United Airlines Holdings Inc (NASDAQ: UAL) has a price-to-earnings ratio of 6.53x that is above its average ratio. Additionally, the 36-month beta value for UAL is 1.48. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The public float for UAL is 327.12M and currently, short sellers hold a 6.71% ratio of that float. The average trading volume of UAL on April 29, 2024 was 9.99M shares.
UAL) stock’s latest price update
United Airlines Holdings Inc (NASDAQ: UAL) has experienced a decline in its stock price by -1.25 compared to its previous closing price of 53.51. However, the company has seen a gain of 2.84% in its stock price over the last five trading days. InvestorPlace reported 2024-04-27 that Top travel stocks are catching investors’ eyes with consumer spending patterns revealing resilience despite the economic headwinds. Though the concerns over a hard landing remain, data indicates that consumers are still happily opening their wallets for travel experiences.
UAL’s Market Performance
United Airlines Holdings Inc (UAL) has experienced a 2.84% rise in stock performance for the past week, with a 11.85% rise in the past month, and a 24.18% rise in the past quarter. The volatility ratio for the week is 3.88%, and the volatility levels for the past 30 days are at 4.10% for UAL. The simple moving average for the last 20 days is 13.14% for UAL’s stock, with a simple moving average of 19.69% for the last 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 16.75% 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 -9.26% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 3.88%, as shares surge +10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.37% upper at present.
During the last 5 trading sessions, UAL rose by +2.84%, which changed the moving average for the period of 200-days by -4.62% in comparison to the 20-day moving average, which settled at $46.95. In addition, United Airlines Holdings Inc saw 28.07% 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 Gebo Kate, who sale 15,000 shares at the price of $50.86 back on Apr 18 ’24. After this action, Gebo Kate now owns 57,512 shares of United Airlines Holdings Inc, valued at $762,915 using the latest closing price.
Gebo Kate, the EVP HR and Labor Relations of United Airlines Holdings Inc, sale 15,000 shares at $50.82 during a trade that took place back on Apr 18 ’24, which means that Gebo Kate is holding 57,512 shares at $762,360 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 0.8. 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 conclusion, United Airlines Holdings Inc (UAL) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
