Frontier Group Holdings Inc. (NASDAQ:ULCC) saw a downside of -1.46% to close Tuesday at $6.73 after subtracting -$0.1 on the day. The 5-day average trading volume is 1,696,560 shares of the company’s common stock. It has gained $7.25 in the past week and touched a new high 1 time within the past 5 days. An average of 1,889,985 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,546,614.
ULCC’s 1-month performance is -31.61% or -$3.19 on its low of $6.66 reached on 08/22/23. The company’s shares have touched a 52-week low of $6.82 and high of $14.34, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, ULCC has lost -34.47% or -$3.54 and has reached a new high 13 times. However, the current price is down -53.07% from the 52-week high price.
Insider Transactions
ULCC stock investors last saw insider trading activity on Aug 11.Biffle Barry (President & CEO) most recently sold 44,418 shares at $7.43 per share on Aug 11. This transaction cost the insider $330,079. President & CEO, Biffle Barry, sold 223,647 shares at a price of $7.94 on Aug 07. Then, on Aug 04, President & CEO Biffle Barry sold 250,000 shares at a price of $8.08 per share. This transaction amounted to $2,020,325.
Valuation Metrics
ULCC stock has a beta of 2.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 2.61.
Frontier Group Holdings Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.76.. In terms of profitability, the gross margin trailing 12 months is 52.60%. The trailing 12-month EBITDA margin is -2.04% while for the period ending June 29, Frontier Group Holdings Inc.’s operating margin was 4.30%. The firm’s gross profit as reported stood at $1.04 billion against revenue of $3.33 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 81.69% to $71.0 million, while revenue of -$13.0 million was 118.31% off the previous quarter. Analysts expected ULCC to announce $0.28 per share in earnings in its latest quarter, but it posted $0.31, representing a 10.70% surprise. EBITDA for the quarter stood at more than $92.0 million. ULCC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.14 billion, with total debt at $3.08 billion. Shareholders hold equity totaling $220.68 million.
Let’s look briefly at Frontier Group Holdings Inc. (ULCC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 10.65% to suggest the stock is trending oversold, with historical volatility in this time period at 7.72%.
The stock’s 5-day moving average is $6.90, reflecting a -5.34% or -$0.38 change from its current price. ULCC is currently trading -28.56% above its 20-day SMA, -28.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.10% and SMA200 by-48.47%.
Stochastic %K and %D was 2.55% and 1.96% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 18.36%, while the 14-day stochastic is at 4.18% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at -0.27 and -0.56 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Frontier Group Holdings Inc. (NASDAQ: ULCC), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for ULCC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ULCC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is ULCC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $18.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Frontier Group Holdings Inc. (ULCC) stock is $12.36.
