While Frontier Group Holdings Inc has overperformed by 1.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ULCC rose by 23.08%, with highs and lows ranging from $8.33 to $2.79, whereas the simple moving average jumped by 7.20% in the last 200 days.
On November 26, 2024, UBS started tracking Frontier Group Holdings Inc (NASDAQ: ULCC) recommending Neutral. A report published by Citigroup on October 22, 2024, Reiterated its previous ‘Neutral’ rating for ULCC. TD Cowen Reiterated the rating as Hold on September 16, 2024, but set its price target from $3 to $4. JP Morgan July 30, 2024d its ‘Neutral’ rating to ‘Underweight’ for ULCC, as published in its report on July 30, 2024. TD Cowen’s report from July 17, 2024 suggests a price prediction of $4 for ULCC shares, giving the stock a ‘Hold’ rating. Raymond James also rated the stock as ‘Underperform’.
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Analysis of Frontier Group Holdings Inc (ULCC)
Further, the quarter-over-quarter increase in sales is 5.89%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Frontier Group Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -1.10% 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.
An average volume of 2.61M can be a very valuable indicator of volatility for ULCC stock. On a monthly basis, the volatility of the stock is set at 6.79%, whereas on a weekly basis, it is put at 6.67%, with a loss of -3.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.67, showing growth from the present price of $5.92, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 64.14%. 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 37.50% 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 37.50% at present.
