Is There More Upside Ahead For Frontier Group Holdings Inc (NASDAQ: ULCC)

Frontier Group Holdings Inc (ULCC) concluded trading on Wednesday at a closing price of $4.06, with 3.85 million shares of worth about $15.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.87% during that period and on September 11, 2024 the price saw a gain of about 3.05%. Currently the company’s common shares owned by public are about 223.00M shares, out of which, 79.82M shares are available for trading.

Stock saw a price change of 11.54% in past 5 days and over the past one month there was a price change of 42.96%. Year-to-date (YTD), ULCC shares are showing a performance of -25.64% which decreased to -34.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.79 but also hit the highest price of $8.33 during that period. The average intraday trading volume for Frontier Group Holdings Inc shares is 1.71 million. The stock is currently trading 15.19% above its 20-day simple moving average (SMA20), while that difference is up 8.41% for SMA50 and it goes to -25.07% lower than SMA200.

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Frontier Group Holdings Inc (NASDAQ: ULCC) currently have 223.00M outstanding shares and institutions hold larger chunk of about 35.38% of that.

The stock has a current market capitalization of $911.39M and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$0.29 in the same period. It has Quick Ratio of 0.48 while making debt-to-equity ratio of 7.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ULCC, volatility over the week remained 8.56% while standing at 5.95% over the month.

Stock’s fiscal year EPS is expected to drop by -170.57% while it is estimated to increase by 671.32% in next year.

Coverage by TD Cowen stated Frontier Group Holdings Inc (ULCC) stock as a Hold in their note to investors on July 17, 2024, suggesting a price target of $4 for the stock. On July 05, 2024, Raymond James Downgrade their recommendations, while on May 03, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $6.50. Stock get a Neutral rating from UBS on March 20, 2024.

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