Frontier Group Holdings Inc (NASDAQ:ULCC)’s traded shares stood at 3.15 million during the last session, with the company’s beta value hitting 2.51. At the close of trading, the stock’s price was $6.55, to imply a decrease of -1.80% or -$0.12 in intraday trading. The ULCC share’s 52-week high remains $8.33, putting it -27.18% down since that peak but still an impressive 57.4% since price per share fell to its 52-week low of $2.79. The company has a valuation of $1.48B, with an average of 1.96 million shares in intraday trading volume over the past 10 days and average of 2.25 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Frontier Group Holdings Inc (ULCC), translating to a mean rating of 3.09. Of 6 analyst(s) looking at the stock, 0 analyst(s) give ULCC a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.04.
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Frontier Group Holdings Inc (NASDAQ:ULCC) trade information
After registering a -1.80% downside in the last session, Frontier Group Holdings Inc (ULCC) has traded red over the past five days. The 5-day price performance for the stock is 1.39%, and 9.17% over 30 days. With these gigs, the year-to-date price performance is 19.96%. Short interest in Frontier Group Holdings Inc (NASDAQ:ULCC) saw shorts transact 16.93 million shares and set a 6.39 days time to cover.
The extremes give us $5 and $25 for target low and target high price respectively. As such, ULCC has been trading -281.68% off suggested target high and 23.66% from its likely low.
Frontier Group Holdings Inc (ULCC) estimates and forecasts
Looking at statistics comparing Frontier Group Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Frontier Group Holdings Inc (ULCC) shares are 7.38% up over the last 6 months, with its year-to-date growth rate lower than industry average at -66.67% against -12.80%. Revenue is forecast to grow 809.11% this quarter before jumping 51.48% for the next one. The rating firms project that company’s revenue will grow 4.13% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 962.4M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 944.62M.Earnings reports from the last fiscal year show that sales brought in 891M and 865M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.01% before jumping 9.21% in the following quarter.
ULCC Dividends
Frontier Group Holdings Inc has its next earnings report out on 2025-Feb-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Frontier Group Holdings Inc (NASDAQ:ULCC)’s Major holders
Frontier Group Holdings Inc insiders hold 61.17% of total outstanding shares, with institutional holders owning 50.45% of the shares at 129.92% float percentage. In total, 50.45% institutions holds shares in the company, led by INDIGO PARTNERS LLC. As of 2024-06-30, the company held over 32.09 million shares (or 14.3634% of shares), all amounting to roughly $158.21 million.
The next major institution holding the largest number of shares is WILDCAT CAPITAL MANAGEMENT, LLC with 28.06 million shares, or about 12.5594% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $138.34 million.
