As of Friday close, Frontdoor Inc.’s (NASDAQ:FTDR) stock was down -$0.05, moving down -0.15 percent to $32.80. The average number of shares traded per day over the past five days has been 634,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.76 fall in that time frame. In the last twenty days, the average volume was 696,975, while in the previous 50 days, it was 885,674.
Since last month, FTDR stock retreated -4.51%. Shares of the company fell to $32.49 on 08/18/23, the lowest level in the past month. A 52-week high of $38.97 was reached on 08/02/23 after having rallying from a 52-week low of $19.06. Since the beginning of this year, FTDR’s stock price has risen by 57.69% or $12.00, and marked a new high 29 times. However, the stock has declined by -15.83% since its 52-week high.
Valuation Metrics
Right now, Frontdoor Inc. (FTDR) has a P/E ratio of about 20.96. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 20.37, and the price-to-cash flow ratio of 21.54 may also be considered.
Financial Health
In the three months ended June 29, Frontdoor Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.46, and the total debt-to-equity ratio was 4.59. On the profitability front, the trailing twelve-month gross margin is 46.40% percent. In the year ended June 29, EBITDA margin amounted to 11.31%, whereas operating margins totaled 9.90%. Based on annual data, FTDR earned $710.0 million in gross profit and brought in $1.66 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.70%. Return on equity (ROE) for the past 12 months was 159.00%.
In Frontdoor Inc.’s quarter-end financial report for June 29, it reported total debt of $584.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FTDR’s revenue rose 6.88% to $367.0 million during the quarter, while net income inched up to $523.0 million. While analysts expected Frontdoor Inc. to report $0.55 quarterly earnings, the actual figure was $0.87 per share, beating the consensus estimate by 58.20%. During the quarter, the company generated $116.0 million in EBITDA. The liabilities of Frontdoor Inc. were 1.0 billion at the end of its most recent quarter ended June 29, and its total debt was $620.0 million. The value of shareholders’ equity is $80.34 million.
Technical Picture
This quick technical analysis looks at Frontdoor Inc.’s (FTDR) price momentum. With a historical volatility rate of 18.79%, the RSI 9-day stood at 26.60% on 18 August.
With respect to its five-day moving average, the current Frontdoor Inc. price is down by -5.09% percent or -$1.76. At present, FTDR shares trade -4.65% below its 20-day simple moving average and +21.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.93% above its SMA50 and +48.69% above its SMA200.
Stochastic coefficient K was 2.44% and Stochastic coefficient D was 4.17%, while ATR was 0.88. Given the Stochastic reading of 4.78% for the 14-day period, the RSI (14) reading has been calculated as 36.17%. As of today, the MACD Oscillator reading stands at -1.02, while the 14-day reading stands at -1.83.
Analyst Ratings
JP Morgan upgraded its rating on Frontdoor Inc. (NASDAQ: FTDR) to an Overweight in a note to investors on May 04, 2023. The analysts firm previously had a Neutral rating on the stock.Frontdoor Inc. (FTDR) has been rated Hold by analysts. According to 1 brokerage firm, FTDR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Frontdoor Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $30.00 – $45.00. Based on these forecasts, analysts predict Frontdoor Inc. (FTDR) will achieve an average price target of $39.80.
