The price of United Airlines Holdings Inc (NASDAQ:UAL) shares last traded on Wall Street rose 2.81% to $80.46.
UAL stock price is now 38.04% away from the 50-day moving average and 62.69% away from the 200-day moving average. The market capitalization of the company currently stands at $27.21B.
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 enhanced from $80 to $100, TD Cowen maintained Buy rating for United Airlines Holdings Inc (NASDAQ: UAL). On July 17, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $65 to quote $80, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Gebo Kate, Officer bought 35,000 shares of the company’s stock on Nov 01 ’24. The stock was bought for $2,819,136 at an average price of $80.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, EVP & Chief Operations Officer Enqvist Torbjorn J sold 14,500 shares of the business’s stock. A total of $1,044,000 was realized by selling the stock at an average price of $72.00. This leaves the insider owning 30,427 shares of the company worth $2.45 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 $34.49 and a high of $81.05. As of last week, the company has a debt-to-equity ratio of 2.92, a current ratio of 0.79, and a quick ratio of 0.72. According to the stock market information, the enterprise value for the company is $45656354816, which is based on a 9.70 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for UAL is $58.287 and a two-hundred day moving average price translates $49.45585 for the stock.
The latest earnings results from United Airlines Holdings Inc (NASDAQ: UAL) was released for 2024-09-30. The net profit margin was 4.94% and return on equity was 27.24% for UAL. The company reported revenue of $14.84 billion for the quarter, compared to $14.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.48 percent. For the current quarter, analysts expect UAL to generate $14.32B in revenue.
