As of Friday close, Frontier Communications Parent Inc.’s (NASDAQ:FYBR) stock was down -$0.3, moving down -1.89 percent to $15.60. The average number of shares traded per day over the past five days has been 2,606,440 shares. 3 times new highs have been achieved over the past 5 days, with a $1.02 gain in that time frame. In the last twenty days, the average volume was 2,560,935, while in the previous 50 days, it was 3,351,248.
Since last month, FYBR stock rose 0.32%. Shares of the company fell to $14.09 on 09/13/23, the lowest level in the past month. A 52-week high of $30.83 was reached on 02/02/23 after having rallying from a 52-week low of $11.65. Since the beginning of this year, FYBR’s stock price has dropped by -38.78% or -$9.88, and marked a new high 16 times. However, the stock has declined by -49.40% since its 52-week high.
FYBR stock investors should be aware that Frontier Communications Parent Inc. (FYBR) stock had its last reported insider trading activity 8 days ago on Sep 15. ARES MANAGEMENT LLC, the 10% Owner of the company, purchased of 100,000 shares for $14.79 on Sep 15. It resulted in a $1,478,850 investment by the insider. ARES MANAGEMENT LLC added 100,000 shares at an average price of $14.79 on Sep 15. The insider now owns 38,612,895 shares following the transaction. On Sep 15, 10% Owner ARES MANAGEMENT LLC bought 100,000 shares at $14.79 apiece. The transaction was valued at $1,478,850.
Valuation Metrics
Right now, Frontier Communications Parent Inc. (FYBR) has a P/E ratio of about 13.88. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 0.74.
Financial Health
In the three months ended June 30, Frontier Communications Parent Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 1.89, and the total debt-to-equity ratio was 1.90. On the profitability front, the trailing twelve-month gross margin is 62.90% percent. In the year ended June 30, EBITDA margin amounted to 32.37%, whereas operating margins totaled 8.80%. Based on annual data, FYBR earned $3.62 billion in gross profit and brought in $5.79 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 2.60%. Return on equity (ROE) for the past 12 months was 5.40%.
In Frontier Communications Parent Inc.’s quarter-end financial report for June 30, it reported total debt of $9.83 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FYBR’s revenue fell -100.55% to $1.44 billion during the quarter, while net income inched up to $1.45 billion. While analysts expected Frontier Communications Parent Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $461.0 million in EBITDA. The liabilities of Frontier Communications Parent Inc. were 13.96 billion at the end of its most recent quarter ended June 30, and its total debt was $9.84 billion. The value of shareholders’ equity is $245.76 million.
Technical Picture
This quick technical analysis looks at Frontier Communications Parent Inc.’s (FYBR) price momentum. With a historical volatility rate of 52.79%, the RSI 9-day stood at 52.82% on 22 September.
With respect to its five-day moving average, the current Frontier Communications Parent Inc. price is up by +7.00% percent or $1.02. At present, FYBR shares trade +3.65% above its 20-day simple moving average and -31.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.94% below its SMA50 and -39.06% below its SMA200.
Stochastic coefficient K was 71.84% and Stochastic coefficient D was 62.50%, while ATR was 0.78. Given the Stochastic reading of 65.09% for the 14-day period, the RSI (14) reading has been calculated as 49.82%. As of today, the MACD Oscillator reading stands at 0.61, while the 14-day reading stands at 0.57.
Analyst Ratings
Frontier Communications Parent Inc. downgraded its rating on Frontier Communications Parent Inc. (NASDAQ: FYBR) to a Neutral in a note to investors on July 17, 2023. The analysts firm previously had a Buy rating on the stock.Frontier Communications Parent Inc. (FYBR) has been rated Overweight by analysts. According to 1 brokerage firm, FYBR 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 Frontier Communications Parent Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $33.00, the current consensus forecast for the stock is $16.00 – $62.00. Based on these forecasts, analysts predict Frontier Communications Parent Inc. (FYBR) will achieve an average price target of $31.91.
