After finishing at $7.38 in the prior trading day, Frontier Group Holdings Inc (NASDAQ: ULCC) closed at $7.36, down -0.27%. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 1910753 shares were traded. ULCC stock price reached its highest trading level at $7.61 during the session, while it also had its lowest trading level at $7.20.
Ratios:
Our goal is to gain a better understanding of ULCC by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1.65B and an Enterprise Value of 4.50B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 1.25 whereas that against EBITDA is 54.20.
Stock Price History:
Over the past 52 weeks, ULCC has reached a high of $11.80, while it has fallen to a 52-week low of $3.19. The 50-Day Moving Average of the stock is 6.18, while the 200-Day Moving Average is calculated to be 6.41.
Shares Statistics:
The stock has traded on average 2.83M shares per day over the past 3-months and 2.51M shares per day over the last 10 days, according to various share statistics. A total of 223.00M shares are outstanding, with a floating share count of 41.13M. Insiders hold about 81.59% of the company’s shares, while institutions hold 21.54% stake in the company. Shares short for ULCC as of Feb 15, 2024 were 12.78M with a Short Ratio of 4.52, compared to 14.35M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.73% and a Short% of Float of 30.31%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.2, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.16, with high estimates of $0.37 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 $4.07B. In the same quarter a year ago, actual revenue was $3.59B, up 13.40% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.79B 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.
