Frontier Communications Parent Inc (NASDAQ: FYBR) is 36.94% higher on its value in year-to-date trading and has touched a low of $20.42 and a high of $39.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FYBR stock was last observed hovering at around $34.75 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $34.70, the stock is -1.37% and -2.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing -0.14% at the moment leaves the stock 22.98% off its SMA200. FYBR registered 62.61% gain for a year compared to 6-month gain of 30.80%. The firm has a 50-day simple moving average (SMA 50) of $35.4453 and a 200-day simple moving average (SMA200) of $28.163675.
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The stock witnessed a -2.39% loss in the last 1 month and extending the period to 3 months gives it a 25.18%, and is 0.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.52% over the week and 1.23% over the month.
Frontier Communications Parent Inc (FYBR) has around 13300 employees, a market worth around $8.64B and $5.86B in sales. Profit margin for the company is -3.19%. Distance from 52-week low is 69.93% and -11.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.13%).
The EPS is expected to shrink by -896.51% this year
446.0 institutions hold shares in Frontier Communications Parent Inc (FYBR), with institutional investors hold 98.00% of the company’s shares. The shares outstanding are 245.81M, and float is at 187.21M with Short Float at 3.31%. Institutions hold 96.75% of the Float.
The top institutional shareholder in the company is ARES MANAGEMENT LLC with over 38.91 million shares valued at $1.02 billion. The investor’s holdings represent 15.7989 of the FYBR Shares outstanding. As of 2024-06-30, the second largest holder is GLENDON CAPITAL MANAGEMENT LP with 24.22 million shares valued at $633.97 million to account for 9.8318 of the shares outstanding. The other top investors are CERBERUS CAPITAL MANAGEMENT, L.P. which holds 24.18 million shares representing 9.8191 and valued at over $633.15 million, while VANGUARD GROUP INC holds 9.7652 of the shares totaling 24.05 million with a market value of $629.68 million.
Frontier Communications Parent Inc (FYBR) Insider Activity
Still, SEC filings show that on Nov 20 ’24, ACOF VI Frontier AIV B1, L.P (10% Owner) Proposed Sale 162,638 shares at an average price of $34.69 for $5.64 million. The insider now directly holds shares of Frontier Communications Parent Inc (FYBR).
