Frontier Group Holdings Inc (NASDAQ:ULCC) traded at $7.00 at close of the session on Tuesday, March 19, made a downward move of -3.85% on its previous day’s price.
Looking at the stock we see that its previous close was $7.28 and the beta (5Y monthly) reads 2.55 . In terms of its 52-week price range, ULCC has a high of $10.57 and a low of $3.19. The company’s stock has lost about -12.28% over that past 30 days.
Frontier Group Holdings Inc has a market cap of $1.56 billion and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.18, with the EPS growth for the year raised at $0.41 for 2024 and $0.93 for next year. These figures represent 241.70% and 126.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $854.13 million, with a low of $839 million and a high of $864.99 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.07 billion, or 13.40% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ULCC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -5.16% off its SMA20 and 9.37% from its 50-day simple moving average. The RSI (14) is pointing at 47.58 while the volatility over the past week is 4.70% and jumps to 5.45% over the past one month. The beta value is 2.55, while the average true range (ATR) is currently pointing at 0.41.
Coming back to Frontier Group Holdings Inc (NASDAQ:ULCC), we note that the average 3-month trading volume was 2.63 million, while that of the preceding 10-day period stands at 2.32 million. Current shares outstanding are 223.00 million.
The insiders hold 81.59% of the company’s shares while institutions hold 21.54%. The data shows that short shares as of Feb 29, 2024, stood at 12.34 million at a short ratio of 4.4. This represents a 5.52% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 14.04 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 28.21% up in year-to-date price movement.
