Frontier Communications Parent Inc (NASDAQ:FYBR) stock is trading 98.88 percent above its 52-week low

Citigroup lowered the price target for the Frontier Communications Parent Inc (NASDAQ:FYBR) stock from “a Buy” to “a Neutral”. The rating was released on July 17, 2023, according to finviz. The research report from Morgan Stanley has downgraded the stock from Equal-Weight to Underweight, with a price target set at $19. The stock was upgraded by Raymond James, who disclosed in a research note on February 27, 2023, from Outperform to Strong Buy and set the price objective to $37. In their research brief published September 09, 2022, Credit Suisse analysts initiated the Frontier Communications Parent Inc stock to Neutral with a price target of $25.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.07 during the last quarter as opposed to a consensus estimate of -$0.1, which indicates the company beat its estimate by $0.17, which implies that the company surprised the market by 170.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is -$0.11. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $0.04 and the low earnings per share estimate is -$0.23. According to 7 analyst estimates, an average revenue estimate of $1.44B is projected for the current quarter with a high revenue estimate of $1.45B and a low estimate of $1.42B.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -2.44% within the last five trades and -2.73% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 48.05% in the last 6 months and -8.56% was subtracted to its value over the previous 3 months. FYBR stock is trading at a margin of -3.36%, -2.14% and 16.79% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, FYBR deals in the Communication Services domain. The stock is trading -10.51 percent below its 52-week high and 98.88 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 13.66. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Frontier Communications Parent Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 9.82 percent and the profit margin is 0.50 percent, and the company has reported a gross margin of 38.45 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $5.70 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Frontier Communications Parent Inc (NASDAQ:FYBR) is 198.71. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.99 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.08, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 27.88 percent of Frontier Communications Parent Inc shares are owned by insiders, and 84.41 percent are held by financial institutions. ARES MANAGEMENT LLC, the 10% Owner at Frontier Communications Parent Inc (FYBR) has bought 150,000 shares of firm on Oct 18 ’23 at a price of $18.93 against the total amount of $2.84 million. In another inside trade, ARES MANAGEMENT LLC, 10% Owner of Frontier Communications Parent Inc (NASDAQ:FYBR) bought 150,000 shares of the firm on Oct 18 ’23 for a total worth of $2.84 million at a price of $18.93. An inside trade which took place on Oct 18 ’23, 10% Owner of Frontier Communications Parent Inc ARES MANAGEMENT LLC bought 150,000 shares of firm against total price of $2.84 million at the cost of $18.93 per share.

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