Frontier Group Holdings Inc. (ULCC) stock forecast: Can it reach its 52-week high of $15.25

Frontier Group Holdings Inc. [ULCC] stock is trading at $7.90, up 0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The ULCC shares have lost -1.74% over the last week, with a monthly amount drifted -11.24%, and not seem to be holding up well over a long-time horizon.

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On 15, May 2023, Frontier Airlines to Participate in the Bank of America Transportation, Airlines, and Industrials Conference. In a post published today on Yahoo Finance, Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (NASDAQ: ULCC), today announced that Daniel Shurz, Senior Vice President, Commercial, will present at the Bank of America 2023 Transportation, Airlines, and Industrials Conference on Thursday, May 18, 2023 at 10:40am EDT.

From an analyst’s perspective:

Frontier Group Holdings Inc. [ULCC] stock has fluctuated between $7.61 and $15.25 over the past year. Currently, Wall Street analysts expect the stock to reach $14.86 within the next 12 months. Frontier Group Holdings Inc. [NASDAQ: ULCC] shares were valued at $7.90 at the most recent close of the market. An investor can expect a potential return of 88.1% based on the average ULCC price forecast.

Analyzing the ULCC fundamentals

Frontier Group Holdings Inc. [NASDAQ:ULCC] reported sales of 848.0 billion for the most recent quarter, which represents a growth of 40.20%. The company generates $514,065 in revenue per employee, while its income per employee is -$5,719. Gross Margin for this corporation currently stands at +1.53% with Operating Margin at -3.40%, Pretax Margin comes in at -1.35%, and Net Margin reading is -1.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.85, Equity is -7.12, Total Capital is -3.32, and Invested Capital is -1.32. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 85.19 and enduring liabilities to the whole assets at 65.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.74 points at the first support level, and at 7.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.09, and for the 2nd resistance point, it is at 8.27.

Frontier Group Holdings Inc. [ULCC] reported earnings per share of -$0.06 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.02 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.18 per share as compared to estimates of $0.17 per share, a difference of $0.01 representing a surprise of 5.90%.

Ratios To Look Out For

For context, Frontier Group Holdings Inc.’s Current Ratio is 0.60. On the other hand, the Quick Ratio is 0.62, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 4.40 and the P/E (TTM) ratio is 24.38.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 2 insider purchases totaling 31,548 shares and 9 insider sales totaling 148,475 shares over the past 3 months. Recent insider trading involved Biffle Barry, President & CEO, that happened on May 24 when 23800.0 shares were sold. President & CEO, Biffle Barry completed a deal on May 10 to sell 92700.0 shares. Meanwhile, President & CEO Biffle Barry sold 58000.0 shares on May 09.