United Airlines Holdings Inc (NASDAQ:UAL) saw a downside of -0.65% to close Tuesday at $42.65 after subtracting -$0.28 on the day. The 5-day average trading volume is 5,165,860 shares of the company’s common stock. It has gained $45.75 in the past week and touched a new high 1 time within the past 5 days. An average of 5,466,495 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,911,598.
UAL’s 1-month performance is -12.85% or -$6.29 on its low of $42.14 reached on 09/25/23. The company’s shares have touched a 52-week low of $31.58 and high of $58.23, with the stock’s rally to the 52-week high happening on 07/21/23. YTD, UAL has achieved 13.13% or $4.95 and has reached a new high 17 times. However, the current price is down -26.76% from the 52-week high price.
Insider Transactions
UAL stock investors last saw insider trading activity on Jul 24.LADERMAN GERALD (EVP and CFO) most recently sold 4,491 shares at $57.05 per share on Jul 24. This transaction cost the insider $256,212. EVP & Chief Growth Officer, Hart Gregory L, sold 12,000 shares at a price of $52.26 on Jun 15. Then, on Feb 10, Vice President & Controller KENNY CHRIS sold 16,000 shares at a price of $48.94 per share. This transaction amounted to $783,070.
Valuation Metrics
UAL stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.27 while the price-to-book (PB) in the most recent quarter is 1.82, with the price to cash flow ratio at 8.18.
United Airlines Holdings Inc’s quick ratio for the period ended June 30 was 0.86, with the current ratio over the same period at 0.91. As well, the company’s long term debt to equity for the quarter ending June 30 was 4.27, while the total debt to equity was 4.85.. In terms of profitability, the gross margin trailing 12 months is 13.80%. The trailing 12-month EBITDA margin is 10.97% while for the period ending June 30, United Airlines Holdings Inc’s operating margin was 10.25%. The firm’s gross profit as reported stood at $27.39 billion against revenue of $44.95 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 69.4% to $1.07 billion, while revenue of -$194.0 million was 118.05% off the previous quarter. Analysts expected UAL to announce $4.03 per share in earnings in its latest quarter, but it posted $5.03, representing a 24.80% surprise. EBITDA for the quarter stood at more than $1.52 billion. UAL stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 65.64 billion, with total debt at $35.84 billion. Shareholders hold equity totaling $327.98 million.
Let’s look briefly at United Airlines Holdings Inc (UAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 16.99% to suggest the stock is trending oversold, with historical volatility in this time period at 16.86%.
The stock’s 5-day moving average is $43.34, reflecting a -5.73% or -$2.59 change from its current price. UAL is currently trading -13.30% above its 20-day SMA, -4.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.03% and SMA200 by-3.20%.
Stochastic %K and %D was 7.08% and 4.56% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 22.17%, while the 14-day stochastic is at 8.33% with the period’s ATR at 1.18. The stock’s 9-day MACD Oscillator is pointing at -1.30 and -2.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for United Airlines Holdings Inc (NASDAQ: UAL), Redburn upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for UAL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate UAL as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.
What is UAL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $48.00 and a high of $93.00, with their median price target at $72.20. Looking at these predictions, the average price target given by analysts is for United Airlines Holdings Inc (UAL) stock is $71.02.
