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Frontier Communications Parent Inc (NASDAQ: FYBR) closed the day trading at $25.61 down -0.70% from the previous closing price of $25.79. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 1.34 million shares were traded. FYBR stock price reached its highest trading level at $26.14 during the session, while it also had its lowest trading level at $25.4.
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 this company, Goldman on July 01, 2024, initiated with a Buy rating and assigned the stock a target price of $29.
On April 15, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $28 to $30.
On April 09, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $30.BofA Securities initiated its Buy rating on April 09, 2024, with a $30 target price.
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 6365416960 and an Enterprise Value of 16151416832. As of this moment, Frontier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 236.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 2.798 whereas that against EBITDA is 7.243.
Stock Price History:
The Beta on a monthly basis for FYBR is 1.08, which has changed by 0.41726613 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 0.33%, while the 200-Day Moving Average is calculated to be 13.17%.
Shares Statistics:
Over the past 3-months, FYBR traded about 1.33M shares per day on average, while over the past 10 days, FYBR traded about 1348670 shares per day. A total of 245.81M shares are outstanding, with a floating share count of 180.39M. Insiders hold about 27.43% of the company’s shares, while institutions hold 84.32% stake in the company. Shares short for FYBR as of 1718323200 were 28958671 with a Short Ratio of 21.79, compared to 1715731200 on 28853741. Therefore, it implies a Short% of Shares Outstanding of 28958671 and a Short% of Float of 14.050001000000002.
