While Frontier Group Holdings Inc has underperformed by -0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ULCC fell by -11.78%, with highs and lows ranging from $10.57 to $3.19, whereas the simple moving average jumped by 20.27% in the last 200 days.
On March 20, 2024, UBS started tracking Frontier Group Holdings Inc (NASDAQ: ULCC) recommending Neutral. A report published by TD Cowen on February 07, 2024, Reiterated its previous ‘Market Perform’ rating for ULCC. BofA Securities also Downgraded ULCC shares as ‘Neutral’, setting a target price of $6 on the company’s shares in a report dated January 09, 2024. Morgan Stanley January 08, 2024d the rating to Equal-Weight on January 08, 2024, and set its price target from $10 to $8. Deutsche Bank October 27, 2023d its ‘Buy’ rating to ‘Hold’ for ULCC, as published in its report on October 27, 2023. Citigroup’s report from September 21, 2023 suggests a price prediction of $5.50 for ULCC shares, giving the stock a ‘Neutral’ rating. Evercore ISI also rated the stock as ‘In-line’.
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Analysis of Frontier Group Holdings Inc (ULCC)
Further, the quarter-over-quarter decrease in sales is -1.66%, showing a negative trend in the upcoming months.
One of the most important indicators of Frontier Group Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -2.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.48, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ULCC is recording 2.58M average volume. On a monthly basis, the volatility of the stock is set at 5.94%, whereas on a weekly basis, it is put at 6.88%, with a gain of 9.14% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.00, showing growth from the present price of $7.64, which can serve as yet another indication of whether ULCC is worth investing in or should be passed over.
How Do You Analyze Frontier Group Holdings Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 81.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ULCC shares are owned by institutional investors to the tune of 21.54% at present.
