Frontier Group Holdings Inc. (NASDAQ:ULCC) finished Wednesday with a subtraction of -$0.55 to close at $11.25, a downside of -4.66 percent. An average of 1,194,560 shares of common stock have been traded in the last five days. There was a fall of -$1.48 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,324,855 shares traded, while the 50-day average volume stands at 1,782,426.
ULCC stock has decreased by -11.63% in the last month. The company shares reached their 1-month lowest point of $11.23 on 09/21/22. With the stock rallying to its 52-week high on 08/15/22, shares of the company touched a low of $8.19 and a high of $17.50 in 52 weeks. It has reached a new high 7 times so far this year and lost -17.10% or -$2.32 in price. In spite of this, the price is down -35.71% from the 52-week high.
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38 days have passed since Frontier Group Holdings Inc. (ULCC) last reported insider trading activity. Shurz Daniel M., who is Sr. Vice President, Commercial, most recently acquired $24,663 shares at $15.07 per share on Aug 15. In this transaction, the insider spent $371,795. Sr. Vice President, Customers, Filene Jacob F., disposed of 8,000 shares at a price of $15.00 on Aug 15. The insider now owns more than $120,000 worth of shares. Prior to that, VP & CAO Wetzel Josh A went on to Sale 1,250 shares at $13.92 each on Aug 02. An amount of $17,401 was transacted.
Frontier Group Holdings Inc. (ULCC) has a trailing price-to-sales (P/S) ratio at 0.95, the price-to-book (PB) ratio at 5.74.
The quick ratio of Frontier Group Holdings Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.88 for the quarter ending June 29. Its gross profit as reported stood at $452.0 million compared to revenue of $2.06 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Frontier Group Holdings Inc.’s return on assets was -3.30%.
For the three-month period that ended June 29, Frontier Group Holdings Inc. had $212.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $13.0 million in the quarter, while revenues were shrunk -46.15%. The analyst consensus anticipated Frontier Group Holdings Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.09, a 28.60% surprise. For the quarter, EBITDA amounted to $23.0 million. Shareholders own equity worth $217.68 million.
From a technical analysis perspective, let’s take a brief look at Frontier Group Holdings Inc. (ULCC) price momentum. RSI 9-day as of the close on 21 September was 29.68%, suggesting the stock is oversold, with historical volatility in this time frame at 50.63%.
As of today, ULCC’s price is $11.96 -11.63% or -$1.48 from its 5-day moving average. ULCC is currently trading -11.70% lower than its 20-day SMA and +5.93% higher than its 100-day SMA. However, the stock’s current price level is +1.17% above the SMA50 and -17.04% below the SMA200.
The stochastic %K and %D were 10.87% and 15.37%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 0.93% and the average true range at 0.56, the RSI (14) stands at 35.65%. The stock has reached -0.58 on the 9-day MACD Oscillator while the 14-day reading was at -0.74.
Raymond James downgraded Frontier Group Holdings Inc. (NASDAQ: ULCC) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.
What is ULCC’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $20.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for Frontier Group Holdings Inc. (ULCC) stock is $17.91.