Frontier Communications Parent Inc [NASDAQ: FYBR] traded at a low on Wednesday, posting a -0.06 loss after which it closed the day’ session at $35.51.
The results of the trading session contributed to over 3291869 shares changing hands. Over the past one week, the price volatility of Frontier Communications Parent Inc stands at 0.67% while the volatility over the past one month is 0.50%.
The market cap for FYBR stock reached $8.84 billion, with 249.01 million shares outstanding and 204.57 million shares in the current float. Compared to the average trading volume of 3.21M shares, FYBR reached a trading volume of 3291869 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Frontier Communications Parent Inc [FYBR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FYBR shares is $38.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FYBR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Frontier Communications Parent Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 06, 2024. The new note on the price target was released on October 28, 2024, representing the official price target for Frontier Communications Parent Inc stock.
The Average True Range (ATR) for Frontier Communications Parent Inc is set at 0.21, with the Price to Sales ratio for FYBR stock in the period of the last 12 months amounting to 1.51. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 5.30.
How has FYBR stock performed recently?
Frontier Communications Parent Inc [FYBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.97. With this latest performance, FYBR shares gained by 2.45% in over the last four-week period, additionally plugging by 26.46% over the last 6 months – not to mention a rise of 54.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FYBR stock in for the last two-week period is set at 66.85, with the RSI for the last a single of trading hit 72.23, and the three-weeks RSI is set at 62.08 for Frontier Communications Parent Inc [FYBR]. The present Moving Average for the last 50 days of trading for this stock 34.84, while it was recorded at 35.36 for the last single week of trading, and 30.27 for the last 200 days.
Frontier Communications Parent Inc [FYBR]: Deeper insight into the fundamentals
Frontier Communications Parent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 0.77.
Insider trade positions for Frontier Communications Parent Inc [FYBR]
There are presently around $89.42%, or 90.68%% of FYBR stock, in the hands of institutional investors. The top three institutional holders of FYBR stocks are: ARES MANAGEMENT LLC with ownership of 38.91 million shares, which is approximately 15.7989%. GLENDON CAPITAL MANAGEMENT LP, holding 24.22 million shares of the stock with an approximate value of $$633.97 million in FYBR stocks shares; and GLENDON CAPITAL MANAGEMENT LP, currently with $$633.15 million in FYBR stock with ownership which is approximately 9.8191%.
