Frontier Group Holdings Inc (NASDAQ: ULCC) is 19.96% higher on its value in year-to-date trading and has touched a low of $2.79 and a high of $8.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ULCC stock was last observed hovering at around $6.67 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $6.55, the stock is 0.26% and 17.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing -1.80% at the moment leaves the stock 16.78% off its SMA200. ULCC registered 88.22% gain for a year compared to 6-month loss of 7.38%. The firm has a 50-day simple moving average (SMA 50) of $5.4947 and a 200-day simple moving average (SMA200) of $5.601025.
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The stock witnessed a 9.17% gain in the last 1 month and extending the period to 3 months gives it a 92.65%, and is 1.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.06% over the week and 6.52% over the month.
Frontier Group Holdings Inc (ULCC) has around 7235 employees, a market worth around $1.48B and $3.66B in sales. Fwd P/E is 12.31. Profit margin for the company is -0.16%. Distance from 52-week low is 134.77% and -21.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.15%).
The EPS is expected to shrink by -69.70% this year
213.0 institutions hold shares in Frontier Group Holdings Inc (ULCC), with institutional investors hold 129.92% of the company’s shares. The shares outstanding are 223.00M, and float is at 80.66M with Short Float at 20.99%. Institutions hold 50.45% of the Float.
The top institutional shareholder in the company is INDIGO PARTNERS LLC with over 32.09 million shares valued at $158.21 million. The investor’s holdings represent 14.3634 of the ULCC Shares outstanding. As of 2024-06-30, the second largest holder is WILDCAT CAPITAL MANAGEMENT, LLC with 28.06 million shares valued at $138.34 million to account for 12.5594 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.53 million shares representing 3.3692 and valued at over $37.11 million, while VANGUARD GROUP INC holds 2.1081 of the shares totaling 4.71 million with a market value of $23.22 million.
Frontier Group Holdings Inc (ULCC) Insider Activity
The most recent transaction is an insider sale by Schuller Steve, the company’s SVP, Human Resources. SEC filings show that Schuller Steve sold 10,000 shares of the company’s common stock on Oct 04 ’24 at a price of $6.00 per share for a total of $60000.0. Following the sale, the insider now owns 34035.0 shares.
Still, SEC filings show that on May 16 ’24, Wetzel Josh A (VP & CAO) disposed off 11,000 shares at an average price of $6.00 for $66000.0. The insider now directly holds 1,052 shares of Frontier Group Holdings Inc (ULCC).
