With 2.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.89 million shares. The 52-week range on ULCC shows that it touched its highest point at $10.26 and its lowest point at $2.79 during that stretch. It currently has a 1-year price target of $9.67. Beta for the stock currently stands at 2.36.
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 down-trending over the past week, with a drop of -7.78%, but this was down by -15.31% over a month. Three-month performance surged to 14.48% while six-month performance rose 82.42%. The stock lost -16.69% in the past year, while it has lost -6.61% so far this year. A look at the trailing 12-month EPS for ULCC yields 0.37 with Next year EPS estimates of 1.07. For the next quarter, that number is 0.03. This implies an EPS growth rate of 284.50% for this year and 26.48% for next year. EPS is expected to grow by 95.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.57%.
Float and Shares Shorts:
At present, 225.44 million ULCC shares are outstanding with a float of 82.29 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.18905 being high and $0.0315075 being low. For ULCC, this leads to a yearly average estimate of $0.12603. Based on analyst estimates, the high estimate for the next quarter is $0.63 and the low estimate is $0.25. The average estimate for the next quarter is thus $0.33.
