As of Wednesday close, Liberty Broadband Corporation’s (NASDAQ:LBRDK) stock was down -$0.95, moving down -1.03 percent to $91.34. The average number of shares traded per day over the past five days has been 710,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 833,890, while in the previous 50 days, it was 854,160.
Since last month, LBRDK stock rose 7.52%. Shares of the company fell to $81.05 on 07/17/23, the lowest level in the past month. A 52-week high of $120.59 was reached on 02/02/23 after having rallying from a 52-week low of $68.67. Since the beginning of this year, LBRDK’s stock price has risen by 19.76% or $15.07, and marked a new high 14 times. However, the stock has declined by -24.26% since its 52-week high.
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Sponsored
LBRDK stock investors should be aware that Liberty Broadband Corporation (LBRDK) stock had its last reported insider trading activity 98 days ago on May 11. Wendling Brian J, the CAO/PFO of the company, disposed of 6,419 shares for $77.59 on May 11. It resulted in a $498,064 divestment by the insider. Wendling Brian J sold 3,210 shares at an average price of $95.00 on Feb 02. The insider now owns 11,368 shares following the transaction. On Nov 23, Director Green Richard R sold 3,270 shares at $90.79 apiece. The transaction was valued at $296,880.
Valuation Metrics
Right now, Liberty Broadband Corporation (LBRDK) has a P/E ratio of about 13.88. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 13.49, the price-to-book (PB) ratio of 1.51.
Financial Health
Based on annual data, LBRDK earned $1.01 billion in gross profit and brought in $975.0 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Liberty Broadband Corporation to report $2.12 quarterly earnings, the actual figure was $1.71 per share, beating the consensus estimate by -19.30%. During the quarter, the company generated $79.0 million in EBITDA. The liabilities of Liberty Broadband Corporation were 6.57 billion at the end of its most recent quarter ended June 29, and its total debt was $4.02 billion. The value of shareholders’ equity is $20.26 million.
Technical Picture
This quick technical analysis looks at Liberty Broadband Corporation’s (LBRDK) price momentum. With a historical volatility rate of 13.48%, the RSI 9-day stood at 57.98% on 16 August.
With respect to its five-day moving average, the current Liberty Broadband Corporation price is down by -0.19% percent or -$0.17. At present, LBRDK shares trade +6.14% above its 20-day simple moving average and +16.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.30% above its SMA50 and +12.31% above its SMA200.
Stochastic coefficient K was 76.02% and Stochastic coefficient D was 82.72%, while ATR was 1.97. Given the Stochastic reading of 65.30% for the 14-day period, the RSI (14) reading has been calculated as 62.44%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.86.
Analyst Ratings
Liberty Broadband Corporation (LBRDK) has been rated Buy by analysts. According to 0 brokerage firms, LBRDK is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Liberty Broadband Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $127.50, the current consensus forecast for the stock is $110.00 – $139.00. Based on these forecasts, analysts predict Liberty Broadband Corporation (LBRDK) will achieve an average price target of $124.00.
