Currently, there are 217.88M common shares owned by the public and among those 38.93M shares have been available to trade.
Insiders at the company have transacted a total of 90 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 3,297,928 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 2,494,076 shares.
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However, the script later moved the day high at 6.39, up 20.78%. The company’s stock has a 5-day price change of 23.66% and 58.67% over the past three months. ULCC shares are trading 13.92% year to date (YTD), with the 12-month market performance down to -54.80% lower. It has a 12-month low price of $3.19 and touched a high of $14.03 over the same period. ULCC has an average intraday trading volume of 2.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.60%, 27.07%, and -5.08% respectively.
Institutional ownership of Frontier Group Holdings Inc (NASDAQ: ULCC) shares accounts for 21.84% of the company’s 217.88M shares outstanding.
It has a market capitalization of $1.37B and a beta (3y monthly) value of 2.38. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.26% over the week and 7.68% over the month.
Analysts forecast that Frontier Group Holdings Inc (ULCC) will achieve an EPS of -$0.23 for the current quarter, -$0.24 for the next quarter and $0.06 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.3 while analysts give the company a high EPS estimate of -$0.16. Comparatively, EPS for the current quarter was $0.18 a year ago. Earnings per share for the fiscal year are expected to increase by 166.92%, and 95.82% over the next financial year.
Looking at the support for the ULCC, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on January 09, 2024, with the firm’s price target at $8-$6.
