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The closing price of Frontier Group Holdings Inc (NASDAQ: ULCC) was $6.10 for the day, up 5.90% from the previous closing price of $5.76. In other words, the price has increased by $5.90 from its previous closing price. On the day, 1.99 million shares were traded. ULCC stock price reached its highest trading level at $6.11 during the session, while it also had its lowest trading level at $5.67.
Ratios:
Our analysis of ULCC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 7.45 whereas as Long-Term Debt/Eq ratio is at 5.71.
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 May 03, 2024, Reiterated its Hold rating but revised its target price to $6.50 from $8 previously.
On March 20, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $8.
TD Cowen reiterated its Market Perform rating for the stock on February 07, 2024, while the target price for the stock was revised from $5 to $12.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when Biffle Barry sold 15,000 shares for $8.21 per share. The transaction valued at 123,150 led to the insider holds 48,949 shares of the business.
Biffle Barry sold 151,620 shares of ULCC for $1,170,506 on Mar 05 ’24. The CEO now owns 772,981 shares after completing the transaction at $7.72 per share. On Mar 04 ’24, another insider, Biffle Barry, who serves as the CEO of the company, sold 142,154 shares for $7.38 each. As a result, the insider received 1,049,097 and left with 772,981 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ULCC now has a Market Capitalization of 1366143744 and an Enterprise Value of 4351145472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 1.207 whereas that against EBITDA is -33.215.
Stock Price History:
Over the past 52 weeks, ULCC has reached a high of $10.57, while it has fallen to a 52-week low of $3.19. The 50-Day Moving Average of the stock is -13.65%, while the 200-Day Moving Average is calculated to be 2.53%.
Shares Statistics:
ULCC traded an average of 2.10M shares per day over the past three months and 1823050 shares per day over the past ten days. A total of 223.00M shares are outstanding, with a floating share count of 118.34M. Insiders hold about 47.16% of the company’s shares, while institutions hold 31.24% stake in the company. Shares short for ULCC as of 1713139200 were 12074398 with a Short Ratio of 5.75, compared to 1710460800 on 11540334. Therefore, it implies a Short% of Shares Outstanding of 12074398 and a Short% of Float of 28.910000000000004.
