As of Friday close, Frontier Group Holdings Inc.’s (NASDAQ:ULCC) stock was down -$0.15, moving down -3.10 percent to $4.69. The average number of shares traded per day over the past five days has been 3,188,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 2,780,970, while in the previous 50 days, it was 2,176,936.
Since last month, ULCC stock retreated -32.23%. Shares of the company fell to $4.56 on 09/21/23, the lowest level in the past month. A 52-week high of $14.34 was reached on 02/03/23 after having rallying from a 52-week low of $4.56. Since the beginning of this year, ULCC’s stock price has dropped by -54.33% or -$5.58, and marked a new high 13 times. However, the stock has declined by -67.29% since its 52-week high.
ULCC stock investors should be aware that Frontier Group Holdings Inc. (ULCC) stock had its last reported insider trading activity 43 days ago on Aug 11. Biffle Barry, the President & CEO of the company, disposed of 44,418 shares for $7.43 on Aug 11. It resulted in a $330,079 divestment by the insider. Biffle Barry sold 223,647 shares at an average price of $7.94 on Aug 07. The insider now owns 800,537 shares following the transaction. On Aug 04, President & CEO Biffle Barry sold 250,000 shares at $8.08 apiece. The transaction was valued at $2,020,325.
Valuation Metrics
Right now, Frontier Group Holdings Inc. (ULCC) has a P/E ratio of about 7.99. The stock’s beta is 2.16. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 1.82.
Financial Health
In the three months ended June 29, Frontier Group Holdings Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.34, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 52.60% percent. In the year ended June 29, EBITDA margin amounted to -2.04%, whereas operating margins totaled 4.30%. Based on annual data, ULCC earned $1.04 billion in gross profit and brought in $3.33 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.90%. Return on equity (ROE) for the past 12 months was 25.40%.
In Frontier Group Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $193.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ULCC’s revenue rose 6.0% to $848.0 million during the quarter, while net income inched up to $967.0 million. While analysts expected Frontier Group Holdings Inc. to report $0.28 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 10.70%. During the quarter, the company generated $92.0 million in EBITDA. The liabilities of Frontier Group Holdings Inc. were 4.14 billion at the end of its most recent quarter ended June 29, and its total debt was $3.08 billion. The value of shareholders’ equity is $220.68 million.
Technical Picture
This quick technical analysis looks at Frontier Group Holdings Inc.’s (ULCC) price momentum. With a historical volatility rate of 7.72%, the RSI 9-day stood at 11.41% on 22 September.
With respect to its five-day moving average, the current Frontier Group Holdings Inc. price is down by -15.34% percent or -$0.85. At present, ULCC shares trade -29.47% below its 20-day simple moving average and -51.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.48% below its SMA50 and -64.09% below its SMA200.
Stochastic coefficient K was 7.75% and Stochastic coefficient D was 4.75%, while ATR was 0.29. Given the Stochastic reading of 7.01% for the 14-day period, the RSI (14) reading has been calculated as 14.53%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.80.
Analyst Ratings
Frontier Group Holdings Inc. downgraded its rating on Frontier Group Holdings Inc. (NASDAQ: ULCC) to a Neutral in a note to investors on September 21, 2023. The analysts firm previously had a Buy rating on the stock.Frontier Group Holdings Inc. (ULCC) has been rated Overweight by analysts. According to 0 brokerage firms, ULCC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Frontier Group Holdings Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $5.50 – $18.00. Based on these forecasts, analysts predict Frontier Group Holdings Inc. (ULCC) will achieve an average price target of $10.14.
