Frontier Group Holdings Inc (NASDAQ:ULCC) price closed lower on Friday, April 12, dropping -5.08% below its previous close.
A look at the daily price movement shows that the last close reads $7.08. The company’s 5Y monthly beta was ticking 2.58. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.57 and 52-week low of $3.19. The stock subtracted -11.70% on its value in the past month.
Frontier Group Holdings Inc, which has a market valuation of $1.50 billion, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ULCC a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that ULCC’s price is at present -8.41% off the SMA20 and -6.58% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.17, with weekly volatility standing at 5.36%. The indicator jumps to 6.00% when calculated based on the past 30 days. Frontier Group Holdings Inc (NASDAQ:ULCC)’s beta value is holding at 2.59, while the average true range (ATR) indicator is currently reading 0.44. An analysis of the Frontier Group Holdings Inc (NASDAQ:ULCC) stock in terms of its daily trading volume indicates that the 3-month average is 2.42 million.
Current records show that the company has 223.00M in outstanding shares. The insiders’ percentage holdings are 31.68% of outstanding shares while the percentage share held by institutions stands at 34.11%. But the 23.08% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
