United Airlines Holdings Inc. (NASDAQ:UAL) has a beta value of 1.39 and has seen 5.4 million shares traded in the last trading session. The company, currently valued at $15.76B, closed the last trade at $49.30 per share which meant it gained $0.02 on the day or 0.04% during that session. The UAL stock price is -8.03% off its 52-week high price of $53.26 and 38.05% above the 52-week low of $30.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.85 million shares traded. The 3-month trading volume is 8.69 million shares.
The consensus among analysts is that United Airlines Holdings Inc. (UAL) is an Overweight stock at the moment, with a recommendation rating of 2.40. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 7 out of 22 have rated it as a Hold, with 10 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $2.13.
United Airlines Holdings Inc. (NASDAQ:UAL) trade information
Sporting 0.04% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the UAL stock price touched $49.30 or saw a rise of 7.44%. Year-to-date, United Airlines Holdings Inc. shares have moved 30.77%, while the 5-day performance has seen it change -3.71%. Over the past 30 days, the shares of United Airlines Holdings Inc. (NASDAQ:UAL) have changed 26.41%. Short interest in the company has seen 15.45 million shares shorted with days to cover at 1.48.
Wall Street analysts have a consensus price target for the stock at $56.59, which means that the shares’ value could jump 12.88% from current levels. The projected low price target is $36.00 while the price target rests at a high of $81.00. In that case, then, we find that the current price level is -64.3% off the targeted high while a plunge would see the stock lose 26.98% from current levels.
United Airlines Holdings Inc. (UAL) estimates and forecasts
Figures show that United Airlines Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 35.66% over the past 6 months, with this year growth rate of 196.43%, compared to 23.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 233.10% and 96.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 81.90%.
10 analysts offering their estimates for the company have set an average revenue estimate of $12.26 billion for the current quarter. 4 have an estimated revenue figure of $11.21 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $8.19 billion and $7.68 billion respectively for this quarter and the next, and analysts expect sales will grow by 49.60% for the current quarter and 45.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -23.70% over the past 5 years.
United Airlines Holdings Inc. is expected to release its next earnings report between April 18 and April 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
United Airlines Holdings Inc. (NASDAQ:UAL)’s Major holders
Insiders own 0.32% of the company shares, while shares held by institutions stand at 63.00% with a share float percentage of 63.20%. Investors are also buoyed by the number of investors in a company, with United Airlines Holdings Inc. having a total of 692 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 35.51 million shares worth more than $1.26 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 13.31% of shares outstanding.
The other major institutional holder is Primecap Management Company, with the holding of over 24.67 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $873.82 million and represent 9.25% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 4.67% shares in the company for having 12.45 million shares of worth $441.01 million while later fund manager owns 9.61 million shares of worth $340.23 million as of Jun 29, 2022, which makes it owner of about 3.60% of company’s outstanding stock.