The stock of Frontdoor Inc. (NASDAQ: FTDR) has increased by 6.64 when compared to last closing price of 30.76. Despite this, the company has experienced a 6.88% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that The headline numbers for Frontdoor (FTDR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Frontdoor Inc. (NASDAQ: FTDR) Right Now?
The price-to-earnings ratio for Frontdoor Inc. (NASDAQ: FTDR) is above average at 15.57x. The 36-month beta value for FTDR is also noteworthy at 0.99. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FTDR is 78.08M, and at present, short sellers hold a 3.69% of that float. The average trading volume of FTDR on May 02, 2024 was 798.16K shares.
FTDR’s Market Performance
FTDR stock saw an increase of 6.88% in the past week, with a monthly gain of 4.73% and a quarterly increase of -1.11%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 1.88% for Frontdoor Inc. (FTDR). The simple moving average for the past 20 days is 7.20% for FTDR’s stock, with a 0.39% simple moving average for the past 200 days.
Analysts’ Opinion of FTDR
Many brokerage firms have already submitted their reports for FTDR stocks, with Truist repeating the rating for FTDR by listing it as a “Buy.” The predicted price for FTDR in the upcoming period, according to Truist is $42 based on the research report published on October 06, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see FTDR reach a price target of $38, previously predicting the price at $30. The rating they have provided for FTDR stocks is “Overweight” according to the report published on May 04th, 2023.
FTDR Trading at 5.16% from the 50-Day Moving Average
After a stumble in the market that brought FTDR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.83% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.98% lower at present.
During the last 5 trading sessions, FTDR rose by +4.95%, which changed the moving average for the period of 200-days by -6.80% in comparison to the 20-day moving average, which settled at $30.67. In addition, Frontdoor Inc. saw -6.86% 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 FTDR starting from Fiarman Jeffrey, who sale 4,250 shares at the price of $35.63 back on Nov 07 ’23. After this action, Fiarman Jeffrey now owns 14,169 shares of Frontdoor Inc., valued at $151,415 using the latest closing price.
Fiarman Jeffrey, the SVP & General Counsel of Frontdoor Inc., sale 1,743 shares at $32.74 during a trade that took place back on Aug 28 ’23, which means that Fiarman Jeffrey is holding 18,419 shares at $57,066 based on the most recent closing price.
Stock Fundamentals for FTDR
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.5 for the gross margin
The net margin for Frontdoor Inc. stands at 0.1. The total capital return value is set at 0.36. Equity return is now at value 173.60, with 15.75 for asset returns.
Based on Frontdoor Inc. (FTDR), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 4.45. The interest coverage ratio of the stock is 6.83.
Currently, EBITDA for the company is 322.0 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 296.17for trailing twelve months and the total asset turnover is 1.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In summary, Frontdoor Inc. (FTDR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
