Frontier Group Holdings Inc [ULCC] stock is trading at $6.90, up 6.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ULCC shares have lost -0.58% over the last week, with a monthly amount drifted -5.22%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Frontier Group Holdings Inc [NASDAQ: ULCC] stock has seen the most recent analyst activity on March 20, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $8. Previously, TD Cowen reaffirmed its Market Perform rating on February 07, 2024, and elevated its price target to $12. On January 09, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $6 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $8 on January 08, 2024. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $5 on October 27, 2023. Citigroup downgraded its rating to Neutral for this stock on September 21, 2023, and downed its price target to $5.50. In a note dated September 18, 2023, Evercore ISI downgraded an In-line rating on this stock but restated the target price of $7.
Frontier Group Holdings Inc [ULCC] stock has fluctuated between $3.19 and $10.57 over the past year. Currently, Wall Street analysts expect the stock to reach $15.2 within the next 12 months. Frontier Group Holdings Inc [NASDAQ: ULCC] shares were valued at $6.90 at the most recent close of the market. An investor can expect a potential return of 120.29% based on the average ULCC price forecast.
Analyzing the ULCC fundamentals
Frontier Group Holdings Inc [NASDAQ:ULCC] reported sales of 3.59B for the trailing twelve months, which represents a drop of -1.66%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.82.
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 6.73 points at the first support level, and at 6.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.04, and for the 2nd resistance point, it is at 7.17.
Ratios To Look Out For
For context, Frontier Group Holdings Inc’s Current Ratio is 0.53. As well, the Quick Ratio is 0.48, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 3.03.
Transactions by insiders
Recent insider trading involved Biffle Barry, CEO, that happened on Mar 06 ’24 when 15000.0 shares were sold. CEO, Biffle Barry completed a deal on Mar 05 ’24 to sell 0.15 million shares. Meanwhile, CEO Biffle Barry sold 0.14 million shares on Mar 04 ’24.
