United Airlines Holdings Inc (NASDAQ: UAL) has experienced a decline in its stock price by -2.88 compared to its previous closing price of 43.04. However, the company has seen a fall of -3.22% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-14 that Wall Street Brunch: Oil Market In Focus After Iran Attack On Israel
Is It Worth Investing in United Airlines Holdings Inc (NASDAQ: UAL) Right Now?
United Airlines Holdings Inc (NASDAQ: UAL) has a price-to-earnings ratio that is above its average at 5.30x. The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for UAL is 326.31M, and at present, short sellers hold a 5.15% of that float. On April 15, 2024, the average trading volume of UAL was 9.03M shares.
UAL’s Market Performance
UAL’s stock has seen a -3.22% decrease for the week, with a -2.87% drop in the past month and a -6.09% fall in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 3.08% for United Airlines Holdings Inc. The simple moving average for the past 20 days is -6.55% for UAL’s stock, with a -6.00% simple moving average for the past 200 days.
Analysts’ Opinion of UAL
Many brokerage firms have already submitted their reports for UAL stocks, with UBS repeating the rating for UAL by listing it as a “Neutral.” The predicted price for UAL in the upcoming period, according to UBS is $47 based on the research report published on March 20, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see UAL reach a price target of $50. The rating they have provided for UAL stocks is “Neutral” according to the report published on February 13th, 2024.
Evercore ISI gave a rating of “Outperform” to UAL, setting the target price at $65 in the report published on February 09th of the current year.
UAL Trading at -4.49% from the 50-Day Moving Average
After a stumble in the market that brought UAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.22% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares sank -2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.01% upper at present.
During the last 5 trading sessions, UAL fell by -3.22%, which changed the moving average for the period of 200-days by -25.40% in comparison to the 20-day moving average, which settled at $44.68. In addition, United Airlines Holdings Inc saw 1.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UAL starting from KENNEDY JAMES A C, who purchase 1,500 shares at the price of $36.67 back on Nov 07 ’23. After this action, KENNEDY JAMES A C now owns 29,363 shares of United Airlines Holdings Inc, valued at $55,005 using the latest closing price.
KENNEDY JAMES A C, the Director of United Airlines Holdings Inc, purchase 4,500 shares at $36.43 during a trade that took place back on Nov 06 ’23, which means that KENNEDY JAMES A C is holding 27,863 shares at $163,922 based on the most recent closing price.
Stock Fundamentals for UAL
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.24 for the gross margin
The net margin for United Airlines Holdings Inc stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 32.28, with 3.59 for asset returns.
Based on United Airlines Holdings Inc (UAL), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 3.2. The interest coverage ratio of the stock is 2.33.
Currently, EBITDA for the company is 7.83 billion with net debt to EBITDA at 4.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 28.3for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To sum up, United Airlines Holdings Inc (UAL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
