Additionally, the 36-month beta value for ULCC is 2.56. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 2 rating it as “sell.”
The public float for ULCC is 80.12M and currently, short sellers hold a 21.15% ratio of that float. The average trading volume of ULCC on October 21, 2024 was 2.18M shares.
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ULCC) stock’s latest price update
Frontier Group Holdings Inc (NASDAQ: ULCC)’s stock price has plunge by 10.08relation to previous closing price of 6.35. Nevertheless, the company has seen a 21.14% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-10-18 that DALLAS–(BUSINESS WIRE)–Frontier (NASDAQ: FYBR): What happened? Frontier received seven ConneCTed Communities grants from the Connecticut Department of Energy and Environmental Protection to expand access to high-speed, reliable fiber internet across Connecticut. The funding comes from Connecticut’s portion of American Rescue Plan Act (ARPA) Capital Project Fund. Why it matters: In the past three years, we have delivered fiber internet access to over 1 million homes and businesses in Connectic.
ULCC’s Market Performance
ULCC’s stock has risen by 21.14% in the past week, with a monthly rise of 62.56% and a quarterly rise of 85.90%. The volatility ratio for the week is 6.44% while the volatility levels for the last 30 days are 5.90% for Frontier Group Holdings Inc The simple moving average for the last 20 days is 26.96% for ULCC stock, with a simple moving average of 27.74% 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 $3. The rating they have provided for ULCC stocks is “Hold” according to the report published on September 16th, 2024.
ULCC Trading at 57.97% 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 -16.09% of loss for the given period.
Volatility was left at 5.90%, however, over the last 30 days, the volatility rate increased by 6.44%, as shares surge +60.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +119.81% upper at present.
During the last 5 trading sessions, ULCC rose by +21.14%, which changed the moving average for the period of 200-days by +44.12% in comparison to the 20-day moving average, which settled at $5.51. In addition, Frontier Group Holdings Inc saw 28.02% 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 Schuller Steve, who sale 10,000 shares at the price of $6.00 back on Oct 04 ’24. After this action, Schuller Steve now owns 34,035 shares of Frontier Group Holdings Inc, valued at $60,000 using the latest closing price.
Schuller Steve, the Officer of Frontier Group Holdings Inc, proposed sale 10,000 shares at $6.00 during a trade that took place back on Oct 04 ’24, which means that Schuller Steve is holding shares at $60,000 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 1.38. 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 better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
