Why You Need UWM Holdings Corporation (UWMC) On Your Watchlist

UWM Holdings Corporation (NYSE:UWMC) saw an upside of 3.81% to $6.62 after adding $0.24 on Wednesday. The 5-day average trading volume is 1,992,860 shares of the company’s common stock. It has gained $6.75 in the past week. An average of 2,229,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,536,768.

UWMC’s 1-month performance is -9.38% or -$0.47 on its low of $6.37 reached on 10/13/21. The company’s shares have touched a 52-week low of $6.25 and high of $14.38, with the stock’s rally to the 52-week high happening on 01/04/21. YTD, UWMC has lost -51.41% or -$6.56. However, the current price is down -53.94%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 1.449 and a low of 1.094. UWMC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.88 while the price-to-book (PB) in the most recent quarter is 5.96.

UWM Holdings Corporation pays an annual dividend of $0.40 per share. Its dividend yield is 6.04% and the payout ratio is 0.40%. UWMC’s most recent quarterly dividend payment was made on Oct. 6, when it paid $0.10 a share compared with prior rate of $0.10, down 0.0% from last year’s.

It is projected that UWM Holdings Corporation’s next ex-dividend date will be on 10-Dec. UWMC is expected to distribute $0.10 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 116.66, while the total debt to equity was 116.66. In terms of profitability, the gross margin trailing 12 months is 97.40%. while for the period ending June 29; UWM Holdings Corporation’s operating margin was 77.30%.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected UWMC to announce $0.08 per share in earnings in its latest quarter, but it posted $0.07, representing a -12.50% surprise. EBITDA for the quarter stood at more than $219.65 million. UWMC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.16 billion, with total debt at $12.9 billion. Shareholders hold equity totaling $1.6 billion

Technical Picture

Let’s look briefly at UWM Holdings Corporation (UWMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.27%.

The stock’s 5-day moving average is $6.51, reflecting a -1.05% or -$0.07 change from its current price. UWMC is currently trading -8.62% above its 20-day SMA, -18.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -12.28% and -52.43% respectively.

Stochastic %K and %D was 11.16% and 7.34% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 39.97%, while the 14-day stochastic is at 27.40% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.26 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for UWM Holdings Corporation (NYSE: UWMC), Morgan Stanley launched coverage with an Equal-weight rating. Analysts offering their rating for UWMC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate UWMC as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is UWMC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $7.00 and a high of $9.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for UWM Holdings Corporation (UWMC) stock is $8.09.

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