The stock of Frontier Group Holdings Inc (ULCC) has seen a -7.63% decrease in the past week, with a -31.76% drop in the past month, and a -50.76% decrease in the past quarter. The volatility ratio for the week is 6.56%, and the volatility levels for the past 30 days are at 7.03% for ULCC. The simple moving average for the past 20 days is -21.32% for ULCC’s stock, with a -46.75% simple moving average for the past 200 days.
Is It Worth Investing in Frontier Group Holdings Inc (NASDAQ: ULCC) Right Now?
ULCC has 36-month beta value of 2.54. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ULCC is 51.70M, and currently, short sellers hold a 27.91% ratio of that float. The average trading volume of ULCC on August 12, 2024 was 1.66M shares.
ULCC) stock’s latest price update
Frontier Group Holdings Inc (NASDAQ: ULCC) has seen a decline in its stock price by -6.74 in relation to its previous close of 3.11. However, the company has experienced a -7.63% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-11 that Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q2 2024 Earnings Conference Call August 8, 2024 12:00 PM ET Company Participants David Erdman – Senior Director, Investor Relations Barry Biffle – Chief Executive Officer Jimmy Dempsey – President Bobby Schroeter – Chief Commercial Officer Mark Mitchell – Chief Financial Officer Conference Call Participants John Dorsett – Barclays Michael Linenberg – Deutsche Bank Scott Group – Wolfe Research Savi Syth – Raymond James Duane Pfennigwerth – Evercore ISI Stephen Trent – Citi Conor Cunningham – Melius Research Tom Fitzgerald – TD Cowen Andrew Didora – Bank of America Operator Good day. Thank you for standing by.
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 $4, previously predicting the price at $6.50. The rating they have provided for ULCC stocks is “Hold” according to the report published on July 17th, 2024.
ULCC Trading at -35.18% 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 -65.18% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 6.56%, as shares sank -32.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.75% lower at present.
During the last 5 trading sessions, ULCC fell by -7.80%, which changed the moving average for the period of 200-days by -25.58% in comparison to the 20-day moving average, which settled at $3.62. In addition, Frontier Group Holdings Inc saw -46.88% 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:
- -0.04 for the present operating margin
- 0.05 for the gross margin
The net margin for Frontier Group Holdings Inc stands at -0.02. The total capital return value is set at -0.03. Equity return is now at value -11.79, with -1.23 for asset returns.
Based on Frontier Group Holdings Inc (ULCC), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at 2.02. The interest coverage ratio of the stock is 7.88.
Currently, EBITDA for the company is 48.0 million with net debt to EBITDA at -47.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 36.48for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
To put it simply, Frontier Group Holdings Inc (ULCC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
