The price-to-earnings ratio for United Airlines Holdings Inc (NASDAQ: UAL) is above average at 6.35x, Company’s 36-month beta value is 1.48.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for UAL is 327.08M, and currently, short sellers hold a 5.13% ratio of that floaft. The average trading volume of UAL on April 22, 2024 was 10.25M shares.
UAL) stock’s latest price update
United Airlines Holdings Inc (NASDAQ: UAL) has seen a decline in its stock price by -0.08 in relation to its previous close of 51.42. However, the company has experienced a 22.92% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-21 that While revenge travel may be a fading concept, consumers still value accruing their vacation hours, potentially boding well for certain travel stocks to buy now. According to a Deloitte report, we may be moving into a new era of travel prioritization.
UAL’s Market Performance
United Airlines Holdings Inc (UAL) has seen a 22.92% rise in stock performance for the week, with a 11.74% gain in the past month and a 32.35% surge in the past quarter. The volatility ratio for the week is 6.01%, and the volatility levels for the past 30 days are at 3.80% for UAL. The simple moving average for the past 20 days is 14.28% for UAL’s stock, with a 16.22% 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 16.38% 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 -11.76% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 6.01%, as shares surge +10.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.47% upper at present.
During the last 5 trading sessions, UAL rose by +22.92%, which changed the moving average for the period of 200-days by -7.64% in comparison to the 20-day moving average, which settled at $45.20. In addition, United Airlines Holdings Inc saw 24.53% 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
- 0.21 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 33.91, with 3.78 for asset returns.
Based on United Airlines Holdings Inc (UAL), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 3.02. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 7.83 billion with net debt to EBITDA at 3.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 24.27for 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 0.75.
Conclusion
In a nutshell, United Airlines Holdings Inc (UAL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
