The 36-month beta value for ULCC is also noteworthy at 2.64. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ULCC is 118.01M, and at present, short sellers hold a 10.23% of that float. The average trading volume of ULCC on May 02, 2024 was 2.13M shares.
ULCC) stock’s latest price update
Frontier Group Holdings Inc (NASDAQ: ULCC)’s stock price has plunge by -3.31relation to previous closing price of 6.04. Nevertheless, the company has seen a -8.18% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-23 that When travelers and investors think about the airline industry, their attention remains captivated by big names like United Airlines (NASDAQ: UAL ) or Delta (NYSE: DAL ). After all, these airlines operate the most exciting routes and aircraft, with flashy first-class amenities and branded credit cards.
ULCC’s Market Performance
ULCC’s stock has fallen by -8.18% in the past week, with a monthly drop of -21.82% and a quarterly rise of 19.92%. The volatility ratio for the week is 4.15% while the volatility levels for the last 30 days are 4.71% for Frontier Group Holdings Inc The simple moving average for the last 20 days is -14.03% for ULCC stock, with a simple moving average of -2.83% for the last 200 days.
Analysts’ Opinion of ULCC
Many brokerage firms have already submitted their reports for ULCC stocks, with UBS repeating the rating for ULCC by listing it as a “Neutral.” The predicted price for ULCC in the upcoming period, according to UBS is $8 based on the research report published on March 20, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ULCC reach a price target of $12, previously predicting the price at $5. The rating they have provided for ULCC stocks is “Market Perform” according to the report published on February 07th, 2024.
BofA Securities gave a rating of “Neutral” to ULCC, setting the target price at $6 in the report published on January 09th of the current year.
ULCC Trading at -18.41% from the 50-Day Moving Average
After a stumble in the market that brought ULCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.75% of loss for the given period.
Volatility was left at 4.71%, however, over the last 30 days, the volatility rate increased by 4.15%, as shares sank -18.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.66% lower at present.
During the last 5 trading sessions, ULCC fell by -8.18%, which changed the moving average for the period of 200-days by -38.98% in comparison to the 20-day moving average, which settled at $6.73. In addition, Frontier Group Holdings Inc saw 6.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ULCC starting from Biffle Barry, who sale 15,000 shares at the price of $8.21 back on Mar 06 ’24. After this action, Biffle Barry now owns 48,949 shares of Frontier Group Holdings Inc, valued at $123,150 using the latest closing price.
Biffle Barry, the CEO of Frontier Group Holdings Inc, sale 151,620 shares at $7.72 during a trade that took place back on Mar 05 ’24, which means that Biffle Barry is holding 772,981 shares at $1,170,506 based on the most recent closing price.
Stock Fundamentals for ULCC
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.11 for the gross margin
The net margin for Frontier Group Holdings Inc stands at -0.0. The total capital return value is set at -0.0. Equity return is now at value -2.56, with -0.27 for asset returns.
Based on Frontier Group Holdings Inc (ULCC), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 6.82. The interest coverage ratio of the stock is 0.4.
Currently, EBITDA for the company is 48.0 million with net debt to EBITDA at 64.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 32.93for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
In summary, Frontier Group Holdings Inc (ULCC) 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.
