With over 0.49 million Liberty Broadband Corp (LBRDK) shares trading Friday and a closing price of $76.41 on the day, the dollar volume was approximately $37.37 million. The shares have shown a negative half year performance of -7.11% and its price on 01/12/24 lost nearly -0.38%. Currently, there are 125.96M common shares owned by the public and among those 116.11M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for LBRDK have a consensus price objective of $110.55. The analysts have set the share’s price value over the next 12 months at a high of $143.00 and a low of $66.00. The average price target is 30.88% above its recent price level and a downside to the estimated low will see the stock lose -15.77% over that period. But an upside of 46.57% will see the stock hit the forecast high price target while median target price for the stock is $108.00.
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Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 75,860 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 17,485 shares.
Shares of Liberty Broadband Corp (NASDAQ: LBRDK) opened at $77.30, up $0.6 from a prior closing price of $76.70. However, the script later moved the day high at 77.30, down -0.38%. The company’s stock has a 5-day price change of -0.78% and -17.47% over the past three months. LBRDK shares are trading -5.19% year to date (YTD), with the 12-month market performance down to -11.73% lower. It has a 12-month low price of $70.36 and touched a high of $96.88 over the same period. LBRDK has an average intraday trading volume of 922.77K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.66%, -5.20%, and -8.20% respectively.
Institutional ownership of Liberty Broadband Corp (NASDAQ: LBRDK) shares accounts for 79.25% of the company’s 125.96M shares outstanding.
It has a market capitalization of $11.16B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 16.98, while the earnings-per-share (ttm) stands at $4.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.88% over the week and 2.35% over the month.
Analysts forecast that Liberty Broadband Corp (LBRDK) will achieve an EPS of $2.34 for the current quarter, $1.55 for the next quarter and $8.5 for 2024. The lowest estimate earnings-per-share for the quarter is $1.69 while analysts give the company a high EPS estimate of $2.72. Comparatively, EPS for the current quarter was $2.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.81%, and 37.44% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Liberty Broadband Corp (LBRDK) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”
