Let’s look at the key reasons that are pushing Frontier Communications Parent Inc (FYBR) to new highs

On Friday, Frontier Communications Parent Inc (NASDAQ: FYBR) trading session started at the price of On Friday, that was 22.58% up from the session before settling in for the closing price of $35.65. A 52-week range for FYBR has been $11.65 – $29.64.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Communication Services sector was -9.43%. When this article was written, the company’s average yearly earnings per share was at -94.22%. With a float of $179.48 million, this company’s outstanding shares have now reached $245.02 million.

Frontier Communications Parent Inc (FYBR) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Frontier Communications Parent Inc stocks. The insider ownership of Frontier Communications Parent Inc is 26.98%, while institutional ownership is 85.66%. The most recent insider transaction that took place on Oct 18, was worth 2,838,930. In this transaction 10% Owner of this company bought 150,000 shares at a rate of $18.93, taking the stock ownership to the 38,912,895 shares. Before that another transaction happened on Oct 18, when Company’s 10% Owner bought 150,000 for $18.93, making the entire transaction worth $2,838,930. This insider now owns 38,912,895 shares in total.

Frontier Communications Parent Inc (FYBR) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.05 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.07) by $0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -94.22% per share during the next fiscal year.

Frontier Communications Parent Inc (NASDAQ: FYBR) Trading Performance Indicators

You can see what Frontier Communications Parent Inc (FYBR) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.68, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach -0.30 in one year’s time.

Technical Analysis of Frontier Communications Parent Inc (FYBR)

Compared to the last year’s volume of 1.67 million, its volume of 1.79 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.59%. Additionally, its Average True Range was 0.91.

During the past 100 days, Frontier Communications Parent Inc’s (FYBR) raw stochastic average was set at 72.92%, which indicates a significant increase from 1.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.85% in the past 14 days, which was lower than the 53.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $23.76, while its 200-day Moving Average is $18.90. Nevertheless, the first resistance level for the watch stands at $23.19 in the near term. At $23.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.14. If the price goes on to break the first support level at $22.24, it is likely to go to the next support level at $21.91. Now, if the price goes above the second support level, the third support stands at $21.29.

Frontier Communications Parent Inc (NASDAQ: FYBR) Key Stats

There are 245,789K outstanding shares of the company, which has a market capitalization of 5.55 billion. As of now, sales total 5,787 M while income totals 441,000 K. Its latest quarter income was 1,436 M while its last quarter net income were 11,000 K.