Frontier Group Holdings Inc (NASDAQ:ULCC) shares, rose in value, with the stock price up by 0.40% to the previous day’s close as strong demand from buyers drove the stock to $6.24.
Actively observing the price movement in the last trading, the stock closed the session at $6.22, falling within a range of $6.15 and $6.48. Referring to stock’s 52-week performance, its high was $8.33, and the low was $2.79. On the whole, ULCC has fluctuated by 18.28% over the past month.
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With the market capitalization of Frontier Group Holdings Inc currently standing at about $1.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.75B, with a low estimate of 952M and a high estimate of 991.72M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 970.46M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ULCC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ULCC currently trading nearly -0.55% and 25.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.50, while the 7-day volatility ratio is showing 8.39% which for the 30-day chart, stands at 6.21%. Furthermore, Frontier Group Holdings Inc (ULCC)’s beta value is 2.56, and its average true range (ATR) is 0.42.
A comparison of Frontier Group Holdings Inc (ULCC) with its peers suggests the former has fared considerably weaker in the market. ULCC showed an intraday change of 0.40% in last session, and over the past year, it grew by 70.86%%.
Data on historical trading for Frontier Group Holdings Inc (NASDAQ:ULCC) indicates that the trading volumes over the past 10 days have averaged 2.78 and over the past 3 months, they’ve averaged 2.32 million. According to company’s latest data on outstanding shares, there are 223.00 million shares outstanding.
Nearly 64.31% of Frontier Group Holdings Inc’s shares belong to company insiders and institutional investors own 36.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.75 million shares as on 2024-10-15, resulting in a short ratio of 6.71. According to the data, the short interest in Frontier Group Holdings Inc (ULCC) stood at 4189.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 15.78 million. The stock has risen by 14.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ULCC stock heading into the next quarter.
