In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Frontier Communications Parent Inc (NASDAQ: FYBR) closed the day trading at $23.34 up 0.86% from the previous closing price of $23.14. In other words, the price has increased by $0.86 from its previous closing price. On the day, 1.49 million shares were traded. FYBR stock price reached its highest trading level at $23.98 during the session, while it also had its lowest trading level at $22.8.
Ratios:
For a better understanding of FYBR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 2.19 whereas as Long-Term Debt/Eq ratio is at 2.17.
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 5801016832 and an Enterprise Value of 15465415680. As of this moment, Frontier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 200.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 2.689 whereas that against EBITDA is 7.065.
Stock Price History:
The Beta on a monthly basis for FYBR is 1.06, which has changed by 0.0865922 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, FYBR has reached a high of $25.89, while it has fallen to a 52-week low of $11.65. The 50-Day Moving Average of the stock is -0.48%, while the 200-Day Moving Average is calculated to be 14.04%.
Shares Statistics:
Over the past 3-months, FYBR traded about 1.63M shares per day on average, while over the past 10 days, FYBR traded about 1368290 shares per day. A total of 245.81M shares are outstanding, with a floating share count of 177.88M. Insiders hold about 27.64% of the company’s shares, while institutions hold 84.39% stake in the company. Shares short for FYBR as of 1713139200 were 28993371 with a Short Ratio of 17.83, compared to 1710460800 on 26656546. Therefore, it implies a Short% of Shares Outstanding of 28993371 and a Short% of Float of 14.069999999999999.
Earnings Estimates
Its stock is currently analyzed by 9.0 different market analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of $0.26 and a low estimate of -$0.23, while EPS last year was $0.01. The consensus estimate for the next quarter is -$0.1, with high estimates of $0.13 and low estimates of -$0.24.
Analysts are recommending an EPS of between $0.53 and -$0.96 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.43, with 10.0 analysts recommending between $0.61 and -$1.36.
Revenue Estimates
9 analysts predict $1.44B in revenue for the current quarter. It ranges from a high estimate of $1.45B to a low estimate of $1.42B. As of the current estimate, Frontier Communications Parent Inc’s year-ago sales were $1.44BFor the next quarter, 9 analysts are estimating revenue of $1.44B. There is a high estimate of $1.45B for the next quarter, whereas the lowest estimate is $1.43B.
A total of 11 analysts have provided revenue estimates for FYBR’s current fiscal year. The highest revenue estimate was $5.83B, while the lowest revenue estimate was $5.72B, resulting in an average revenue estimate of $5.78B. In the same quarter a year ago, actual revenue was $5.75BBased on 11 analysts’ estimates, the company’s revenue will be $5.88B in the next fiscal year. The high estimate is $5.94B and the low estimate is $5.79B.
