Frontier Group Holdings Inc [ULCC] stock prices are up 9.54% to $4.02 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ULCC shares have gain 8.94% over the last week, with a monthly amount drifted -15.19%, 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 July 17, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $4 from $6.50. Previously, Raymond James downgraded its rating to Underperform on July 05, 2024. On May 03, 2024, TD Cowen reiterated its Hold rating and revised its price target to $6.50 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $8 on March 20, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $12 on February 07, 2024. BofA Securities downgraded its rating to Neutral for this stock on January 09, 2024, and downed its price target to $6. In a note dated January 08, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $10 to $8.
The stock price of Frontier Group Holdings Inc [ULCC] has been fluctuating between $3.19 and $9.66 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 $4.02 at the most recent close of the market. An investor can expect a potential return of 278.11% based on the average ULCC price forecast.
Analyzing the ULCC fundamentals
The Frontier Group Holdings Inc [NASDAQ:ULCC] reported sales of 3.61B for trailing twelve months, representing a surge of 2.00%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.05 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.
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 3.76 points at the first support level, and at 3.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.16, and for the 2nd resistance point, it is at 4.29.
Ratios To Look Out For
It’s worth pointing out that Frontier Group Holdings Inc [NASDAQ:ULCC]’s Current Ratio is 0.50. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.86.
Transactions by insiders
Recent insider trading involved Wetzel Josh A, VP & CAO, that happened on May 16 ’24 when 11000.0 shares were sold. CEO, Biffle Barry completed a deal on Mar 06 ’24 to sell 15000.0 shares. Meanwhile, CEO Biffle Barry sold 0.15 million shares on Mar 05 ’24.
