At the time of writing, Frontier Communications Parent Inc [FYBR] stock is trading at $35.42, down -0.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FYBR shares have lost -0.84% over the last week, with a monthly amount drifted -8.43%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Frontier Communications Parent Inc [NASDAQ: FYBR] stock has seen the most recent analyst activity on September 30, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, JP Morgan downgraded its rating to Neutral on September 17, 2024, and elevated its price target to $38.50. On July 18, 2024, UBS initiated with a Buy rating and assigned a price target of $33 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $29 on July 01, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $30 on April 15, 2024. BofA Securities started tracking with a Buy rating for this stock on April 09, 2024, and assigned it a price target of $30. In a note dated July 17, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $30 to $17.
For the past year, the stock price of Frontier Communications Parent Inc fluctuated between $13.66 and $39.21. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Frontier Communications Parent Inc [NASDAQ: FYBR] shares were valued at $35.42 at the most recent close of the market. An investor can expect a potential drop of -6.83% based on the average FYBR price forecast.
Analyzing the FYBR fundamentals
According to Frontier Communications Parent Inc [NASDAQ:FYBR], the company’s sales were 5.80B for trailing twelve months, which represents an 2.14% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.35 points at the first support level, and at 35.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.49, and for the 2nd resistance point, it is at 35.57.
Ratios To Look Out For
It is important to note that Frontier Communications Parent Inc [NASDAQ:FYBR] has a current ratio of 0.87. In addition, the Quick Ratio stands at 0.87 and the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 1.72.
Transactions by insiders
Recent insider trading involved ARES MANAGEMENT LLC, 10% Owner, that happened on Oct 18 ’23 when 0.15 million shares were purchased. 10% Owner, ARES MANAGEMENT LLC completed a deal on Oct 18 ’23 to buy 0.15 million shares. Meanwhile, 10% Owner ARES MANAGEMENT LLC bought 0.15 million shares on Oct 18 ’23.
