Frontier Group Holdings Inc (NASDAQ:ULCC) price on Wednesday, May 09, rose 0.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.02.
A look at the stock’s price movement, the close in the last trading session was $6.00. Turning to its 52-week performance, $10.57 and $3.19 were the 52-week high and 52-week low respectively. Overall, ULCC moved -18.10% over the past month.
Frontier Group Holdings Inc’s market cap currently stands at around $1.35 billion.
Analysts have a consensus estimate of 1.05B for the company’s revenue for the quarter, with a low and high estimate of 1.04B and 1.06B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.1B, representing a 14.30% 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
ULCC’s current price about -6.90% and -14.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.32, while 7-day volatility ratio is 7.42% and 5.41% in the 30-day chart. Further, Frontier Group Holdings Inc (ULCC) has a beta value of 2.63, and an average true range (ATR) of 0.38.
If we refocus on Frontier Group Holdings Inc (NASDAQ:ULCC), historical trading data shows that trading volumes averaged 1.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 223.00 million shares.
The 47.16% of Frontier Group Holdings Inc’s shares are in the hands of company insiders while institutional holders own 31.22% of the company’s shares. Current price change has pushed the stock 10.26% 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.
