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Wednesday, December 6, 2023

Frontdoor Inc. (FTDR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Frontdoor Inc. (FTDR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.43, or 1.23%, to $35.50. The Frontdoor Inc. has recorded 672,725 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Frontdoor Showcased to Real Estate Community at T3 Technology Summit.

Stocks Info

This NASDAQ-listed company operates within the Personal Services industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $35.07 and fluctuated between $35.11 as its day high and $33.67 as its day low. The current market capitalization of Frontdoor Inc. is $2.79B. A total of 1.28 million shares were traded on the day, compared to an average of 692.04K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FTDR has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 3,800 shares. Over the last 12 months, there were 15 BUYs and 11 SELLs from insiders. Insiders purchased 71,750 shares during that period but sold 19,958.

In the most recent transaction, Fiarman Jeffrey sold 1,743 shares of FTDR for 32.74 per share on Aug 28. After the transaction, the SVP & General Counsel now owns 18,419 company shares. In a previous transaction on Aug 22, Fiarman Jeffrey sold 100 shares at 32.70 per share. FTDR shares that SVP & General Counsel owns now total 20,162.

Among the insiders who sold shares, Fiarman Jeffrey disposed of 1,957 shares on Aug 21 at a per-share price of $32.72. This resulted in the SVP & General Counsel holding 20,262 shares of FTDR after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FTDR has a high of $38.97 and a low of $19.06.

As of this writing, FTDR has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.48. The company reported an EPS of $0.29 in the last quarter, which was 262.50% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FTDR’s latest balance sheet shows that the firm has $262.00M in Cash & Short Term Investments as of fiscal 2021. There were $644.00M in debt and $378.00M in liabilities at the time. Its Book Value Per Share was $2.15, while its Total Shareholder’s Equity was $3.00M.

Analysts Opinion

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. 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 FTDR is Buy with a score of 3.57.

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