The trading price of Frontier Group Holdings Inc (NASDAQ:ULCC) closed higher on Monday, February 10, and closing at $10.06, 7.71% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $9.015 and $10.26. The company’s P/E ratio in the trailing 12-month period was 27.52, while its 5Y monthly beta was 2.513. In examining the 52-week price action we see that the stock hit a 52-week high of $9.67 and a 52-week low of $2.79. Over the past month, the stock has gained 23.28% in value.
Frontier Group Holdings Inc, whose market valuation is $2.27 billion at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.05 per share this quarter, however they have predicted annual earnings per share of 0.97 for current year and 1.05 for next year.
Analysts have forecast the company to bring in revenue of 1.01B for the current quarter, with the likely lows of 1.01B and highs of 1.02B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 4.42B.
On the technical side, indicators suggest ULCC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ULCC a recommendation rating is 6. Out of them, 3 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Frontier Group Holdings Inc (ULCC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.29, which symbolizes a positive outlook. A quick review shows that ULCC’s price is currently 19.64% off the SMA20 and 36.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.80, and weekly volatility stands at 6.83%. When measured over the past 30 days, the indicator reaches 5.35%. Frontier Group Holdings Inc (NASDAQ:ULCC)’s beta value is currently sitting at 2.34, while the Average True Range indicator is currently displaying 0.57. With analysts defining $5-$8.5 as the low and high price targets, we arrive at a consensus price target of $7.08 for the trailing 12-month period. The current price is about 50.3% off the estimated low and 15.51% off the forecast high, based on this estimate. Investors will be thrilled if ULCC’s share price rises to $7.075, which is the median consensus price. At that level, ULCC’s share price would be 29.67% above current price.
To see how Frontier Group Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ULCC stock’s performance was 7.71% in the latest trading, and 46.01% in the past year. Frontier Group Holdings Inc has a P/E ratio of 27.52.
An evaluation of the daily trading volume of Frontier Group Holdings Inc (NASDAQ:ULCC) indicates that the 3-month average is 2.60 million. However, this figure has increased over the past 10 days to an average of 3.01.
Currently, records show that 225.37 million of the company’s shares remain outstanding. The insiders hold 64.27% of outstanding shares, whereas institutions hold 37.13%. The stats also highlight that short interest as of 2025-01-15, stood at 15.04 million shares, resulting in a short ratio of 6.31 at that time. From this, we can conclude that short interest is 3477.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 14.96 million. However, since the stock’s price has seen 41.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
