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The closing price of Frontier Group Holdings Inc (NASDAQ: ULCC) was $3.47 for the day, down -0.86% from the previous closing price of $3.50. In other words, the price has decreased by -$0.86 from its previous closing price. On the day, 0.81 million shares were traded. ULCC stock price reached its highest trading level at $3.51 during the session, while it also had its lowest trading level at $3.4.
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 0.48 and its Current Ratio is at 0.52. In the meantime, Its Debt-to-Equity ratio is 7.83 whereas as Long-Term Debt/Eq ratio is at 6.16.
On July 17, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $6.50 to $4.
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 May 16 ’24 when Wetzel Josh A sold 11,000 shares for $6.00 per share. The transaction valued at 66,000 led to the insider holds 1,052 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 778956032 and an Enterprise Value of 4189956864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 1.16 whereas that against EBITDA is -17.531.
Stock Price History:
Over the past 52 weeks, ULCC has reached a high of $8.33, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is -17.59%, while the 200-Day Moving Average is calculated to be -36.09%.
Shares Statistics:
ULCC traded an average of 1.78M shares per day over the past three months and 2201480 shares per day over the past ten days. A total of 223.00M shares are outstanding, with a floating share count of 47.62M. Insiders hold about 78.78% of the company’s shares, while institutions hold 35.36% stake in the company. Shares short for ULCC as of 1722384000 were 14430760 with a Short Ratio of 8.12, compared to 1719532800 on 13236072. Therefore, it implies a Short% of Shares Outstanding of 14430760 and a Short% of Float of 34.07.
