The stock of Frontier Group Holdings Inc. (NASDAQ:ULCC) decreased by -$0.13 on Tuesday to finish at $7.11, down -1.80 percent. The last five days have seen an average of 1,664,060 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$3.16. The average number of shares traded over the last 20 days was 1,851,530, while the average volume over the last 50 days totaled 1,722,188.
ULCC stock dropped -25.71% since last month. On 08/15/23, the company’s shares reached a one-month low of $7.01. The stock touched a high of $15.25 on 02/03/23, after rallying from a low of $7.15 in 52 weeks. The price of ULCC stock has declined by -30.77% or -$3.16 this year, reaching a new high 13 times. Still, the stock price is down -53.38% from the 52-week high.
Insider Transactions
ULCC stock investors should be aware that Frontier Group Holdings Inc. (ULCC) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, President & CEO Biffle Barry sold 44,418 shares at $7.43 each. This transaction resulted in the insider making $330,079. On Aug 07, Biffle Barry sold 223,647 shares at a price of US$7.94. After the transaction, the insider now owns 800,537 shares. President & CEO Biffle Barry had earlier sold 250,000 shares on Aug 04 for $8.08 a share. The transaction was completed for $2,020,325.
Valuation Metrics
Frontier Group Holdings Inc. (ULCC) has a trailing price-to-earnings (P/E) ratio of 12.11. Beta for the stock is 2.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 2.76.
Financial Health
For the three months ended June 29, 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 June 29 is 0.34, and the total debt to equity ratio is 0.76. As far as profitability goes, gross margin for the trailing twelve months is 52.60% percent. Frontier Group Holdings Inc.’s EBITDA margin for the year ended June 29 was -2.04%, whereas its operating margin stood at 4.30% for the same period. Based on annual data, it had gross profit of $1.04 billion and revenue of $3.33 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 2.80%. There was a -3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.40%.
Earnings Surprise
According to Frontier Group Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $967.0 million, while revenues rose by 6.0% to $848.0 million. It was predicted that Frontier Group Holdings Inc.’s quarterly earnings would be $0.31, but it ended up being $0.28, beating the consensus by 10.70%. EBITDA was $92.0 million for the quarter. At the end of Frontier Group Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 4.14 billion, while its total debt was $3.08 billion. Equity owned by shareholders amounts to $220.68 million.
Technical Picture
Here’s a quick look at Frontier Group Holdings Inc.’s (ULCC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 14.19%, suggesting the stock is oversold, with a 7.72% historical volatility rate.
The stochastic %K and %D were 3.04% and 2.92% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 4.02%, the RSI (14) reading is 21.61%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.89.
Analyst Ratings
Frontier Group Holdings Inc. (NASDAQ: ULCC) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Frontier Group Holdings Inc. (ULCC) an Overweight rating. ULCC is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.
What is ULCC’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $19.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for Frontier Group Holdings Inc. (ULCC) is $12.45.
