Frontier Group Holdings Inc (ULCC) Is A Buy According To Analysts

Frontier Group Holdings Inc (NASDAQ:ULCC) has a beta value of 2.63 and has seen 1.77 million shares traded in the last trading session. The company, currently valued at $1.39B, closed the last trade at $6.21 per share which meant it gained $0.09 on the day or 1.47% during that session. The ULCC stock price is -70.21% off its 52-week high price of $10.57 and 48.63% above the 52-week low of $3.19. The 3-month trading volume is 2.16 million shares.

Frontier Group Holdings Inc (NASDAQ:ULCC) trade information

Sporting 1.47% in the green in last session, the stock has traded in the red over the last five days, when the ULCC stock price touched $6.21 or saw a rise of 10.65%. Year-to-date, Frontier Group Holdings Inc shares have moved 13.74%, while the 5-day performance has seen it change -12.66%. Over the past 30 days, the shares of Frontier Group Holdings Inc (NASDAQ:ULCC) have changed -23.43%.

Frontier Group Holdings Inc (ULCC) estimates and forecasts

Figures show that Frontier Group Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 48.21% over the past 6 months, with this year growth rate of 250.00%, compared to -3.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -200.00% and -45.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.90%.

8 analysts offering their estimates for the company have set an average revenue estimate of $861.58 million for the current quarter. 8 have an estimated revenue figure of $1.06 billion for the next quarter concluding in Jun 2024.

ULCC Dividends

Frontier Group Holdings Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.