With 5.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.1 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 $4.83. Beta for the stock currently stands at 2.57.
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 10.19%, but this was down by -7.50% over a month. Three-month performance dropped to -57.13% while six-month performance fell -43.71%. The stock lost -39.81% in the past year, while it has lost -50.56% so far this year. A look at the trailing 12-month EPS for ULCC yields 0.30 with Next year EPS estimates of 0.45. For the next quarter, that number is -0.12. This implies an EPS growth rate of -143.42% for this year and 574.71% for next year. EPS is expected to grow by 66.03% 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, 227.74 million ULCC shares are outstanding with a float of 83.61 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.
