Frontier Group Holdings Inc (ULCC) Stock: Navigating the Market Volatility

The stock of Frontier Group Holdings Inc (ULCC) has gone down by -12.94% for the week, with a -22.92% drop in the past month and a -43.27% drop in the past quarter. The volatility ratio for the week is 4.23%, and the volatility levels for the past 30 days are 4.49% for ULCC. The simple moving average for the last 20 days is -16.03% for ULCC stock, with a simple moving average of -24.78% for the last 200 days.

Is It Worth Investing in Frontier Group Holdings Inc (NASDAQ: ULCC) Right Now?

The 36-month beta value for ULCC is at 2.49. 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.”

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The public float for ULCC is 51.58M, and currently, shorts hold a 22.94% of that float. The average trading volume for ULCC on July 11, 2024 was 1.56M shares.

ULCC) stock’s latest price update

The stock price of Frontier Group Holdings Inc (NASDAQ: ULCC) has plunged by -0.71 when compared to previous closing price of 4.20, but the company has seen a -12.94% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-10 that U.S. Gold Corp. is proud to be a Copper Boot sponsor at the world’s largest outdoor rodeo in celebration of Cheyenne’s authentic western heritage and community roots CHEYENNE, Wyo., July 10, 2024 /PRNewswire/ — U.S. Gold Corp. (“U.S. Gold,” the “Company,” “we,” “our” or “us”) (Nasdaq: USAU) is pleased to announce that we will be a proud Copper Boot sponsor of the 128th Annual Cheyenne Frontier Days.

Analysts’ Opinion of ULCC

TD Cowen, on the other hand, stated in their research note that they expect to see ULCC reach a price target of $6.50, previously predicting the price at $8. The rating they have provided for ULCC stocks is “Hold” according to the report published on May 03rd, 2024.

UBS gave a rating of “Neutral” to ULCC, setting the target price at $8 in the report published on March 20th of the current year.

ULCC Trading at -23.59% 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 -60.55% of loss for the given period.

Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 4.23%, as shares sank -23.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.86% lower at present.

During the last 5 trading sessions, ULCC fell by -12.94%, which changed the moving average for the period of 200-days by -13.84% in comparison to the 20-day moving average, which settled at $4.90. In addition, Frontier Group Holdings Inc saw -23.63% 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 ULCC starting from Wetzel Josh A, who sale 11,000 shares at the price of $6.00 back on May 16 ’24. After this action, Wetzel Josh A now owns 1,052 shares of Frontier Group Holdings Inc, valued at $66,000 using the latest closing price.

Biffle Barry, the CEO of Frontier Group Holdings Inc, sale 15,000 shares at $8.21 during a trade that took place back on Mar 06 ’24, which means that Biffle Barry is holding 48,949 shares at $123,150 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 1.09. 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 bad 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.

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