Frontier Communications Corporation (NASDAQ:FTR) recorded -17.65% downtrend from the beginning of this year till date. The 12-month potential price target for Frontier Communications Corporation is set at $4.62. This target means that the stock has an upside potential to increase by 135.71% from the current trading price. The stock of FTR went up by $0.04 now trading at $1.96. Their shares witnessed a 8.29% increase from the 52-week low price of $1.81 they recorded on 2019-01-30. Even though it is still -493.88% behind the $11.64 high touched on 2018-05-07. The last few days have been rough for the stock, as its price has decreased by -4.39% during the week. It has also performed poorly over the past three months, as it lost around -62.74% while it has so far retreated around -74.45% during the course of a year.
When giving their opinion, around 7.69% of Wall Street analysts, which represents 1 out of 13 rated the stock as a Buy. 5 brokerage firms of the remaining 38.46% rated the stock as a Hold with 7 analyst rating it as a sell. Overall, the number of aggregate FTR shares held by institutional investors represents 72.2% of total shares. 46 institutions entered new Frontier Communications Corporation (NASDAQ:FTR) positions, 139 added to their existing positions in these shares, 162 lowered their positions, and 73 exited their positions entirely.
Frontier Communications Corporation (FTR) trade volume has increased by 19.72% as around 4,467,549 shares were sold when compared with its 50-day average volume of traded shares which is 3,731,574. At the moment, FTR is witnessing a downtrend, as it is trading -12.48% below its 20-day SMA, -24.19% below its 50-day SMA, and -63.09% below its 200-day SMA. The company runs an ROE of roughly -71.6%, with financial analysts predicting that their earnings per share growth will be around 7.3% per annum for the next five year. This will be compared to the -39.4% decrease witnessed over the past five years.
The first technical resistance point for Frontier Communications Corporation (NASDAQ:FTR) will likely come at $2, marking a 2% premium to the current level. The second resistance point is at $2.04, about 3.92% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $1.86, the lower end of the range. FTR’s 14-day MACD is -0.08 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 35.76, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 63.06 percent, which is low when compared to that of the 50-day’s 68.21 percent.
The shares of Mohawk Industries, Inc. (NYSE:MHK) has increased by 5.91%, and now trading at $135.78 on the Wall Street in the intra-day deal, with their shares traded now around 3,796,103. This is a rise of 2,696,701 shares over the average 1,099,402 shares that were traded daily over the last three months. The stock that is trading at $135.78 went higher by 24.17% from its 52-week low of $109.35 that it attained back on 2018-12-26. The stock recorded a 52-week high of $261.49 nearly 367 days ago on 2018-02-09.
MHK stock has performed well over the past 30 days, as it added 6.57% while its price climbed by 16.09% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 5.44% over the last week. The stock’s 12-month potential target price is now at $140.18. This means that the stock price might likely increase by 3.24% from its current trading price.8 out of 20 Wall Street analysts which represents 40% rated the stock as a buy while the remaining 40 rated it as a hold, with 20 of analysts rating it as a sell.
Mohawk Industries, Inc. (NYSE:MHK) has been utilizing an ROE that is roughly 12.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 1.57% per year, following the 30.3% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 7.29% above its 20-day SMA, 10.4% above its 50-day SMA, and -20.66% below its 200-day SMA. In percentage terms, the aggregate Mohawk Industries, Inc. shares held by institutional investors is 82.3%. 82 institutions jumped in to acquire Mohawk Industries, Inc. (MHK) fresh stake, 264 added to their current holdings in these shares, 291 lowered their positions, and 109 left no stake in the company.
The stock’s 9-day MACD is 1.96 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 77.54, which shows that its stock has been overbought. The 20-day historical volatility for the shares stand at 28.18 percent, which is less when compared to that of the 50-day’s 30.67 percent. On the daily chart, we see that the stock could reach the first level of resistance at $137.7, sporting a 1.39% premium to the current level. The next resistance point is at $139.63, representing nearly 2.76% premium to the current market price of Mohawk Industries, Inc. (MHK). On the other hand, failure to breach the immediate hurdles can drag it down to $130.17, the lower end of the range.
