The stock of Liberty Broadband Corporation (NASDAQ:LBRDK) decreased by -$0.68 on Wednesday to $94.55, down -0.72 percent. The last five days have seen an average of 604,408 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $18.67. The average number of shares traded over the last 20 days was 606,607, while the average volume over the last 50 days totaled 774,213.
LBRDK stock appreciated 5.48% since last month. On 07/31/23, the company’s shares reached a one-month low of $87.36. The stock touched a high of $104.58 on 02/02/23, after rallying from a low of $68.67 in 52 weeks. The price of LBRDK stock has risen by 23.97% or $18.67 this year, reaching a new high 14 times. Still, the stock price is down -9.59% from the 52-week high.
Insider Transactions
LBRDK stock investors should be aware that Liberty Broadband Corporation (LBRDK) stock had its last reported insider trading activity 14 days ago on Aug 16. On Aug 16, President/CEO MAFFEI GREGORY B sold 1,135 shares at $92.02 each. This transaction resulted in the insider making $104,445. On May 11, Wendling Brian J sold 6,419 shares at a price of US$77.59. After the transaction, the insider now owns 12,274 shares. CAO/PFO Wendling Brian J had earlier sold 3,210 shares on Feb 02 for $95.00 a share. The transaction was completed for $304,950.
Valuation Metrics
Liberty Broadband Corporation (LBRDK) has a trailing price-to-earnings (P/E) ratio of 17.35. Beta for the stock is 1.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 13.96, the price-to-book (PB) ratio of 1.57.
Financial Health
Based on annual data, it had gross profit of $1.01 billion and revenue of $975.0 million.
Earnings Surprise
According to Liberty Broadband Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Liberty Broadband Corporation’s quarterly earnings would be $1.71, but it ended up being $2.12, beating the consensus by -19.30%. EBITDA was $79.0 million for the quarter. At the end of Liberty Broadband Corporation’s most recent quarter ended June 29, its liabilities totaled 6.57 billion, while its total debt was $4.02 billion. Equity owned by shareholders amounts to $146.21 million.
Technical Picture
Here’s a quick look at Liberty Broadband Corporation’s (LBRDK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 72.00%, suggesting the stock is Overbought, with a 28.21% historical volatility rate.
The stochastic %K and %D were 85.31% and 60.36% respectively, while the average true range (ATR) was 1.97. Based on the 14-day stochastic reading of 91.05%, the RSI (14) reading is 68.42%. On the 9-day MACD Oscillator, the stock is at 3.64, and the 14-day reading is at 3.05.
Analyst Ratings
Analysts have assigned Liberty Broadband Corporation (LBRDK) an Buy rating. LBRDK is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is LBRDK’s price target for the next 12 months?
The current consensus forecast for the stock is between $110.00 and $139.00, with a median target price of $127.50. In analyzing these forecasts, the average price target given by analysts for Liberty Broadband Corporation (LBRDK) is $124.00.
