Frontier Group Holdings Inc (NASDAQ: ULCC)’s stock price has decreased by -2.27 compared to its previous closing price of 4.41. However, the company has seen a 15.24% increase in its stock price over the last five trading sessions. cnbc.com reported 2024-09-12 that Airlines are raising their unit revenue forecasts for the third quarter. Flights are getting more expensive again, according to the latest inflation report.
Is It Worth Investing in Frontier Group Holdings Inc (NASDAQ: ULCC) Right Now?
Additionally, the 36-month beta value for ULCC is 2.44. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for ULCC is 80.16M and currently, short sellers hold a 18.32% ratio of that float. The average trading volume of ULCC on September 16, 2024 was 1.79M shares.
ULCC’s Market Performance
ULCC’s stock has seen a 15.24% increase for the week, with a 37.70% rise in the past month and a -18.53% fall in the past quarter. The volatility ratio for the week is 8.90%, and the volatility levels for the past 30 days are at 6.00% for Frontier Group Holdings Inc The simple moving average for the last 20 days is 18.46% for ULCC stock, with a simple moving average of -20.49% for the last 200 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 $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 15.75% 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 -48.26% of loss for the given period.
Volatility was left at 6.00%, however, over the last 30 days, the volatility rate increased by 8.90%, as shares surge +26.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.32% lower at present.
During the last 5 trading sessions, ULCC rose by +15.24%, which changed the moving average for the period of 200-days by +11.66% in comparison to the 20-day moving average, which settled at $3.68. In addition, Frontier Group Holdings Inc saw -21.06% 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 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:
- -0.04 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 16.75.
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 1.21. 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
In conclusion, Frontier Group Holdings Inc (ULCC) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
