Citigroup has recently reiterated Frontier Group Holdings Inc (ULCC) stock to Neutral rating, as announced on October 22, 2024, according to Finviz. Earlier, on September 30, 2024, Raymond James had raised the stock from a Underperform to Mkt Perform. TD Cowen also reiterated Hold rating with a price target of $4. Additionally, JP Morgan reduced Underweight rating on July 30, 2024. TD Cowen analysts, in their report published on July 17, 2024, also reiterated Hold rating and set a price target of $4 for Frontier Group Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Frontier Group Holdings Inc (ULCC) Stock Trading Recap
On Thursday, Frontier Group Holdings Inc (ULCC) stock saw a decline, ending the day at $6.08 which represents a decrease of $-0.16 or -2.56% from the prior close of $6.24. The stock opened at $6.16 and touched a low of $5.86 during the day, reaching a high of $6.19. The volume of shares traded was 2.32 million exceeding the average volume of 2.31 million.
ULCC Stock Performance and Moving Averages
In recent trading, Frontier Group Holdings Inc (ULCC) stock price has shown some volatility, fluctuating -12.89% over the last five trades and 19.92% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 2.36%, and it has gained 79.35% in the previous three months. Currently, ULCC is trading at -4.01%, 20.57%, and 9.51% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ULCC, a Industrials sector stock, is trading -27.01% below its 52-week high but remains 117.92% above its 52-week low. The Average True Range (ATR) (14 days) of 0.42 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Frontier Group Holdings Inc’s Profitability and Valuation Ratios
Frontier Group Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -4.94% and a profit margin of -0.16%, with a gross margin of 2.36%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Frontier Group Holdings Inc’s market capitalization stands at $1.37 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.52. Additionally, the Price-to-Sales Ratio is 0.37, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.49, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 64.31% of Frontier Group Holdings Inc (ULCC)’s shares, while financial institutions hold 36.66%.
Notable insider trades include Biffle Barry, CEO at Frontier Group Holdings Inc (ULCC), who sold 151620 shares on Mar 05 ’24, at $7.72 each, totaling $1.17 million. On Mar 04 ’24, Biffle Barry, CEO, sold 142154 shares for $7.38 each, amounting to $1.05 million. Additionally, on Mar 06 ’24, Biffle Barry sold 15000 shares at $8.21 each, generating $0.12 million.
