The stock of United Airlines Holdings Inc (UAL) has seen a -0.12% decrease in the past week, with a -10.73% drop in the past month, and a -24.40% decrease in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are at 4.41% for UAL. The simple moving average for the last 20 days is -4.60% for UAL’s stock, with a simple moving average of -7.67% for the last 200 days.
Is It Worth Investing in United Airlines Holdings Inc (NASDAQ: UAL) Right Now?
The price-to-earnings ratio for United Airlines Holdings Inc (NASDAQ: UAL) is above average at 4.70x, Company’s 36-month beta value is 1.44.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.”
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The public float for UAL is 327.12M, and currently, short sellers hold a 4.34% ratio of that floaft. The average trading volume of UAL on August 16, 2024 was 7.29M shares.
UAL) stock’s latest price update
United Airlines Holdings Inc (NASDAQ: UAL)’s stock price has gone decline by -2.93 in comparison to its previous close of 42.66, however, the company has experienced a -0.12% decrease in its stock price over the last five trading days. forbes.com reported 2024-08-16 that A civil suit which alleged United Airlines had used ‘greenwashing’ to lure passengers into paying higher fares was dismissed in the District Court of Maryland this week because it would preempt the Airline Deregulation Act of 1978. Greenwashing involves unfounded or unprovable claims of environmental sustainability.
Analysts’ Opinion of UAL
Many brokerage firms have already submitted their reports for UAL stocks, with TD Cowen repeating the rating for UAL by listing it as a “Buy.” The predicted price for UAL in the upcoming period, according to TD Cowen is $80 based on the research report published on July 17, 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 $70. The rating they have provided for UAL stocks is “Buy” according to the report published on June 06th, 2024.
Jefferies gave a rating of “Buy” to UAL, setting the target price at $65 in the report published on May 29th of the current year.
UAL Trading at -11.33% 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 -26.28% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares sank -13.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.55% lower at present.
During the last 5 trading sessions, UAL rose by +0.12%, which changed the moving average for the period of 200-days by +19.28% in comparison to the 20-day moving average, which settled at $43.09. In addition, United Airlines Holdings Inc saw 0.37% 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:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for United Airlines Holdings Inc stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 32.21, with 4.01 for asset returns.
Based on United Airlines Holdings Inc (UAL), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 2.58. The interest coverage ratio of the stock is 5.43.
Currently, EBITDA for the company is 7.83 billion with net debt to EBITDA at 3.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 23.42for 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 0.77.
Conclusion
In a nutshell, United Airlines Holdings Inc (UAL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
