Frontier Group Holdings Inc (NASDAQ:ULCC) shares traded -7.89% lower at $8.52 on Wall Street last session.
ULCC stock price is now 12.37% away from the 50-day moving average and 50.57% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
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With the price target enhanced from $6 to $8, Deutsche Bank Upgraded its rating from Hold to Buy for Frontier Group Holdings Inc (NASDAQ: ULCC). , while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Biffle Barry, CEO sold 433,000 shares of the company’s stock on Feb 07 ’25. The stock was sold for $4,077,907 at an average price of $9.42. Upon completion of the transaction, the CEO now directly owns 1,157,705 shares in the company, valued at $9.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’25, Officer Biffle Barry bought 433,000 shares of the business’s stock. A total of $4,077,920 was incurred on buying the stock at an average price of $9.42. A total of 64.28% of the company’s stock is owned by insiders.
During the past 12 months, Frontier Group Holdings Inc has had a low of $2.79 and a high of $10.26. As of last week, the company has a debt-to-equity ratio of 7.70, a current ratio of 0.53, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $5474262016, which is based on a 23.30 price-to-earnings ratio, a 0.25 price-to-earnings-growth ratio, and a beta of 2.35. The fifty day moving average price for ULCC is $7.5283 and a two-hundred day moving average price translates $5.6465 for the stock.
The latest earnings results from Frontier Group Holdings Inc (NASDAQ: ULCC) was released for 2024-09-30. The net profit margin was 2.25% and return on equity was -1.10% for ULCC. The company reported revenue of $935.0 million for the quarter, compared to $883.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.89 percent. For the current quarter, analysts expect ULCC to generate $1.02B in revenue.
