Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Frontier Group Holdings Inc (NASDAQ: ULCC) closed at $6.72 in the last session, down -5.49% from day before closing price of $7.11. In other words, the price has decreased by -$5.49 from its previous closing price. On the day, 1.57 million shares were traded. ULCC stock price reached its highest trading level at $6.95 during the session, while it also had its lowest trading level at $6.7.
Ratios:
We take a closer look at ULCC’s different ratios to gain a better understanding of the stock. 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, UBS on March 20, 2024, initiated with a Neutral rating and assigned the stock a target price of $8.
On February 07, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $5 to $12.
BofA Securities Downgraded its Buy to Neutral on January 09, 2024, whereas the target price for the stock was revised from $8 to $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1504513920 and an Enterprise Value of 4438192128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 1.237 whereas that against EBITDA is -44.83.
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 -8.31%, while the 200-Day Moving Average is calculated to be 9.68%.
Shares Statistics:
According to the various share statistics, ULCC traded on average about 2.22M shares per day over the past 3-months and 1492770 shares per day over the past 10 days. A total of 223.00M shares are outstanding, with a floating share count of 152.42M. Insiders hold about 31.77% of the company’s shares, while institutions hold 33.88% stake in the company. Shares short for ULCC as of 1711584000 were 11749085 with a Short Ratio of 5.28, compared to 1709164800 on 12336471. Therefore, it implies a Short% of Shares Outstanding of 11749085 and a Short% of Float of 27.279999999999998.
