United Airlines Holdings, Inc. (NASDAQ:UAL) traded at $33.54 at last check on Monday, June 29, making an upward move of 3.04% on its previous day’s price.
Looking at the stock we see that its previous close was $32.89 and the beta (5Y monthly) reads 1.46 with the day’s price range being $31.81 – 34.18. The company has a 12-month trailing PE ratio of 8.53. In terms of its 52-week price range, UAL has a high of $96.03 and a low of $17.8. The company’s stock has gained about 13.85% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.17 Billion, with a low of $680.87 Million and a high of $1.84 Billion. The median projection represents growth adding up to -89.7% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $18.84 Billion, or -56.5% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the UAL stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 20 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the United Airlines Holdings, Inc. (UAL) stock as a Hold, while 7 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Let’s briefly compare United (UAL) stock to its peers. We find that today’s price change of +3.04% and -61.95% over the past 12 months for UAL competes that of Delta Air Lines Inc (DAL), which has seen its stock price rise 3.43% in the latest trading session and is -52.64% over the last one year. Another of its peers Southwest Airlines Company (LUV) has climbed 6.51% today, but is -37.01% down over the past year, while Ryanair Hlds Plc (RYAAY) is also up 3.04% yet its price remains in the red at -61.95% over the same period. Delta has a P/E ratio of 5 compared to United’s 8.92 and Southwest’s 9.59. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to United Airlines Holdings, Inc. (NASDAQ:UAL), we note that the average 3-month trading volume was 58.94 Million, while that of the preceding 10-day period stands at 71.1 Million. Current shares outstanding are 290.45 Million.
According to data from Thomson Reuters, insiders hold 0.36% of the company’s shares while institutions hold 85.49%. The data shows that short shares as of June 14, 2020, stood at 26.56 Million at a short ratio of 0.33. This represents a 9.15% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 35.76 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -62.66% down in year-to-date price movement.