Frontier Communications Corporation (NASDAQ:FTR), with a trailing 12-month price-to-sales ratio of 0.02, is now among the bigger bargains in its industry. The broad Telecommunications Equipment industry has an average P/S ratio of 3.34, which is significantly worse than the sector’s 2.99. In the past 13-year record, this ratio went down as low as 0.02 and as high as 1.75. Also, it is up from 99% of the total 405 rivals across the globe.
FTR traded at an unexpectedly low level on 02/07/2019 when the stock experienced a -3.52% loss to a closing price of $1.92. The company saw 5397678 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 5426900 shares a day, this signifies a pretty significant change over the norm.Frontier Communications Corporation (FTR) Analyst Gushes
Analysts are speculating a 681.25% move, based on the high target price ($15) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $4.52 price target, but the stock is already up 6.08% from its recent lows. However, the stock is trading at -83.5% versus recent highs ($11.64). Analysts believe that we could see stock price minimum in the $1.5 range (lowest target price), allowing for another -21.88% drop from its current position. Leading up to this report, we have seen a -31.91% fall in the stock price over the last 30 days and a -61.68% decline over the past 3 months. Overall, the share price is down -19.33% so far this year.Frontier Communications Corporation (FTR) Price Potential
Heading into the stock price potential, Frontier Communications Corporation needs to grow just 134.38% to cross its median price target of $4.5. In order to determine directional movement, the 50-day and 200-day moving averages for Frontier Communications Corporation (NASDAQ:FTR) are $2.32 and $4.36. Given that liquidity is king in short-term, FTR is a stock with 111.97 million shares outstanding that normally trades 39.92% of its float. The stock price recently experienced a 5-day loss of -4% with 0.19 average true range (ATR). FTR has a beta of 1.1 and RSI is 32.06.
Investors also need to beware of the Office Depot, Inc. (NASDAQ:ODP) valuations. The stock trades on a P/S of 0.15, which suggests that the shares are attractive compared with peers. The broad Other Specialty Stores industry has an average P/S ratio of 2.23, which is significantly better than the sector’s 127.06. In the past 13-year record, this ratio went down as low as 0.01 and as high as 0.33. Also, it is up from 91% of the total 951 rivals across the globe.Office Depot, Inc. (ODP)’s Lead Over its Technicals
Office Depot, Inc. by far traveled 56.5% versus a 1-year low price of $2. The share price was last seen 1.29% higher, reaching at $3.13 on Feb. 07, 2019. At recent session, the prices were hovering between $3.02 and $3.15. This company shares are 9.58% off its target price of $3.43 and the current market capitalization stands at $1.68B. The recent change has given its price a 9.12% lead over SMA 50 and -13.77% deficit over its 52-week high. The stock witnessed 11.39% gains, 16.79% gains and 9.44% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ODP’s volatility during a week at 3.34% and during a month it has been found around 3.55%.Office Depot, Inc. (NASDAQ:ODP) Intraday Metrics
Office Depot, Inc. (ODP) exchanged hands at an unexpectedly high level of 3852252 shares over the course of the day. Noting its average daily volume at 3433240 shares each day over the month, this signifies a pretty significant change over the norm.Office Depot, Inc. Target Levels
The market experts are predicting a 27.8% rally, based on the high target price ($4) for Office Depot, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $2.3 range (lowest target price). If faced, it would be a -26.52% drop from its current position. Overall, the share price is up 21.32% year to date.