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Friday, September 29, 2023

Investors’ Patience Is Being Tested Right Now By 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 same, with the stock’s consolidated last price remained same to $93.43. The Liberty Broadband Corporation has recorded 28,870 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Liberty Broadband Corporation to Present at Goldman Sachs Communacopia & Technology Conference.

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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 $93.43 and fluctuated between $93.93 as its day high and $92.09 as its day low. The current market capitalization of Liberty Broadband Corporation is $13.66B. A total of 0.71 million shares were traded on the day, compared to an average of 780.24K 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 8 SELLs from insiders. Insiders purchased 87,043 shares during that period but sold 75,001.

In the most recent transaction, MAFFEI GREGORY B sold 1,135 shares of LBRDK for 92.02 per share on Aug 16. After the transaction, the President/CEO now owns 0 company shares. In a previous transaction on May 11, Wendling Brian J sold 6,419 shares at 77.59 per share. LBRDK shares that CAO/PFO owns now total 12,274.

Among the insiders who sold shares, Wendling Brian J disposed of 3,210 shares on Feb 02 at a per-share price of $95.00. This resulted in the CAO/PFO holding 11,368 shares of LBRDK after the transaction. In another insider transaction, Green Richard R sold 3,270 shares at $90.79 per share on Nov 23. Company shares held by the Director now total 8,814.

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 $126.71 with high estimates of $144.00 and low estimates of $109.00. In terms of 52-week highs and lows, LBRDK has a high of $96.88 and a low of $68.67.

As of this writing, LBRDK has an earnings estimate of $2.1 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $2.42 per share and a lower estimate of $1.69. The company reported an EPS of $0.47 in the last quarter, which was -63.30% lower than expectations of $1.28.

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 $60.32, 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, 0 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 Buy with a score of 4.50.

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