During the last session, Frontier Group Holdings Inc (NASDAQ:ULCC)’s traded shares were 2.4 million, with the beta value of the company hitting 2.44. At the end of the trading day, the stock’s price was $5.26, reflecting an intraday loss of -1.50% or -$0.08. The 52-week high for the ULCC share is $10.26, that puts it down -95.06 from that peak though still a striking 46.96% gain since the share price plummeted to a 52-week low of $2.79. The company’s market capitalization is $1.20B, and the average intraday trading volume over the past 10 days was 2.56 million shares, and the average trade volume was 2.88 million shares over the past three months.
Frontier Group Holdings Inc (ULCC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.08. ULCC has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
Frontier Group Holdings Inc (NASDAQ:ULCC) trade information
Frontier Group Holdings Inc (ULCC) registered a -1.50% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.50% in intraday trading to $5.26, hitting a weekly high. The stock’s 5-day price performance is -11.74%, and it has moved by -29.87% in 30 days. Based on these gigs, the overall price performance for the year is -24.21%. The short interest in Frontier Group Holdings Inc (NASDAQ:ULCC) is 14.25 million shares and it means that shorts have 4.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.08, which implies an increase of 25.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $8.5 respectively. As a result, ULCC is trading at a discount of -61.6% off the target high and 4.94% off the low.
Frontier Group Holdings Inc (ULCC) estimates and forecasts
In the rating firms’ projections, revenue will increase 15.73% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 996.05M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 1.12B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 865M and 973M respectively. In this case, analysts expect current quarter sales to grow by 15.15% and then jump by 14.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.57%. While earnings are projected to return 259.93% in 2025, the next five years will return 87.98% per annum.
ULCC Dividends
Frontier Group Holdings Inc is due to release its next quarterly earnings on 2025-Feb-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Frontier Group Holdings Inc (NASDAQ:ULCC)’s Major holders
Frontier Group Holdings Inc insiders own 46.48% of total outstanding shares while institutional holders control 51.43%, with the float percentage being 96.08%. INDIGO PARTNERS LLC is the largest shareholder of the company, while 217.0 institutions own stock in it. As of 2024-06-30, the company held over 32.09 million shares (or 14.3131% of all shares), a total value of $158.21 million in shares.
The next largest institutional holding, with 28.06 million shares, is of WILDCAT CAPITAL MANAGEMENT, LLC’s that is approximately 12.5154% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $138.34 million.
