The price-to-earnings ratio for United Airlines Holdings Inc (NASDAQ: UAL) is 6.38x, which is above its average ratio. Moreover, the 36-month beta value for UAL is 1.48. Analysts have varying 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 6.71% of that float. On May 06, 2024, UAL’s average trading volume was 10.09M shares.
UAL) stock’s latest price update
United Airlines Holdings Inc (NASDAQ: UAL)’s stock price has dropped by -0.06 in relation to previous closing price of 51.68. Nevertheless, the company has seen a loss of -2.25% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that The airline industry is flourishing despite a plethora of industry challenges. Three airline-related stocks offer great reward-to-risk zones.
UAL’s Market Performance
UAL’s stock has fallen by -2.25% in the past week, with a monthly rise of 19.50% and a quarterly rise of 24.85%. The volatility ratio for the week is 2.53% while the volatility levels for the last 30 days are 3.85% for United Airlines Holdings Inc. The simple moving average for the past 20 days is 7.05% for UAL’s stock, with a 17.16% 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 11.92% 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 -11.30% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +19.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.12% upper at present.
During the last 5 trading sessions, UAL fell by -2.25%, which changed the moving average for the period of 200-days by -5.75% in comparison to the 20-day moving average, which settled at $48.67. In addition, United Airlines Holdings Inc saw 25.18% 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 0.79. 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
To wrap up, the performance of United Airlines Holdings Inc (UAL) has been better in recent times. The stock has received a bullish of “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.
