Frontier Communications Parent Inc (NASDAQ: FYBR) kicked off on Monday, down -1.34% from the previous trading daybefore settling in for the closing price of $36.44. Over the past 52 weeks, FYBR has traded in a range of $13.66-$39.21.
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A company in the Communication Services sector has dropped its sales by -7.67% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -634.48%. With a float of $186.84 million, this company’s outstanding shares have now reached $245.81 million.
In an organization with 13300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 43.79%, operating margin of 8.64%, and the pretax margin is -0.24%.
Frontier Communications Parent Inc (FYBR) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Telecom Services Industry. The insider ownership of Frontier Communications Parent Inc is 24.96%, while institutional ownership is 83.87%. The most recent insider transaction that took place on Oct 18 ’23, 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 ’23, 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.05 earnings per share (EPS), higher than consensus estimate (set at -0.07) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -634.48% per share during the next fiscal year.
Frontier Communications Parent Inc (NASDAQ: FYBR) Trading Performance Indicators
Take a look at Frontier Communications Parent Inc’s (FYBR) current performance indicators. Last quarter, stock had a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.52 in one year’s time.
Technical Analysis of Frontier Communications Parent Inc (FYBR)
Let’s dig in a bit further. During the last 5-days, its volume was 4.37 million. That was better than the volume of 1.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.31%. Additionally, its Average True Range was 1.32.
During the past 100 days, Frontier Communications Parent Inc’s (FYBR) raw stochastic average was set at 81.22%, which indicates a significant increase from 71.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 142.62% in the past 14 days, which was higher than the 61.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.30, while its 200-day Moving Average is $25.49. However, in the short run, Frontier Communications Parent Inc’s stock first resistance to watch stands at $36.38. Second resistance stands at $36.80. The third major resistance level sits at $37.03. If the price goes on to break the first support level at $35.73, it is likely to go to the next support level at $35.50. Assuming the price breaks the second support level, the third support level stands at $35.08.
Frontier Communications Parent Inc (NASDAQ: FYBR) Key Stats
The company with the Market Capitalisation of 8.95 billion has total of 248,552K Shares Outstanding. Its annual sales at the moment are 5,751 M in contrast with the sum of 29,000 K annual income. Company’s last quarter sales were recorded 1,480 M and last quarter income was -123,000 K.
