A new trading day began on Friday, with Liberty Broadband Corp (NASDAQ: LBRDK) stock price down -0.45% from the previous day of trading, before settling in for the closing price of $80.06. LBRDK’s price has ranged from $46.46 to $94.93 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 411.16% over the past five years. Meanwhile, its annual earnings per share averaged 65.43%. With a float of $112.94 million, this company’s outstanding shares have now reached $123.70 million.
Let’s look at the performance matrix of the company that is accounted for 1900 employees. In terms of profitability, gross margin is 52.5%, operating margin of 8.46%, and the pretax margin is 105.2%.
Liberty Broadband Corp (LBRDK) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Liberty Broadband Corp is 20.93%, while institutional ownership is 82.18%. The most recent insider transaction that took place on Sep 26 ’24, was worth 167,446. In this transaction CAO/PFO of this company sold 2,208 shares at a rate of $75.84, taking the stock ownership to the 11,054 shares. Before that another transaction happened on Sep 25 ’24, when Company’s Chief Legal/Admin Officer sold 4,423 for $76.56, making the entire transaction worth $338,625. This insider now owns 3,670 shares in total.
Liberty Broadband Corp (LBRDK) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.1 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 65.43% per share during the next fiscal year.
Liberty Broadband Corp (NASDAQ: LBRDK) Trading Performance Indicators
Here are Liberty Broadband Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.58, a number that is poised to hit 2.11 in the next quarter and is forecasted to reach 8.33 in one year’s time.
Technical Analysis of Liberty Broadband Corp (LBRDK)
Liberty Broadband Corp (NASDAQ: LBRDK) saw its 5-day average volume 0.86 million, a negative change from its year-to-date volume of 1.16 million. As of the previous 9 days, the stock’s Stochastic %D was 60.79%. Additionally, its Average True Range was 2.22.
During the past 100 days, Liberty Broadband Corp’s (LBRDK) raw stochastic average was set at 92.78%, which indicates a significant increase from 59.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.39% in the past 14 days, which was lower than the 49.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.14, while its 200-day Moving Average is $60.93. Nevertheless, the first resistance level for the watch stands at $80.66 in the near term. At $81.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.43. If the price goes on to break the first support level at $78.89, it is likely to go to the next support level at $78.09. The third support level lies at $77.12 if the price breaches the second support level.
Liberty Broadband Corp (NASDAQ: LBRDK) Key Stats
With a market capitalization of 11.39 billion, the company has a total of 142,848K Shares Outstanding. Currently, annual sales are 981,000 K while annual income is 688,000 K. The company’s previous quarter sales were 246,000 K while its latest quarter income was 195,000 K.
