Frontier Group Holdings Inc (NASDAQ:ULCC) price on Thursday, January 16, rose 0.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.26.
A look at the stock’s price movement, the close in the last trading session was $8.24, moving within a range at $8.05 and $8.385. The beta value (5-Year monthly) was 2.513. Turning to its 52-week performance, $8.43 and $2.79 were the 52-week high and 52-week low respectively. Overall, ULCC moved 30.90% over the past month.
Frontier Group Holdings Inc’s market cap currently stands at around $1.86 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 982.72M for the company’s revenue for the quarter, with a low and high estimate of 963.52M and 994.41M respectively. The average forecast suggests up to a 10.29% 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 3.75B, representing a 4.60% 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 100% 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 100% 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 11.25% and 24.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.27, while 7-day volatility ratio is 3.56% and 5.63% in the 30-day chart. Further, Frontier Group Holdings Inc (ULCC) has a beta value of 2.33, and an average true range (ATR) of 0.42. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $8.5. Looking at the price targets, the low is 39.47% off current price level while to achieve the yearly target high, price needs to move -2.91%. Nonetheless, investors will most likely welcome a 15.25% 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 2.52 over the past 10 days and 2.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.52 million shares.
The 64.11% 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 15.89 million on 2024-12-31, giving us a short ratio of 6.34. The data shows that as of 2024-12-31 short interest in Frontier Group Holdings Inc (ULCC) stood at 3673.0000000000005 of shares outstanding, with shares short rising to 15.52 million registered in 2024-11-29. Current price change has pushed the stock 16.17% 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.
