Frontier Group Holdings Inc (NASDAQ: ULCC) Drops -8.17% Over A Month, But Analysts Still See Upside Potential

Frontier Group Holdings Inc (NASDAQ:ULCC) currently has a daily average trading volume of 1.75M but it saw 948827 shares traded in last market. With a market cap of 756.50M USD, the company’s current market price of $3.37 came falling about -3.71 while comparing to the previous closing price of $3.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.33 and as low as $2.79. In the recent trading on the day, stock has struck highest price mark of $3.34 while lowest mark touched by it was $3.52.

Taking a look at 20-day trading activity of Frontier Group Holdings Inc (ULCC) gives us an average price of $3.42, while its current price level is -59.54% below from 52-week high level whereas it is 20.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.09 while that of 200 days or SMA-200 reads an average of $5.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.63% during that period while stretching the period over a month that increases to 7.21%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.87 which implies that the stock is in neutral territory.

Over the week, ULCC’s stock price is moving -0.88% down while it is -8.17% when we observe its performance for the past one month. Year-to-date it is -38.28% down and over the past year, the stock is showing a downside performance of -49.93%.

The company is expected to be releasing its next quarterly report on 2024-Oct-22, for which analysts forecasted an EPS of -0.11 while estimate for next year EPS is -0.04. In next quarter, company is expected to be making quarterly sales of $998.81M as analysts are expecting the sales for current fiscal year at $3.77B and seeing the company making $4.41B in sales next year. Moreover, analysts are in estimates of $944.4M for current-quarter revenue.

Currently, Frontier Group Holdings Inc’s total number of outstanding shares is 223.00M with 61.20% of that held by the insiders while 50.27% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.72% and return on equity (ROE) at -11.79%. It has a 6.29 of forward P/E ratio. Stock’s beta reads 2.50. Stock has a price to book (P/B) ratio of 1.45 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is -1.23% on average.