Frontier Group Holdings Inc (NASDAQ: ULCC) on Monday, soared 3.41% from the previous trading day, before settling in for the closing price of $7.03. Within the past 52 weeks, ULCC’s price has moved between $2.79 and $8.33.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 20.07%. The company achieved an average annual earnings per share of -57.29%. With a float of $80.06 million, this company’s outstanding shares have now reached $223.00 million.
Considering the fact that the conglomerate employs 7235 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 4.96%, operating margin of -3.71%, and the pretax margin is -0.86%.
Frontier Group Holdings Inc (ULCC) Insider Activity
Observing investor behavior towards Airlines industry stocks is more important than anything else. The insider ownership of Frontier Group Holdings Inc is 64.34%, while institutional ownership is 36.61%. The most recent insider transaction that took place on Oct 04 ’24, was worth 60,000. In this transaction SVP, Human Resources of this company sold 10,000 shares at a rate of $6.00, taking the stock ownership to the 34,035 shares. Before that another transaction happened on Oct 04 ’24, when Company’s Officer proposed sale 10,000 for $6.00, making the entire transaction worth $60,000.
Frontier Group Holdings Inc (ULCC) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.14 earnings per share (EPS) for the period topping the consensus outlook (set at -0.17) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -57.29% per share during the next fiscal year.
Frontier Group Holdings Inc (NASDAQ: ULCC) Trading Performance Indicators
Frontier Group Holdings Inc (ULCC) is currently performing well based on its current performance indicators. A quick ratio of 0.48 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Frontier Group Holdings Inc (ULCC)
Compared to the last year’s volume of 2.08 million, its volume of 2.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.43%. Additionally, its Average True Range was 0.34.
During the past 100 days, Frontier Group Holdings Inc’s (ULCC) raw stochastic average was set at 99.01%, which indicates a significant increase from 97.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.37% in the past 14 days, which was lower than the 67.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.88, while its 200-day Moving Average is $5.53. Nevertheless, the first resistance level for the watch stands at $7.36 in the near term. At $7.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.57. If the price goes on to break the first support level at $7.14, it is likely to go to the next support level at $7.01. Should the price break the second support level, the third support level stands at $6.93.
Frontier Group Holdings Inc (NASDAQ: ULCC) Key Stats
Market capitalization of the company is 1.63 billion based on 223,958K outstanding shares. Right now, sales total 3,589 M and income totals -11,000 K. The company made 973,000 K in profit during its latest quarter, and 31,000 K in sales during its previous quarter.
