Frontier Group Holdings Inc (NASDAQ:ULCC) price on Tuesday, December 24, rose 0.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.14.
A look at the stock’s price movement, the close in the last trading session was $7.12, moving within a range at $6.99 and $7.17. The beta value (5-Year monthly) was 2.513. Turning to its 52-week performance, $8.33 and $2.79 were the 52-week high and 52-week low respectively. Overall, ULCC moved 25.00% over the past month.
Frontier Group Holdings Inc’s market cap currently stands at around $1.61 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 964.06M for the company’s revenue for the quarter, with a low and high estimate of 955M and 975.39M respectively. The average forecast suggests up to a 8.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.74B, representing a 4.15% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ULCC is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 3 recommend ULCC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ULCC’s current price about 14.51% and 13.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.84, while 7-day volatility ratio is 6.98% and 6.56% in the 30-day chart. Further, Frontier Group Holdings Inc (ULCC) has a beta value of 2.38, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $8. Looking at the price targets, the low is 29.97% off current price level while to achieve the yearly target high, price needs to move -12.04%. Nonetheless, investors will most likely welcome a 1.96% jump to $7 which is the analysts’ median price.
If we refocus on Frontier Group Holdings Inc (NASDAQ:ULCC), historical trading data shows that trading volumes averaged 3.04 over the past 10 days and 2.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.52 million shares.
The 64.06% of Frontier Group Holdings Inc’s shares are in the hands of company insiders while institutional holders own 37.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.52 million on 2024-11-29, giving us a short ratio of 5.85. The data shows that as of 2024-11-29 short interest in Frontier Group Holdings Inc (ULCC) stood at 3586.9997999999996 of shares outstanding, with shares short falling to 16.93 million registered in 2024-10-31. Current price change has pushed the stock 28.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ULCC stock continues to rise going into the next quarter.
