As of close of business last night, Frontier Group Holdings Inc’s stock clocked out at $7.04, down -0.85% from its previous closing price of $7.10. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 1443797 shares were traded.
Ratios:
To gain a deeper understanding of ULCC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.53. In the meantime, Its Debt-to-Equity ratio is 6.82 whereas as Long-Term Debt/Eq ratio is at 5.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 07, 2024, Reiterated its Market Perform rating but revised its target price to $12 from $5 previously.
On January 09, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $8 to $6.
Morgan Stanley Downgraded its Overweight to Equal-Weight on January 08, 2024, whereas the target price for the stock was revised from $10 to $8.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 23 when Biffle Barry sold 500 shares for $7.21 per share. The transaction valued at 3,605 led to the insider holds 78,449 shares of the business.
Dempsey James G. sold 245,000 shares of ULCC for $976,692 on Nov 20. The President now owns 583,462 shares after completing the transaction at $3.99 per share. On Nov 20, another insider, Diamond Howard, who serves as the SVP, GC & Secretary of the company, sold 58,000 shares for $3.92 each. As a result, the insider received 227,302 and left with 508,547 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is 53.28.
Stock Price History:
Over the past 52 weeks, ULCC has reached a high of $11.90, while it has fallen to a 52-week low of $3.19. The 50-Day Moving Average of the stock is 5.71, while the 200-Day Moving Average is calculated to be 6.45.
Shares Statistics:
It appears that ULCC traded 2.90M shares on average per day over the past three months and 2.32M shares per day over the past ten days. A total of 223.00M shares are outstanding, with a floating share count of 39.12M. Insiders hold about 82.49% of the company’s shares, while institutions hold 21.54% stake in the company. Shares short for ULCC as of Jan 31, 2024 were 14.04M with a Short Ratio of 4.84, compared to 13.96M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.35% and a Short% of Float of 34.89%.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.25, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.18, with high estimates of $0.45 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.79 and -$0.12 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $0.92, with 12 analysts recommending between $1.69 and $0.1.
Revenue Estimates
A total of 11 analysts have provided revenue estimates for ULCC’s current fiscal year. The highest revenue estimate was $4.18B, while the lowest revenue estimate was $3.88B, resulting in an average revenue estimate of $4.05B. In the same quarter a year ago, actual revenue was $3.59B, up 12.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.77B in the next fiscal year. The high estimate is $5.02B and the low estimate is $4.49B. The average revenue growth estimate for next year is up 17.70% from the average revenue estimate for this year.
