing 12-month EBITDA margin is 32.37% while for the period ending March 30, Frontier Communications Parent Inc.’s operating margin was 9.70%. The firm’s gross profit as reported stood at $3.62 billion against revenue of $5.79 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Frontier Communications Parent Inc.’s cash and short-term investments amounted to $575.0 million against total debt of $9.84 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 3350.0% to -$2.0 million, while revenue of $3.0 million was 250.0% off the previous quarter. Analysts expected FYBR to announce $0.09 per share in earnings in its latest quarter, but it posted $0.01, representing a -88.90% surprise. EBITDA for the quarter stood at more than $461.0 million. FYBR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 13.96 billion, with total debt at $9.84 billion. Shareholders hold equity totaling $245.76 million.
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 07 August was 54.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.84%.
The stock’s 5-day moving average is $18.03, reflecting a -2.86% or -$0.52 change from its current price. FYBR is currently trading +2.20% above its 20-day SMA, -27.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.40% and SMA200 by-24.60%.
Stochastic %K and %D was 80.92% and 86.67% and the average true range (ATR) pointed at 1.07. The RSI (14) points at 53.53%, while the 14-day stochastic is at 73.75% with the period’s ATR at 1.07. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.45 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Frontier Communications Parent Inc. (NASDAQ: FYBR), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for FYBR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FYBR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 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 $17.00 and a high of $55.00, with their median price target at $31.50. Looking at these predictions, the average price target given by analysts is for Frontier Communications Parent Inc. (FYBR) stock is $30.75.
