Down -36.7% in 4 Weeks, Here's Why Frontier Group (ULCC) Looks Ripe for a Turnaround

Core Viewpoint - Frontier Group Holdings (ULCC) has experienced significant selling pressure, resulting in a 36.7% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Stock Performance and Technical Indicators - ULCC's stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 23.48, indicating a potential reversal in trend [5] - The RSI is a momentum oscillator that helps identify oversold conditions when the reading falls below 30, suggesting that the stock may be undervalued due to excessive selling [2][3] Group 2: Earnings Estimates and Analyst Sentiment - There is a consensus among sell-side analysts that earnings estimates for ULCC have increased by 0.4% over the last 30 days, which typically correlates with price appreciation [6] - ULCC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for a turnaround [7]