The stock of United Airlines Holdings Inc. (NASDAQ:UAL) increased by $0.25 on Monday to finish at $49.19, up 0.51 percent. The last five days have seen an average of 4,203,940 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $11.49. The average number of shares traded over the last 20 days was 4,739,230, while the average volume over the last 50 days totaled 6,185,256.
UAL stock dropped -9.19% since last month. On 08/25/23, the company’s shares reached a one-month low of $48.51. The stock touched a high of $58.23 on 07/21/23, after rallying from a low of $31.58 in 52 weeks. The price of UAL stock has risen by 30.48% or $11.49 this year, reaching a new high 17 times. Still, the stock price is down -15.52% 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 36 days ago on Jul 24. On Jul 24, EVP and CFO LADERMAN GERALD sold 4,491 shares at $57.05 each. This transaction resulted in the insider making $256,212. On Jun 15, Hart Gregory L sold 12,000 shares at a price of US$52.26. After the transaction, the insider now owns 26,434 shares. Director SHAPIRO EDWARD had earlier bought 25,000 shares on Mar 15 for $42.59 a share. The transaction was completed for $1,064,648.
Valuation Metrics
United Airlines Holdings Inc. (UAL) has a trailing price-to-earnings (P/E) ratio of 6.17. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.32, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 9.52.
Financial Health
For the three months ended June 29, United Airlines Holdings Inc.’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.49, and the total debt to equity ratio is 3.98. As far as profitability goes, gross margin for the trailing twelve months is 58.60% percent. United Airlines Holdings Inc.’s EBITDA margin for the year ended June 29 was 10.97%, whereas its operating margin stood at 8.50% for the same period. Based on annual data, it had gross profit of $27.39 billion and revenue of $44.95 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UAL’s return on assets (ROA) during the last 12 months has been 3.80%. There was a 5.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 40.80%.
Earnings Surprise
According to United Airlines Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $14.18 billion, while revenues rose by 14.57% to $11.43 billion. It was predicted that United Airlines Holdings Inc.’s quarterly earnings would be $5.03, but it ended up being $4.03, beating the consensus by 24.80%. EBITDA was $1.52 billion for the quarter. At the end of United Airlines Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 65.64 billion, while its total debt was $35.84 billion. Equity owned by shareholders amounts to $327.98 million.
Technical Picture
Here’s a quick look at United Airlines Holdings Inc.’s (UAL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 34.91%, suggesting the stock is Neutral, with a 20.76% historical volatility rate.
The stochastic %K and %D were 10.19% and 15.07% respectively, while the average true range (ATR) was 1.27. Based on the 14-day stochastic reading of 10.56%, the RSI (14) reading is 37.55%. On the 9-day MACD Oscillator, the stock is at -0.42, and the 14-day reading is at -1.42.
Analyst Ratings
In its most recent analyst report, Redburn raised its rating on United Airlines Holdings Inc. (NASDAQ: UAL) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned United Airlines Holdings Inc. (UAL) an Overweight rating. UAL is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.
What is UAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $50.00 and $93.00, with a median target price of $73.00. In analyzing these forecasts, the average price target given by analysts for United Airlines Holdings Inc. (UAL) is $72.13.
