Is Frontier Group Holdings Inc. (ULCC) Set To Achieve Price Targets?

The stock of Frontier Group Holdings Inc. (NASDAQ:ULCC) decreased by -$0.28 on Friday to finish at $9.20, down -2.95 percent. The last five days have seen an average of 2,718,960 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$4.37. The average number of shares traded over the last 20 days was 2,726,820, while the average volume over the last 50 days totaled 2,744,306.

ULCC stock dropped -21.30% since last month. On 05/12/22, the company’s shares reached a one-month low of $8.19. The stock touched a high of $22.70 on 02/10/22, after rallying from a low of $8.19 in 52 weeks. The price of ULCC stock has declined by -32.20% or -$4.37 this year, reaching a new high 5 times. Still, the stock price is down -59.47% from the 52-week high.


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Insider Transactions

There have been 49 days since Frontier Group Holdings Inc. (ULCC) last reported insider trading activity on Apr 04. On Apr 04, VP & CAO Wetzel Josh A sold 2,003 shares at $11.44 each. This transaction resulted in the insider making $22,917. On Apr 01, Filene Jacob F. sold 1,000 shares at a price of US$11.27. After the transaction, the insider now owns 85,122 shares. VP & CAO Wetzel Josh A had earlier sold 2,003 shares on Mar 22 for $11.35 a share. The transaction was completed for $22,727.

Financial Health

For the three months ended March 30, Frontier Group Holdings Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.51, and the total debt to equity ratio is 0.86. As far as profitability goes, gross margin for the trailing twelve months is 48.80% percent. Frontier Group Holdings Inc.’s operating margin stood at -7.40% for the same period. Based on annual data, it had gross profit of $452.0 million and revenue of $2.06 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ULCC’s return on assets (ROA) during the last 12 months has been -3.20%. There was a -7.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -26.00%.

Earnings Surprise

According to Frontier Group Holdings Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $605.0 million, while revenues rose by 55.21% to $609.0 million. It was predicted that Frontier Group Holdings Inc.’s quarterly earnings would be -$0.5, but it ended up being -$0.43, beating the consensus by -16.30%. EBITDA was -$140.0 million for the quarter. At the end of Frontier Group Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 3.73 billion, while its total debt was $2.76 billion. Equity owned by shareholders amounts to $217.55 million.

Technical Picture

Here’s a quick look at Frontier Group Holdings Inc.’s (ULCC) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 42.16%, suggesting the stock is Neutral, with a 59.97% historical volatility rate.

The stochastic %K and %D were 42.66% and 42.29% respectively, while the average true range (ATR) was 0.66. Based on the 14-day stochastic reading of 39.45%, the RSI (14) reading is 41.20%. On the 9-day MACD Oscillator, the stock is at 0.29, and the 14-day reading is at -0.02.

Analyst Ratings

Analysts have assigned Frontier Group Holdings Inc. (ULCC) an Buy rating. ULCC is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.

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