Frontier Group Holdings Inc. [ULCC] fell -21.74% so far this year. What now?



Frontier Group Holdings Inc. [NASDAQ: ULCC] closed the trading session at $10.62 on 04/28/22. The day’s price range saw the stock hit a low of $9.88, while the highest price level was $10.67. The company report on April 28, 2022 that Frontier Airlines Reports Financial Results for the First Quarter of 2022 and Expects a Return to Profitability in the Second Quarter Underpinned by Over 20% RASM Growth Versus 2019 and $70 in Ancillary Revenue per Passenger.

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Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported its financial results for the first quarter of 2022 and issued guidance for the second quarter and full year 2022.

Total operating revenue for the first quarter of 2022 was $605 million, 11 percent higher than the corresponding pre-COVID quarter in 2019. Ancillary revenue performance during the quarter was robust, with $69.28 of ancillary revenue per passenger, 21 percent higher than the corresponding pre-COVID quarter in 2019. Offsetting the strong performance in revenue was the impact of high fuel prices, which averaged $2.99 per gallon, among other factors. Net loss for the quarter was $121 million, with an adjusted (non-GAAP) net loss of $109 million.

The stocks have a year to date performance of -21.74 percent and weekly performance of -9.15 percent. The stock has been moved at -31.57 percent over the last six months. The stock has performed -8.68 percent around the most recent 30 days and changed -13.87 percent over the most recent 3-months.

If compared to the average trading volume of 2.56M shares, ULCC reached to a volume of 3898799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Frontier Group Holdings Inc. [ULCC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ULCC shares is $17.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ULCC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Frontier Group Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 15, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $19 to $18. The new note on the price target was released on January 07, 2022, representing the official price target for Frontier Group Holdings Inc. stock. Previously, the target price had yet another raise to $22, while JP Morgan analysts kept a Overweight rating on ULCC stock.

The Average True Range (ATR) for Frontier Group Holdings Inc. is set at 0.59, with the Price to Sales ratio for ULCC stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 4.33, with the Price to Cash per share for the same quarter was set at 4.20. Price to Free Cash Flow for ULCC in the course of the last twelve months was 12.27 with Quick ratio for the last quarter at 0.80.

ULCC stock trade performance evaluation

Frontier Group Holdings Inc. [ULCC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.15. With this latest performance, ULCC shares dropped by -8.68% in over the last four-week period, additionally sinking by -31.57% over the last 6 months – not to mention a drop of -50.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ULCC stock in for the last two-week period is set at 41.77, with the RSI for the last a single of trading hit 38.79, and the three-weeks RSI is set at 43.00 for Frontier Group Holdings Inc. [ULCC]. The present Moving Average for the last 50 days of trading for this stock 11.49, while it was recorded at 10.92 for the last single week of trading, and 14.08 for the last 200 days.

Frontier Group Holdings Inc. [ULCC]: An insightful look at the core fundamentals

Frontier Group Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Frontier Group Holdings Inc. [ULCC]: Insider Ownership positions

There are presently around $2,299 million, or 99.80% of ULCC stock, in the hands of institutional investors. The top three institutional holders of ULCC stocks are: INDIGO PARTNERS LLC with ownership of 178,834,034, which is approximately New of the company’s market cap and around 0.40% of the total institutional ownership; JPMORGAN CHASE & CO, holding 6,974,443 shares of the stock with an approximate value of $74.07 million in ULCC stocks shares; and UBS ASSET MANAGEMENT AMERICAS INC, currently with $46.13 million in ULCC stock with ownership of nearly 4.124% of the company’s market capitalization.

Positions in Frontier Group Holdings Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 58 institutional holders increased their position in Frontier Group Holdings Inc. [NASDAQ:ULCC] by around 185,961,674 shares. Additionally, 34 investors decreased positions by around 5,531,325 shares, while 15 investors held positions by with 25,006,566 shares. The mentioned changes placed institutional holdings at 216,499,565 shares, according to the latest SEC report filing. ULCC stock had 24 new institutional investments in for a total of 180,000,986 shares, while 17 institutional investors sold positions of 1,655,237 shares during the same period.