The stock of Frontier Communications Parent Inc. (NASDAQ:FYBR) increased by $0.24 on Tuesday to finish at $15.13, up 1.61 percent. The last five days have seen an average of 3,372,460 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$10.35. The average number of shares traded over the last 20 days was 2,468,895, while the average volume over the last 50 days totaled 3,368,882.
FYBR stock dropped -2.13% since last month. On 09/13/23, the company’s shares reached a one-month low of $14.09. The stock touched a high of $30.83 on 02/02/23, after rallying from a low of $11.65 in 52 weeks. The price of FYBR stock has declined by -40.62% or -$10.35 this year, reaching a new high 16 times. Still, the stock price is down -50.92% from the 52-week high.
Insider Transactions
FYBR stock investors should be aware that Frontier Communications Parent Inc. (FYBR) stock had its last reported insider trading activity 5 days ago on Sep 15. On Sep 15, 10% Owner ARES MANAGEMENT LLC acquired 100,000 shares at $14.79 each. This transaction resulted in the insider spending $1,478,850. On Sep 15, ARES MANAGEMENT LLC added 100,000 shares at a price of US$14.79. After the transaction, the insider now owns 38,612,895 shares. 10% Owner ARES MANAGEMENT LLC had earlier bought 100,000 shares on Sep 15 for $14.79 a share. The transaction was completed for $1,478,850.
Valuation Metrics
Frontier Communications Parent Inc. (FYBR) has a trailing price-to-earnings (P/E) ratio of 13.46. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.68, the price-to-book (PB) ratio of 0.72.
Financial Health
For the three months ended June 29, Frontier Communications Parent Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.89, and the total debt to equity ratio is 1.90. As far as profitability goes, gross margin for the trailing twelve months is 62.90% percent. Frontier Communications Parent Inc.’s EBITDA margin for the year ended June 29 was 32.37%, whereas its operating margin stood at 8.80% for the same period. Based on annual data, it had gross profit of $3.62 billion and revenue of $5.79 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FYBR’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 2.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.40%.
Earnings Surprise
According to Frontier Communications Parent Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.45 billion, while revenues fell by -100.55% to $1.44 billion. It was predicted that Frontier Communications Parent Inc.’s quarterly earnings would be -$0.01, but it ended up being -$0.02. EBITDA was $461.0 million for the quarter. At the end of Frontier Communications Parent Inc.’s most recent quarter ended June 29, its liabilities totaled 13.96 billion, while its total debt was $9.84 billion. Equity owned by shareholders amounts to $245.76 million.
Technical Picture
Here’s a quick look at Frontier Communications Parent Inc.’s (FYBR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 47.84%, suggesting the stock is Neutral, with a 62.80% historical volatility rate.
The stochastic %K and %D were 33.48% and 34.43% respectively, while the average true range (ATR) was 0.76. Based on the 14-day stochastic reading of 44.83%, the RSI (14) reading is 46.01%. On the 9-day MACD Oscillator, the stock is at 0.06, and the 14-day reading is at -0.38.
Analyst Ratings
Frontier Communications Parent Inc. (NASDAQ: FYBR) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Frontier Communications Parent Inc. (FYBR) an Overweight rating. FYBR is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is FYBR’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $62.00, with a median target price of $33.00. In analyzing these forecasts, the average price target given by analysts for Frontier Communications Parent Inc. (FYBR) is $31.91.
