Currently, there are 245.81M common shares owned by the public and among those 179.98M shares have been available to trade.
Insiders at the company have transacted a total of 116 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 101 of these insider trades were purchases, accounting for 14,226,795 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 215,015 shares.
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The company’s stock has a 5-day price change of 9.24% and 15.87% over the past three months. FYBR shares are trading -4.34% year to date (YTD), with the 12-month market performance down to -13.43% lower. It has a 12-month low price of $11.65 and touched a high of $28.28 over the same period. FYBR has an average intraday trading volume of 1.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.04%, 2.38%, and 28.01% respectively.
Institutional ownership of Frontier Communications Parent Inc (NASDAQ: FYBR) shares accounts for 84.42% of the company’s 245.81M shares outstanding.
It has a market capitalization of $5.96B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 207.89, while the earnings-per-share (ttm) stands at $0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.20% over the week and 3.94% over the month.
Analysts forecast that Frontier Communications Parent Inc (FYBR) will achieve an EPS of -$0.09 for the current quarter, -$0.09 for the next quarter and -$0.79 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of $0.17. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -320.38%, and 23.44% over the next financial year.
Looking at the support for the FYBR, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on July 17, 2023, with the firm’s price target at $30-$17. Wolfe Research coverage for the Frontier Communications Parent Inc (FYBR) stock in a research note released on June 27, 2023 offered a Outperform rating with a price target of $27. Morgan Stanley was of a view on March 27, 2023 that the stock is Underweight, while Raymond James gave the stock Strong Buy rating on February 27, 2023, issuing a price target of $37. Credit Suisse on their part issued Neutral rating on September 09, 2022.
