Frontier Group Holdings Inc (NASDAQ:ULCC) has a beta value of 2.45 and has seen 3.28 million shares traded in the last trading session. The company, currently valued at $1.26B, closed the last trade at $5.57 per share which meant it lost -$0.18 on the day or -3.13% during that session. The ULCC stock price is -49.55% off its 52-week high price of $8.33 and 49.91% above the 52-week low of $2.79. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.04 million shares traded. The 3-month trading volume is 2.48 million shares.
The consensus among analysts is that Frontier Group Holdings Inc (ULCC) is Buy stock at the moment, with a recommendation rating of 3.08. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
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Frontier Group Holdings Inc (NASDAQ:ULCC) trade information
Sporting -3.13% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ULCC stock price touched $5.57 or saw a rise of 7.01%. Year-to-date, Frontier Group Holdings Inc shares have moved 2.01%, while the 5-day performance has seen it change 3.34%. Over the past 30 days, the shares of Frontier Group Holdings Inc (NASDAQ:ULCC) have changed -23.38%. Short interest in the company has seen 16.93 million shares shorted with days to cover at 6.39.
Wall Street analysts have a consensus price target for the stock at $7.58, which means that the shares’ value could jump 26.52% from current levels. The projected low price target is $5.0 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -348.83% off the targeted high while a plunge would see the stock lose 10.23% from current levels.
Frontier Group Holdings Inc (ULCC) estimates and forecasts
Figures show that Frontier Group Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 5.89% over the past 6 months, with this year growth rate of -66.67%, compared to -13.80% for the industry. Revenue growth from the last financial year stood is estimated to be 4.13%.
6 analysts offering their estimates for the company have set an average revenue estimate of 962.4M for the current quarter. 3 have an estimated revenue figure of 944.62M for the next ending quarter. Year-ago sales stood 891M and 865M respectively for this quarter and the next, and analysts expect sales will grow by 8.01% for the current quarter and 4.13% for the next.
ULCC Dividends
Frontier Group Holdings Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Frontier Group Holdings Inc (NASDAQ:ULCC)’s Major holders
Insiders own 46.98% of the company shares, while shares held by institutions stand at 52.06% with a share float percentage of 98.20%. Investors are also buoyed by the number of investors in a company, with Frontier Group Holdings Inc having a total of 200.0 institutions that hold shares in the company. The top two institutional holders are INDIGO PARTNERS LLC with over 32.09 million shares worth more than $158.21 million. As of 2024-06-30, INDIGO PARTNERS LLC held 14.3634% of shares outstanding.
The other major institutional holder is WILDCAT CAPITAL MANAGEMENT, LLC, with the holding of over 28.06 million shares as of 2024-06-30. The firm’s total holdings are worth over $138.34 million and represent 12.5594% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ETF Series Solutions-U.S. Global Jets ETF and Vanguard Total Stock Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.91% shares in the company for having 6.56 shares of worth $36.53 million while later fund manager owns 1.46 shares of worth $8.14 million as of Jun 30, 2024 , which makes it owner of about 0.65% of company’s outstanding stock.
