Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Frontier Communications Parent Inc (NASDAQ: FYBR) closed the day trading at $25.36 down -1.78% from the previous closing price of $25.82. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 1.13 million shares were traded. FYBR stock price reached its highest trading level at $26.03 during the session, while it also had its lowest trading level at $25.28.
Ratios:
For a better understanding of FYBR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 2.14 whereas as Long-Term Debt/Eq ratio is at 2.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on April 15, 2024, Upgraded its rating to Buy and sets its target price to $30 from $28 previously.
On April 09, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $30.
Citigroup Downgraded its Buy to Neutral on July 17, 2023, whereas the target price for the stock was revised from $30 to $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 18 ’23 when ARES MANAGEMENT LLC bought 150,000 shares for $18.93 per share. The transaction valued at 2,838,930 led to the insider holds 38,912,895 shares of the business.
ARES MANAGEMENT LLC bought 150,000 shares of FYBR for $2,838,930 on Oct 18 ’23. The 10% Owner now owns 38,912,895 shares after completing the transaction at $18.93 per share. On Oct 18 ’23, another insider, ARES MANAGEMENT LLC, who serves as the 10% Owner of the company, bought 150,000 shares for $18.93 each. As a result, the insider paid 2,838,930 and bolstered with 38,912,895 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FYBR now has a Market Capitalization of 6303279104 and an Enterprise Value of 16203612160. As of this moment, Frontier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 233.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 2.807 whereas that against EBITDA is 7.266.
Stock Price History:
Over the past 52 weeks, FYBR has reached a high of $27.41, while it has fallen to a 52-week low of $11.65. The 50-Day Moving Average of the stock is 6.87%, while the 200-Day Moving Average is calculated to be 22.36%.
Shares Statistics:
Over the past 3-months, FYBR traded about 1.70M shares per day on average, while over the past 10 days, FYBR traded about 1572500 shares per day. A total of 245.81M shares are outstanding, with a floating share count of 179.86M. Insiders hold about 27.64% of the company’s shares, while institutions hold 82.95% stake in the company. Shares short for FYBR as of 1713139200 were 28993371 with a Short Ratio of 17.10, compared to 1710460800 on 26656546. Therefore, it implies a Short% of Shares Outstanding of 28993371 and a Short% of Float of 14.069999999999999.
