In the latest trading session, 0.62 million Frontier Group Holdings Inc (NASDAQ:ULCC) shares changed hands as the company’s beta touched 2.52. With the company’s most recent per share price at $5.19 changing hands around $0.35 or 7.23% at last look, the market valuation stands at $1.17B. ULCC’s current price is a discount, trading about -60.5% off its 52-week high of $8.33. The share price had its 52-week low at $2.79, which suggests the last value was 46.24% up since then. When we look at Frontier Group Holdings Inc’s average trading volume, we note the 10-day average is 2.69 million shares, with the 3-month average coming to 1.96 million.
Analysts gave the Frontier Group Holdings Inc (ULCC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.25. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ULCC as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Frontier Group Holdings Inc’s EPS for the current quarter is expected to be -0.04.
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Frontier Group Holdings Inc (NASDAQ:ULCC) trade information
Instantly ULCC is in green as seen in intraday trades today. With action 23.57%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -4.95%, with the 5-day performance at 23.57% in the green. However, in the 30-day time frame, Frontier Group Holdings Inc (NASDAQ:ULCC) is 47.44% up. Looking at the short shares, we see there were 15.78 million shares sold at short interest cover period of 8.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 25.86% from its recent market value. According to analyst projections, ULCC’s forecast low is 3 with 25 as the target high. To hit the forecast high, the stock’s price needs a -381.7% plunge from its current level, while the stock would need to tank 42.2% for it to hit the projected low.
Frontier Group Holdings Inc (ULCC) estimates and forecasts
Data shows that the Frontier Group Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.82% over the past 6 months, a -108.33% in annual growth rate that is considerably lower than the industry average of -16.70%. Year-over-year growth is forecast to reach 4.40% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 942.09M. 8 analysts are of the opinion that Frontier Group Holdings Inc’s revenue for the current quarter will be 972.1M. The company’s revenue for the corresponding quarters a year ago was 896.01M and 891M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.10%. The estimates for the next quarter sales put growth at 9.10%.
The 2024 estimates are for Frontier Group Holdings Inc earnings to decrease by -64.54%.
ULCC Dividends
Frontier Group Holdings Inc is expected to release its next quarterly earnings report on 2024-Oct-22.
Frontier Group Holdings Inc (NASDAQ:ULCC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 61.20% of Frontier Group Holdings Inc shares while 50.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 129.56%. There are 50.27% institutions holding the Frontier Group Holdings Inc stock share, with INDIGO PARTNERS LLC the top institutional holder. As of 2024-06-30, the company held 14.3634% of the shares, roughly 32.09 million ULCC shares worth $158.21 million.
WILDCAT CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 12.5594% or 28.06 million shares worth $138.34 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were ETF Series Solutions-U.S. Global Jets ETF and Vanguard Total Stock Market Index Fund. With 6.56 shares estimated at $34.63 million under it, the former controlled 2.92% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.65% of the shares, roughly 1.46 shares worth around $7.72 million.
