United Airlines Holdings Inc. (NASDAQ:UAL) finished Thursday with a subtraction of -$0.99 to close at $49.40, a downside of -1.96 percent. An average of 4,147,960 shares of common stock have been traded in the last five days. There was a fall of -$0.13 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 4,796,785 shares traded, while the 50-day average volume stands at 6,259,364.
UAL stock has decreased by -9.47% in the last month. The company shares reached their 1-month lowest point of $48.55 on 08/18/23. With the stock rallying to its 52-week high on 07/21/23, shares of the company touched a low of $31.58 and a high of $58.23 in 52 weeks. It has reached a new high 17 times so far this year and achieved 31.03% or $11.70 in price. In spite of this, the price is down -15.16% from the 52-week high.
Insider Transactions
UAL stock investors should be aware that United Airlines Holdings Inc. (UAL) stock had its last reported insider trading activity 32 days ago on Jul 24. In this transaction, the insider spent $256,212. EVP & Chief Growth Officer, Hart Gregory L, disposed of 12,000 shares at a price of $52.26 on Jun 15. The insider now owns more than $627,120 worth of shares. Prior to that, Vice President & Controller KENNY CHRIS went on to Sale 16,000 shares at $48.94 each on Feb 10. An amount of $783,070 was transacted.
Valuation Metrics
United Airlines Holdings Inc. (UAL) has a trailing price-to-earnings (P/E) ratio of 6.19. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, the price-to-book (PB) ratio at 2.10, and the price-to-cash flow ratio at 9.56.
Financial Health
The quick ratio of United Airlines Holdings Inc. for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.49 and a total debt to equity ratio of 3.98 for the quarter ending June 29. United Airlines Holdings Inc.’s EBITDA margin for the year ending June 29 is 10.97%, while its operating margin for the same period stands at 8.50%. Its gross profit as reported stood at $27.39 billion compared to revenue of $44.95 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, United Airlines Holdings Inc.’s return on assets was 3.80%.
Earnings Surprise
For the three-month period that ended June 29, United Airlines Holdings Inc. had $26.71 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.07 billion in the quarter, while revenues were grew 69.4%. The analyst consensus anticipated United Airlines Holdings Inc.’s latest quarter earnings to come in at $4.03 per share, but it turned out to be $5.03, a 24.80% surprise. For the quarter, EBITDA amounted to $1.52 billion. Shareholders own equity worth $327.98 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at United Airlines Holdings Inc. (UAL) price momentum. RSI 9-day as of the close on 24 August was 34.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.09%.
As of today, UAL’s price is $49.59 -0.26% or -$0.13 from its 5-day moving average. UAL is currently trading -7.25% lower than its 20-day SMA and +11.64% higher than its 100-day SMA. However, the stock’s current price level is -7.13% below the SMA50 and +15.91% above the SMA200.
The stochastic %K and %D were 18.71% and 17.26%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 13.36% and the average true range at 1.39, the RSI (14) stands at 37.60%. The stock has reached -0.47 on the 9-day MACD Oscillator while the 14-day reading was at -1.60.
Analyst Ratings
Redburn upgraded United Airlines Holdings Inc. (NASDAQ: UAL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for United Airlines Holdings Inc. (UAL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UAL, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.
What is UAL’s price target for the next 12 months?
Analysts predict a range of price targets between $50.00 and $93.00, with a median target of $73.00. Taking a look at these predictions, the average price target given by analysts for United Airlines Holdings Inc. (UAL) stock is $72.52.
