Frontier Group Holdings Inc (NASDAQ:ULCC) shares, rose in value, with the stock price down by -5.36% to the previous day’s close as strong demand from buyers drove the stock to $6.36.
Actively observing the price movement in the last trading, the stock closed the session at $6.72. Referring to stock’s 52-week performance, its high was $10.57, and the low was $3.19. On the whole, ULCC has fluctuated by -16.97% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.18, which is expected to increase to $0.29 for fiscal year $0.38 and then to about $0.85 by fiscal year 2025. Data indicates that the EPS growth is expected to be 216.70% in 2025, while the next year’s EPS growth is forecast to be 123.70%.
Analysts have estimated the company’s revenue for the quarter at $861.58 million, with a low estimate of $854 million and a high estimate of $878.9 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.09 billion, representing an increase of 13.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ULCC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ULCC currently trading nearly -11.20% and -13.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.29, while the 7-day volatility ratio is showing 4.56% which for the 30-day chart, stands at 5.42%. Furthermore, Frontier Group Holdings Inc (ULCC)’s beta value is 2.60, and its average true range (ATR) is 0.41.
A comparison of Frontier Group Holdings Inc (ULCC) with its peers suggests the former has fared considerably weaker in the market. ULCC showed an intraday change of -5.36% in last session, and over the past year, it shrunk by -32.27%%.
Data on historical trading for Frontier Group Holdings Inc (NASDAQ:ULCC) indicates that the trading volumes over the past 3 months, they’ve averaged 2.20 million. According to company’s latest data on outstanding shares, there are 223.00 million shares outstanding.
Nearly 47.17% of Frontier Group Holdings Inc’s shares belong to company insiders and institutional investors own 33.88% of the company’s shares. The stock has risen by 16.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ULCC stock heading into the next quarter.
