United Airlines Holdings Inc (NASDAQ:UAL) Has Risen By 44.68 Percent Over The Past 30 Days: Will It Continue?

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In recent trading session, United Airlines Holdings Inc (NASDAQ:UAL) saw 2.52 million shares changing hands at last check today with its beta currently measuring 1.44. Company’s recent per share price level of $59.80 trading at $0.95 or 1.61% at last check today assigns it a market valuation of $19.66B. That most recent trading price of UAL’s stock is at a premium of 0.7% from its 52-week high price of $59.38 and is indicating a premium of 43.68% from its 52-week low price of $33.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.84 million shares which gives us an average trading volume of 7.34 million if we extend that period to 3-months.

For United Airlines Holdings Inc (UAL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.35. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 3.06 in the current quarter.

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United Airlines Holdings Inc (NASDAQ:UAL) trade information

Upright in the green today for gaining 1.61%, in the last five days UAL remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $59.80 price level, adding 0.23% to its value on the day. United Airlines Holdings Inc’s shares saw a change of 44.93% in year-to-date performance and have moved 14.62% in past 5-day. United Airlines Holdings Inc (NASDAQ:UAL) showed a performance of 44.68% in past 30-days. Number of shares sold short was 15.14 million shares which calculate 2.38 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 60 to the stock, which implies a rise of 0.33% to its recent value today. Analysts have been projecting 33 as a low price target for the stock while placing it at a high target of 93. It follows that stock’s current price would jump 44.82% in reaching the projected high whereas dropping to the targeted low would mean a gain of 44.82% for stock’s current value.

United Airlines Holdings Inc (UAL) estimates and forecasts

Statistics highlight that United Airlines Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 24.89% of value to its shares in past 6 months, showing an annual growth rate of -2.69% while that of industry is -16.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.40% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 14.83B for the same. And 12 analysts are in estimates of company making revenue of 14.22B in the next quarter. Company posted 14.44B and 13.63B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0.56% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -4.53% while estimates for its earnings growth in next 5 years are of 25.52%.

United Airlines Holdings Inc (NASDAQ:UAL)’s Major holders

Insiders are in possession of 0.48% of company’s total shares while institution are holding 79.28 percent of that, with stock having share float percentage of 79.66%. Investors also watch the number of corporate investors in a company very closely, which is 79.28% institutions for United Airlines Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at UAL for having 36.21 million shares of worth $1.76 billion. And as of 2024-06-30, it was holding 11.031 of the company’s outstanding shares.

The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 23.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.2279 of outstanding shares, having a total worth of $1.15 billion.