Frontier Group Holdings Inc [NASDAQ: ULCC] traded at a high on Wednesday, posting a 1.93 gain after which it closed the day’ session at $6.85.
The results of the trading session contributed to over 3390948 shares changing hands. Over the past one week, the price volatility of Frontier Group Holdings Inc stands at 6.20% while the volatility over the past one month is 5.75%.
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The market cap for ULCC stock reached $1.54 billion, with 223.00 million shares outstanding and 80.06 million shares in the current float. Compared to the average trading volume of 2.20M shares, ULCC reached a trading volume of 3390948 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Frontier Group Holdings Inc [ULCC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ULCC shares is $5.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ULCC stock is a recommendation set at 3.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Frontier Group Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 22, 2024. The new note on the price target was released on September 30, 2024, representing the official price target for Frontier Group Holdings Inc stock. Previously, the target price had yet another raise from $3 to $4, while TD Cowen kept a Hold rating on ULCC stock.
The Average True Range (ATR) for Frontier Group Holdings Inc is set at 0.34, with the Price to Sales ratio for ULCC stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 2.96, with the Price to Cash per share for the same quarter was set at 2.93.
How has ULCC stock performed recently?
Frontier Group Holdings Inc [ULCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.13. With this latest performance, ULCC shares gained by 50.55% in over the last four-week period, additionally plugging by 7.70% over the last 6 months – not to mention a rise of 67.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ULCC stock in for the last two-week period is set at 74.68, with the RSI for the last a single of trading hit 75.36, and the three-weeks RSI is set at 72.71 for Frontier Group Holdings Inc [ULCC]. The present Moving Average for the last 50 days of trading for this stock 4.65, while it was recorded at 6.76 for the last single week of trading, and 5.50 for the last 200 days.
Frontier Group Holdings Inc [ULCC]: Deeper insight into the fundamentals
Frontier Group Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.48 and a Current Ratio set at 0.52.
Earnings analysis for Frontier Group Holdings Inc [ULCC]
With the latest financial reports released by the company, Frontier Group Holdings Inc posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ULCC.
Insider trade positions for Frontier Group Holdings Inc [ULCC]
There are presently around $51.72%, or 133.39%% of ULCC stock, in the hands of institutional investors. The top three institutional holders of ULCC stocks are: INDIGO PARTNERS LLC with ownership of 32.09 million shares, which is approximately 14.3634%. WILDCAT CAPITAL MANAGEMENT, LLC, holding 28.06 million shares of the stock with an approximate value of $$138.34 million in ULCC stocks shares; and WILDCAT CAPITAL MANAGEMENT, LLC, currently with $$37.11 million in ULCC stock with ownership which is approximately 3.3692%.
