The stock of United Airlines Holdings Inc (NASDAQ:UAL) last traded at $52.93, up 1.69% from the previous session.
UAL stock price is now 4.64% away from the 50-day moving average and 19.98% away from the 200-day moving average. The market capitalization of the company currently stands at $17.40B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $70, Redburn Atlantic recently Upgraded its rating from Neutral to Buy for United Airlines Holdings Inc (NASDAQ: UAL). On May 29, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $54 to quote $65, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Gebo Kate, EVP HR and Labor Relations sold 15,000 shares of the company’s stock on Apr 18 ’24. The stock was sold for $762,915 at an average price of $50.86. Upon completion of the transaction, the EVP HR and Labor Relations now directly owns 57,512 shares in the company, valued at $3.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, EVP HR and Labor Relations Gebo Kate sold 15,000 shares of the business’s stock. A total of $762,360 was realized by selling the stock at an average price of $50.82. This leaves the insider owning 57,512 shares of the company worth $3.04 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, United Airlines Holdings Inc has had a low of $33.68 and a high of $58.23. As of last week, the company has a debt-to-equity ratio of 3.79, a current ratio of 0.75, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $37966217216, which is based on a 6.54 price-to-earnings ratio, a 0.22 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for UAL is $50.5816 and a two-hundred day moving average price translates $44.1144 for the stock.
The latest earnings results from United Airlines Holdings Inc (NASDAQ: UAL) was released for 2024-03-31. The net profit margin was 4.90% and return on equity was 33.91% for UAL. The company reported revenue of $12.54 billion for the quarter, compared to $11.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.71 percent.
