Following The Money: Institution’s Growing Stake In Frontier Communications Parent Inc (NASDAQ: FYBR)

Frontier Communications Parent Inc (FYBR) concluded trading on Wednesday at a closing price of $36.48, with 12.36 million shares of worth about $450.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.83% during that period and on Wednesday the price saw a loss of about -0.36%. Currently the company’s common shares owned by public are about 250.23M shares, out of which, 235.11M shares are available for trading.

Stock saw a price change of -0.95% in past 5 days and over the past one month there was a price change of 0.63%. Year-to-date (YTD), FYBR shares are showing a performance of 5.13% which increased to 39.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.43 but also hit the highest price of $39.21 during that period. The average intraday trading volume for Frontier Communications Parent Inc shares is 3.13 million. The stock is currently trading -0.24% below its 20-day simple moving average (SMA20), while that difference is up 0.84% for SMA50 and it goes to 4.20% higher than SMA200.

Frontier Communications Parent Inc (NASDAQ: FYBR) currently have 250.23M outstanding shares and institutions hold larger chunk of about 86.31% of that.

The stock has a current market capitalization of $9.13B and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 0.42 while making debt-to-equity ratio of 2.39. 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 0.20% while standing at 0.21% over the month.

Stock’s fiscal year EPS is expected to rise by 16.10% while it is estimated to increase by 20.48% in next year. EPS is likely to shrink at an annualized rate of 28.77% for next 5-years, compared to annual growth of 53.04% made by the stock over the past 5-years.

Stock get a Peer perform rating from Wolfe Research on September 30, 2024.

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