Market Update: Frontier Group Holdings Inc (ULCC) Sees Negative Movement, Closing at 5.18

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In the latest session, Frontier Group Holdings Inc (NASDAQ: ULCC) closed at $5.18 down -2.08% from its previous closing price of $5.29. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 3.85 million shares were traded. ULCC stock price reached its highest trading level at $5.24 during the session, while it also had its lowest trading level at $5.05.

Ratios:

For a deeper understanding of Frontier Group Holdings Inc’s stock, let’s take a closer look at its various ratios. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 15,000 shares of ULCC for $123,150 on Mar 06 ’24. The CEO now owns 48,949 shares after completing the transaction at $8.21 per share. On Mar 05 ’24, another insider, Biffle Barry, who serves as the CEO of the company, sold 151,620 shares for $7.72 each. As a result, the insider received 1,170,506 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 1160102400 and an Enterprise Value of 4145103616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 1.15 whereas that against EBITDA is -31.402.

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 -15.14%, while the 200-Day Moving Average is calculated to be -7.92%.

Shares Statistics:

For the past three months, ULCC has traded an average of 1.52M shares per day and 1589180 over the past ten days. A total of 223.00M shares are outstanding, with a floating share count of 51.58M. Insiders hold about 76.97% of the company’s shares, while institutions hold 20.23% stake in the company. Shares short for ULCC as of 1715731200 were 11139885 with a Short Ratio of 7.86, compared to 1713139200 on 12074398. Therefore, it implies a Short% of Shares Outstanding of 11139885 and a Short% of Float of 26.619999999999997.

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