The price of Frontier Group Holdings Inc (NASDAQ:ULCC) shares last traded on Wall Street fell -5.95% to $6.48.
ULCC stock price is now 5.33% away from the 50-day moving average and 17.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
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, Connor Josh T., Director sold 120,000 shares of the company’s stock on Dec 06 ’24. The stock was sold for $694,728 at an average price of $5.79. Upon completion of the transaction, the Director now directly owns 116,550 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Director Connor Josh T. sold 60,000 shares of the business’s stock. A total of $360,030 was realized by selling the stock at an average price of $6.00. This leaves the insider owning 236,550 shares of the company worth $1.53 million. A total of 64.14% 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 $8.33. 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. The fifty day moving average price for ULCC is $6.1239 and a two-hundred day moving average price translates $5.516125 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 -0.16% 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.
