Liberty Broadband Corp (NASDAQ: LBRDK)’s stock price has decreased by -2.59 compared to its previous closing price of 57.23. However, the company has seen a -0.45% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-04 that Following its Q4/23 earnings release, Charter Communications and its major shareholder Liberty Broadband crashed 16%. Since I don’t believe fundamentals justify such a steep sell-off, the investment case for Liberty Broadband has become even more compelling. Liberty Broadband is virtually certain to outperform Charter over the long-term thanks to a 28% NAV discount and accretive buybacks.
Is It Worth Investing in Liberty Broadband Corp (NASDAQ: LBRDK) Right Now?
Liberty Broadband Corp (NASDAQ: LBRDK) has a price-to-earnings ratio of 11.84x that is above its average ratio. Additionally, the 36-month beta value for LBRDK is 0.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for LBRDK is 112.99M and currently, short sellers hold a 5.24% ratio of that float. The average trading volume of LBRDK on April 02, 2024 was 1.32M shares.
LBRDK’s Market Performance
LBRDK’s stock has seen a -0.45% decrease for the week, with a -7.36% drop in the past month and a -31.23% fall in the past quarter. The volatility ratio for the week is 2.58%, and the volatility levels for the past 30 days are at 2.90% for Liberty Broadband Corp The simple moving average for the last 20 days is -2.84% for LBRDK stock, with a simple moving average of -29.99% for the last 200 days.
LBRDK Trading at -12.37% from the 50-Day Moving Average
After a stumble in the market that brought LBRDK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.73% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares sank -7.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.20% lower at present.
During the last 5 trading sessions, LBRDK fell by -0.45%, which changed the moving average for the period of 200-days by -25.92% in comparison to the 20-day moving average, which settled at $57.15. In addition, Liberty Broadband Corp saw -30.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LBRDK starting from WARGO J DAVID, who sale 9,000 shares at the price of $56.80 back on Mar 07 ’24. After this action, WARGO J DAVID now owns 97,332 shares of Liberty Broadband Corp, valued at $511,204 using the latest closing price.
WARGO J DAVID, the Director of Liberty Broadband Corp, sale 11,000 shares at $57.33 during a trade that took place back on Mar 05 ’24, which means that WARGO J DAVID is holding 106,332 shares at $630,682 based on the most recent closing price.
Stock Fundamentals for LBRDK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.52 for the gross margin
The net margin for Liberty Broadband Corp stands at 0.7. The total capital return value is set at 0.0. Equity return is now at value 7.69, with 4.42 for asset returns.
Based on Liberty Broadband Corp (LBRDK), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 0.35.
Currently, EBITDA for the company is 1.49 billion with net debt to EBITDA at 2.47. When we switch over and look at the enterprise to sales, we see a ratio of 11.83. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
In conclusion, Liberty Broadband Corp (LBRDK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
