2 times Within The Past Five Days, Utz Brands Inc. (UTZ) Hit A New High

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Utz Brands Inc. (NYSE:UTZ) finished Friday with an addition of $0.06 to close at $15.86, an upside of 0.38 percent. An average of 505,600 shares of common stock have been traded in the last five days. There was a fall of -$0.63 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 577,580 shares traded, while the 50-day average volume stands at 532,936.

UTZ stock has decreased by -16.79% in the last month. The company shares reached their 1-month lowest point of $15.55 on 12/29/22. With the stock rallying to its 52-week high on 08/11/22, shares of the company touched a low of $12.06 and a high of $19.98 in 52 weeks. It has reached a new high 6 times so far this year and lost -0.56% or -$0.09 in price. In spite of this, the price is down -20.62% from the 52-week high.


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Insider Transactions

UTZ stock investors should be aware that Utz Brands Inc. (UTZ) stock had its last reported insider trading activity 24 days ago on Dec 07. In this transaction, the insider spent $1,410,969. Chief Executive Officer, Lissette Dylan, disposed of 21,214 shares at a price of $18.45 on Dec 06. The insider now owns more than $391,339 worth of shares. Prior to that, Director DEROMEDI ROGER K went on to Sale 400 shares at $19.07 each on Dec 01. An amount of $7,630 was transacted.

Valuation Metrics

Utz Brands Inc. (UTZ) stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.66, the price-to-book (PB) ratio at 1.81.

The company’s most recent quarterly dividend payment was $0.0570 a share, representing a up of 5.56% from $0.0540 last year. Its latest increase dividend $0.0030 reported on Thursday December 8 2022.

Financial Health

The quick ratio of Utz Brands Inc. for the three months ended September 29 was 1.20, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.28 and a total debt to equity ratio of 1.32 for the quarter ending September 29. Its gross profit as reported stood at $383.91 million compared to revenue of $1.18 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Utz Brands Inc.’s return on assets was -0.80%.

Earnings Surprise

For the three-month period that ended September 29, Utz Brands Inc. had $887.27 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.89 million in the quarter, while revenues of $3.18 million were grew 3835.96%. The analyst consensus anticipated Utz Brands Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.16, a 14.30% surprise. For the quarter, EBITDA amounted to $36.79 million. Shareholders own equity worth $140.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Utz Brands Inc. (UTZ) price momentum. RSI 9-day as of the close on 30 December was 26.54%, suggesting the stock is oversold, with historical volatility in this time frame at 21.58%.

As of today, UTZ’s price is $16.09 -3.82% or -$0.63 from its 5-day moving average. UTZ is currently trading -15.01% lower than its 20-day SMA and -11.89% lower than its 100-day SMA. However, the stock’s current price level is +1.86% above the SMA50 and +9.99% above the SMA200.

The stochastic %K and %D were 9.27% and 7.82%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 11.07% and the average true range at 0.54, the RSI (14) stands at 33.06%. The stock has reached -0.27 on the 9-day MACD Oscillator while the 14-day reading was at -0.57.

Analyst Ratings

Goldman downgraded Utz Brands Inc. (NYSE: UTZ) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Utz Brands Inc. (UTZ) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UTZ, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

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