Liberty Broadband Corp (NASDAQ:LBRDK) shares, rose in value on Friday, March 07, with the stock price down by -0.30% to the previous day’s close as strong demand from buyers drove the stock to $87.13.
Actively observing the price movement in the last trading, the stock closed the session at $87.39. The PE ratio was 14.34 over 12-month period. Referring to stock’s 52-week performance, its high was $101.50, and the low was $46.46. On the whole, LBRDK has fluctuated by 12.97% over the past month.
With the market capitalization of Liberty Broadband Corp currently standing at about $12.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.02B, with a low estimate of 249.5M and a high estimate of 249.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 249.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LBRDK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of LBRDK currently trading nearly 6.49% and 10.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.90, while the 7-day volatility ratio is showing 3.82% which for the 30-day chart, stands at 2.76%. Furthermore, Liberty Broadband Corp (LBRDK)’s beta value is 1.05, and its average true range (ATR) is 2.42.
A comparison of Liberty Broadband Corp (LBRDK) with its peers suggests the former has fared considerably weaker in the market. LBRDK showed an intraday change of -0.30% in last session, and over the past year, it grew by 52.33%%.
Data on historical trading for Liberty Broadband Corp (NASDAQ:LBRDK) indicates that the trading volumes over the past 3 months, they’ve averaged 879.05K. According to company’s latest data on outstanding shares, there are 123.02 million shares outstanding.
Nearly 20.70% of Liberty Broadband Corp’s shares belong to company insiders and institutional investors own 80.77% of the company’s shares. The stock has risen by 16.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LBRDK stock heading into the next quarter.
