Frontier Group Holdings Inc (NASDAQ: ULCC) is 28.21% 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 $7.12 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.14, the stock is 14.51% and 13.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 0.28% at the moment leaves the stock 30.36% off its SMA200. ULCC registered 24.56% gain for a year compared to 6-month gain of 48.94%. The firm has a 50-day simple moving average (SMA 50) of $6.2687 and a 200-day simple moving average (SMA200) of $5.479125.
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The stock witnessed a 25.00% loss in the last 1 month and extending the period to 3 months gives it a 52.17%, and is 7.86% 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 6.98% over the week and 6.56% over the month.
Frontier Group Holdings Inc (ULCC) has around 7235 employees, a market worth around $1.61B and $3.66B in sales. Fwd P/E is 13.57. Profit margin for the company is -0.16%. Distance from 52-week low is 155.91% and -14.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.15%).
with sales reaching $964.06M over the same period.The EPS is expected to shrink by -68.36% this year, but quarterly earnings will post 4.15% year-over-year. Quarterly sales are estimated to grow 8.20% in year-over-year returns.
198.0 institutions hold shares in Frontier Group Holdings Inc (ULCC), with institutional investors hold 98.17% of the company’s shares. The shares outstanding are 224.52M, and float is at 80.99M with Short Float at 18.47%. Institutions hold 52.06% 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
Frontier Group Holdings Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Connor Josh T. (Director) sold a total of 120,000 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $5.79 per share for $0.69 million. Following the transaction, the insider now directly holds 0.12 million shares of the ULCC stock.
Still, SEC filings show that on Dec 05 ’24, Connor Josh T. (Director) disposed off 60,000 shares at an average price of $6.00 for $0.36 million. The insider now directly holds 236,550 shares of Frontier Group Holdings Inc (ULCC).
