Why Investing In United Airlines Holdings Inc (NASDAQ:UAL) Now May Be A Good Investment

United Airlines Holdings Inc (NASDAQ:UAL) traded at $44.11 at last check on current trade day and made an upward move of 0.55% on its previous day’s price.

Looking at the stock we see that its previous close was $43.87 and the beta (5Y monthly) reads 1.434 with the day’s price range being $43.82 – $44.42. The company has a trailing 12-month PE ratio of 5.00. In terms of its 52-week price range, UAL has a high of $56.17 and a low of $33.68. The company’s stock has gained about 16.45% over that past 30 days.

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United Airlines Holdings Inc has a market cap of $14.50 billion and is expected to release its quarterly earnings report on 2024-Oct-15. Estimates by analysts give the company expected earnings per share (EPS) of 3.04, with the EPS growth for the year raised at 9.77 for current year and 9.77 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 14.91B, with a low of 14.79B and a high of 15.11B. The median projection represents growth squeezing down to 3.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 56.75B, or 5.70% up from figures reported last year.

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 100% Sell.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the United Airlines Holdings Inc (UAL) stock as a Hold, while 17 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the UAL stock currently stands at 0.19, and the most recent price level today is 5.76% off its SMA20 and -1.04% from its 50-day simple moving average. The RSI (14) is pointing at 54.46 while the volatility over the past week is 2.65% and jumps to 3.14% over the past one month. The beta value is 1.42, while the average true range (ATR) is currently pointing at 1.38. The average price target for the stock over the next 12 months is $60, with the estimates having a low of $33 and a high of $93. These price ends are 25.19% and -110.84% off the today’s price level respectively, although investors could be excited at the prospect of a -36.02% if the UAL share price touches on the median price of $60.

Coming back to United Airlines Holdings Inc (NASDAQ:UAL), we note that the average 3-month trading volume was 7.07 million, while that of the preceding 10-day period stands at 5.3 million. Current shares outstanding are 328.02 million.

The insiders hold 0.52% of the company’s shares while institutions hold 78.72%. The data shows that short shares as of 2024-08-15, stood at 16.31 million at a short ratio of 1.91. This represents a 562.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 12.62 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.91% up in year-to-date price movement.

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