As of Friday close, United Airlines Holdings Inc.’s (NASDAQ:UAL) stock was down -$0.62, moving down -1.42 percent to $43.07. The average number of shares traded per day over the past five days has been 5,049,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.63 fall in that time frame. In the last twenty days, the average volume was 5,387,800, while in the previous 50 days, it was 5,949,530.
Since last month, UAL stock retreated -14.53%. Shares of the company fell to $42.90 on 09/22/23, the lowest level in the past month. A 52-week high of $58.23 was reached on 07/21/23 after having rallying from a 52-week low of $31.58. Since the beginning of this year, UAL’s stock price has risen by 14.24% or $5.37, and marked a new high 17 times. However, the stock has declined by -26.03% since its 52-week high.
UAL stock investors should be aware that United Airlines Holdings Inc. (UAL) stock had its last reported insider trading activity 61 days ago on Jul 24. LADERMAN GERALD, the EVP and CFO of the company, disposed of 4,491 shares for $57.05 on Jul 24. It resulted in a $256,212 divestment by the insider. Hart Gregory L sold 12,000 shares at an average price of $52.26 on Jun 15. The insider now owns 26,434 shares following the transaction. On Mar 15, Director SHAPIRO EDWARD bought 25,000 shares at $42.59 apiece. The transaction was valued at $1,064,648.
Valuation Metrics
Right now, United Airlines Holdings Inc. (UAL) has a P/E ratio of about 5.40. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.28, the price-to-book (PB) ratio of 1.83, and the price-to-cash flow ratio of 8.21 may also be considered.
Financial Health
In the three months ended June 29, United Airlines Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.49, and the total debt-to-equity ratio was 3.98. On the profitability front, the trailing twelve-month gross margin is 58.60% percent. In the year ended June 29, EBITDA margin amounted to 10.97%, whereas operating margins totaled 8.50%. Based on annual data, UAL earned $27.39 billion in gross profit and brought in $44.95 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 40.80%.
In United Airlines Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $26.71 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UAL’s revenue rose 14.57% to $11.43 billion during the quarter, while net income inched up to $14.18 billion. While analysts expected United Airlines Holdings Inc. to report $4.03 quarterly earnings, the actual figure was $5.03 per share, beating the consensus estimate by 24.80%. During the quarter, the company generated $1.52 billion in EBITDA. The liabilities of United Airlines Holdings Inc. were 65.64 billion at the end of its most recent quarter ended June 29, and its total debt was $35.84 billion. The value of shareholders’ equity is $327.98 million.
Technical Picture
This quick technical analysis looks at United Airlines Holdings Inc.’s (UAL) price momentum. With a historical volatility rate of 21.93%, the RSI 9-day stood at 18.49% on 22 September.
With respect to its five-day moving average, the current United Airlines Holdings Inc. price is down by -5.75% percent or -$2.63. At present, UAL shares trade -12.81% below its 20-day simple moving average and -3.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.02% below its SMA50 and -4.35% below its SMA200.
Stochastic coefficient K was 1.68% and Stochastic coefficient D was 4.23%, while ATR was 1.17. Given the Stochastic reading of 2.50% for the 14-day period, the RSI (14) reading has been calculated as 23.34%. As of today, the MACD Oscillator reading stands at -1.35, while the 14-day reading stands at -2.37.
Analyst Ratings
Redburn upgraded its rating on United Airlines Holdings Inc. (NASDAQ: UAL) to a Buy in a note to investors on August 07, 2023. The analysts firm previously had a Neutral rating on the stock.United Airlines Holdings Inc. (UAL) has been rated Overweight by analysts. According to 0 brokerage firms, UAL is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate United Airlines Holdings Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $73.00, the current consensus forecast for the stock is $48.00 – $93.00. Based on these forecasts, analysts predict United Airlines Holdings Inc. (UAL) will achieve an average price target of $71.19.
