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Tuesday, June 6, 2023

The Street Is Finally Waking Up To Liberty Broadband Corporation (NASDAQ: LBRDK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Liberty Broadband Corporation (LBRDK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.85, or -2.20%, to $82.36. The Liberty Broadband Corporation has recorded 13,068 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Liberty Broadband Corporation Announces First Quarter Earnings Release and Conference Call.

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Stocks Info

Liberty Broadband Corporation is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $84.21 and fluctuated between $86.30 as its day high and $83.93 as its day low. The current market capitalization of Liberty Broadband Corporation is $12.30B. A total of 0.87 million shares were traded on the day, compared to an average of 780.59K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LBRDK has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 11,042 and the disposition of 6,914 shares. Over the last 12 months, there were 9 BUYs and 8 SELLs from insiders. Insiders purchased 291,879 shares during that period but sold 279,837.

In the most recent transaction, Wendling Brian J sold 3,210 shares of LBRDK for 95.00 per share on Feb 02. After the transaction, the CAO/PFO now owns 11,368 company shares. In a previous transaction on Nov 23, Green Richard R sold 3,270 shares at 90.79 per share. LBRDK shares that Director owns now total 8,814.

Among the insiders who sold shares, MALONE JOHN C disposed of 10 shares on Jun 14 at a per-share price of $25.87. This resulted in the Director holding 0 shares of LBRDK after the transaction. In another insider transaction, WARGO J DAVID bought 300 shares at $110.76 per share on May 10. Company shares held by the Director now total 32,214.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LBRDK in the last 3 months, the mean price target is $136.00 with high estimates of $152.00 and low estimates of $120.00. In terms of 52-week highs and lows, LBRDK has a high of $126.62 and a low of $68.67.

As of this writing, LBRDK has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $1.28 per share and a lower estimate of $1.28. The company reported an EPS of $2.05 in the last quarter, which was 20.60% higher than expectations of $1.7.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LBRDK’s latest balance sheet shows that the firm has $191.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.85B in debt and $582.00M in liabilities at the time. Its Book Value Per Share was $57.87, while its Total Shareholder’s Equity was $10.14B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LBRDK is Overweight with a score of 4.33. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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