United Airlines Holdings Inc (NASDAQ:UAL) shares, rose in value, with the stock price down by -0.07% to the previous day’s close as strong demand from buyers drove the stock to $43.19.
Actively observing the price movement in the last trading, the stock closed the session at $43.22. The value of beta (5-year monthly) was 1.54 whereas the PE ratio was 5.48 over 12-month period. Referring to stock’s 52-week performance, its high was $58.23, and the low was $33.68. On the whole, UAL has fluctuated by -2.00% over the past month.
With the market capitalization of United Airlines Holdings Inc currently standing at about $14.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 16, 2024 – Apr 22, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.56, which is expected to increase to $4.5 for fiscal year $9.47 and then to about $11.45 by fiscal year 2025. Data indicates that the EPS growth is expected to be -5.80% in 2025, while the next year’s EPS growth is forecast to be 20.90%.
Analysts have estimated the company’s revenue for the quarter at $12.43 billion, with a low estimate of $12.09 billion and a high estimate of $12.74 billion. According to the average forecast, sales growth in current quarter could jump up 8.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $57.31 billion, representing an increase of 6.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UAL’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0.13, with the price of UAL currently trading nearly -3.46% and -1.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.27, while the 7-day volatility ratio is showing 3.53% which for the 30-day chart, stands at 2.94%. Furthermore, United Airlines Holdings Inc (UAL)’s beta value is 1.55, and its average true range (ATR) is 1.45.
A comparison of United Airlines Holdings Inc (UAL) with its peers suggests the former has fared considerably weaker in the market. UAL showed an intraday change of -0.07% in last session, and over the past year, it grew by 1.53%%.
Data on historical trading for United Airlines Holdings Inc (NASDAQ:UAL) indicates that the trading volumes over the past 10 days have averaged 8.58 million and over the past 3 months, they’ve averaged 9.04 million. According to company’s latest data on outstanding shares, there are 328.02 million shares outstanding.
Nearly 0.52% of United Airlines Holdings Inc’s shares belong to company insiders and institutional investors own 70.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.84 million shares as on Mar 15, 2024, resulting in a short ratio of 2.27. According to the data, the short interest in United Airlines Holdings Inc (UAL) stood at 5.44% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.83 million. The stock has risen by 4.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UAL stock heading into the next quarter.
