Frontier Communications Parent Inc (FYBR) concluded trading on Wednesday at a closing price of $38.68, with 14.97 million shares of worth about $578.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.76% during that period and on September 04, 2024 the price saw a gain of about 37.95%. Currently the company’s common shares owned by public are about 245.81M shares, out of which, 180.69M shares are available for trading.
Stock saw a price change of 33.61% in past 5 days and over the past one month there was a price change of 48.60%. Year-to-date (YTD), FYBR shares are showing a performance of 52.64% which increased to 137.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.66 but also hit the highest price of $29.83 during that period. The average intraday trading volume for Frontier Communications Parent Inc shares is 1.52 million. The stock is currently trading 36.57% above its 20-day simple moving average (SMA20), while that difference is up 40.96% for SMA50 and it goes to 55.83% higher than SMA200.
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Frontier Communications Parent Inc (NASDAQ: FYBR) currently have 245.81M outstanding shares and institutions hold larger chunk of about 83.87% of that.
The stock has a current market capitalization of $9.63B and its 3Y-monthly beta is at 1.08. It has posted earnings per share of -$0.38 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 2.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FYBR, volatility over the week remained 10.20% while standing at 4.87% over the month.
Stock’s fiscal year EPS is expected to drop by -679.86% while it is estimated to increase by 24.65% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on July 18, 2024 offering a Buy rating for the stock and assigned a target price of $33 to it. Coverage by Goldman stated Frontier Communications Parent Inc (FYBR) stock as a Buy in their note to investors on July 01, 2024, suggesting a price target of $29 for the stock. On April 15, 2024, Citigroup Upgrade their recommendations, while on April 09, 2024, BofA Securities Initiated their ratings for the stock with a price target of $30. Stock get a Neutral rating from Citigroup on July 17, 2023.
