A new trading day began on Tuesday, with Frontier Communications Parent Inc (NASDAQ: FYBR) stock price down -0.45% from the previous day of trading, before settling in for the closing price of $35.71. FYBR’s price has ranged from $16.29 to $39.21 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged -646.28%. With a float of $187.20 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
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 Frontier Communications Parent Inc is 24.82%, while institutional ownership is 83.76%.
Frontier Communications Parent Inc (FYBR) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.05 per share, which was $0.1 higher 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 -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -646.28% per share during the next fiscal year.
Frontier Communications Parent Inc (NASDAQ: FYBR) Trading Performance Indicators
Here are Frontier Communications Parent Inc’s current performance indicators. According to the last quarter’s results, the 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 1.53.
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 -0.57 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 3.03 million. That was better than the volume of 2.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.92%. Additionally, its Average True Range was 0.46.
During the past 100 days, Frontier Communications Parent Inc’s (FYBR) raw stochastic average was set at 75.24%, which indicates a significant increase from 39.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.04% in the past 14 days, which was lower than the 59.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.51, while its 200-day Moving Average is $27.02. However, in the short run, Frontier Communications Parent Inc’s stock first resistance to watch stands at $35.80. Second resistance stands at $36.04. The third major resistance level sits at $36.29. If the price goes on to break the first support level at $35.31, it is likely to go to the next support level at $35.06. Assuming the price breaks the second support level, the third support level stands at $34.82.
Frontier Communications Parent Inc (NASDAQ: FYBR) Key Stats
With a market capitalization of 8.85 billion, the company has a total of 248,552K Shares Outstanding. Currently, annual sales are 5,751 M while annual income is 29,000 K. The company’s previous quarter sales were 1,480 M while its latest quarter income was -123,000 K.
