The trading price of United Airlines Holdings Inc. (NASDAQ:UAL) floating higher at last check on Wednesday, June 22, closing at $36.72, 0.60% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $35.78 and $37.45. In examining the 52-week price action we see that the stock hit a 52-week high of $55.57 and a 52-week low of $30.54. Over the past month, the stock has lost -17.44% in value.
United Airlines Holdings Inc., whose market valuation is $11.43 billion at the time of this writing, is expected to release its quarterly earnings report Jul 18, 2022 – Jul 22, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.79 per share this quarter, however they have predicted annual earnings per share of $0.95 for 2022 and $7.04 for 2023. It means analysts are expecting annual earnings per share growth of 106.80% this year and 641.10% next year.
Analysts have forecast the company to bring in revenue of $11.92 billion for the current quarter, with the likely lows of $11.57 billion and highs of $12.23 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $43.36 billion. The company’s revenue is forecast to grow by 76.00% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of United Airlines Holdings Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest UAL has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that UAL’s price is currently -13.23% off the SMA20 and -18.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.18, and weekly volatility stands at 5.71%. When measured over the past 30 days, the indicator reaches 5.54%. United Airlines Holdings Inc. (NASDAQ:UAL)’s beta value is currently sitting at 1.32, while the Average True Range indicator is currently displaying 2.50.
To see how United Airlines Holdings Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: UAL stock’s performance was 0.60% at last check in today’s session, and -34.46% in the past year, while Southwest Airlines Co. (LUV) has been trading 0.23% in recent session and positioned -37.26% lower than it was a year ago. Another comparable company Delta Air Lines Inc. (DAL) saw its stock trading 0.43% higher in today’s session but was down -34.35% in a year. Furthermore, American Airlines Group Inc. (AAL) showed an increase of 1.73% today while its price kept declining at -41.92% over the past year. Also during today’s trading, the S&P 500 Index has surged 0.67%, while the Dow Jones Industrial also saw a positive session, up 0.41% today.
An evaluation of the daily trading volume of United Airlines Holdings Inc. (NASDAQ:UAL) indicates that the 3-month average is 13.53 million. However, this figure has increased over the past 10 days to an average of 13.71 million.
Currently, records show that 325.00 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 62.50%. The stats also highlight that short interest as of May 30, 2022, stood at 23.04 million shares, resulting in a short ratio of 1.72 at that time. From this, we can conclude that short interest is 7.05% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 19.99 million. However, since the stock’s price has seen -16.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.