With 1.49 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.3 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $6.765 whereas the lowest price it dropped to was $6.55. The 52-week range on ULCC shows that it touched its highest point at $8.33 and its lowest point at $2.79 during that stretch. It currently has a 1-year price target of $6.41. Beta for the stock currently stands at 2.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ULCC was up-trending over the past week, with a rise of 15.60%, but this was up by 10.98% over a month. Three-month performance surged to 113.10% while six-month performance rose 6.72%. The stock gained 83.75% in the past year, while it has gained 22.16% so far this year. A look at the trailing 12-month EPS for ULCC yields -0.03 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.04. This implies an EPS growth rate of -69.70% for this year and 1363.02% for next year.
Float and Shares Shorts:
At present, 223.00 million ULCC shares are outstanding with a float of 80.08 million shares on hand for trading. On 2024-10-31, short shares totaled 16.93 million, which was 751.00005 higher than short shares on 1727654400. In addition to Mr. Barry L. Biffle as the firm’s CEO & Director, Mr. James G. Dempsey serves as its President.
Institutional Ownership:
Through their ownership of 0.5084 of ULCC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ULCC reported revenue of $935000000.0 and operating income of $19000000.0. The EBITDA in the recently reported quarter was $48000000.0 and diluted EPS was $0.11.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ULCC since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ULCC analysts setting a high price target of 8.0 and a low target of 4.0, the average target price over the next 12 months is 6.41. Based on these targets, ULCC could surge 19.94% to reach the target high and fall by -40.03% to reach the target low. Reaching the average price target will result in a decline of -3.9% from current levels.
Analysts have provided yearly estimates in a range of $0.06363175 being high and $0.00909025 being low. For ULCC, this leads to a yearly average estimate of $0.036361. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.01.
