The stock of Frontier Group Holdings Inc (NASDAQ: ULCC) has increased by 0.33 when compared to last closing price of 6.00. Despite this, the company has experienced a 3.08% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-04 that Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q1 2024 Results Conference Call May 4, 2024 11:00 AM ET Company Participants David Erdman – Senior Director, Investor Relations Barry Biffle – Chief Executive Officer Jimmy Dempsey – President Mark Mitchell – Chief Financial Officer Bobby Schroeder – Chief Commercial Officer Conference Call Participants Brandon Oglenski – Barclays Savi Syth – Raymond James Shannon Doherty – Deutsche Bank Helane Becker – TD Cowen Jamie Baker – JPMorgan Conor Cunningham – Melius Research Stephen Trent – Citi Christopher Stathoulopoulos – Sequoia Financial Group Operator Good day and thank you for standing by. Welcome to the Frontier Group Holdings, Inc., Q1 2024 Earnings Call.
Is It Worth Investing in Frontier Group Holdings Inc (NASDAQ: ULCC) Right Now?
The 36-month beta value for ULCC is at 2.63. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ULCC is 118.34M, and currently, shorts hold a 10.20% of that float. The average trading volume for ULCC on May 09, 2024 was 1.89M shares.
ULCC’s Market Performance
ULCC’s stock has seen a 3.08% increase for the week, with a -18.10% drop in the past month and a -12.63% fall in the past quarter. The volatility ratio for the week is 7.42%, and the volatility levels for the past 30 days are at 5.41% for Frontier Group Holdings Inc The simple moving average for the last 20 days is -6.90% for ULCC stock, with a simple moving average of 1.85% for the last 200 days.
Analysts’ Opinion of ULCC
Many brokerage firms have already submitted their reports for ULCC stocks, with TD Cowen repeating the rating for ULCC by listing it as a “Hold.” The predicted price for ULCC in the upcoming period, according to TD Cowen is $6.50 based on the research report published on May 03, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ULCC reach a price target of $8. The rating they have provided for ULCC stocks is “Neutral” according to the report published on March 20th, 2024.
TD Cowen gave a rating of “Market Perform” to ULCC, setting the target price at $12 in the report published on February 07th of the current year.
ULCC Trading at -14.29% 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 -43.05% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares sank -13.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.80% lower at present.
During the last 5 trading sessions, ULCC rose by +3.08%, which changed the moving average for the period of 200-days by -38.82% in comparison to the 20-day moving average, which settled at $6.42. In addition, Frontier Group Holdings Inc saw 10.26% 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:
- -0.02 for the present operating margin
- 0.08 for the gross margin
The net margin for Frontier Group Holdings Inc stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value -5.35, with -0.53 for asset returns.
Based on Frontier Group Holdings Inc (ULCC), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.25. The debt to equity ratio resting at 2.15. The interest coverage ratio of the stock is 10.0.
Currently, EBITDA for the company is 48.0 million with net debt to EBITDA at -114.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 35.35for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In conclusion, Frontier Group Holdings Inc (ULCC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
