United Microelectronics Corporation (NYSE:UMC) saw an upside of 3.91% to close Monday at $7.98 after adding $0.3 on the day. The 5-day average trading volume is 8,647,240 shares of the company’s common stock. It has gained $7.98 in the past week and touched a new high 3 times within the past 5 days. An average of 7,678,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,572,748.
UMC’s 1-month performance is 17.70% or $1.24 on its low of $6.48 reached on 12/28/22. The company’s shares have touched a 52-week low of $5.36 and high of $10.56, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, UMC has achieved 22.21% or $1.45 and has reached a new high 10 times. However, the current price is down -24.46% from the 52-week high price.
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UMC stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.21 while the price-to-book (PB) in the most recent quarter is 1.89, with the price to cash flow ratio at 8.18.
United Microelectronics Corporation’s quick ratio for the period ended December 30 was 2.20, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.16, while the total debt to equity was 0.20. In terms of profitability, the gross margin trailing 12 months is 44.40%. The trailing 12-month EBITDA margin is 43.78% while for the period ending December 30, United Microelectronics Corporation’s operating margin was 36.40%. The firm’s gross profit as reported stood at $2.6 billion against revenue of $7.68 billion.
For the quarterly period ending December 30 this year, United Microelectronics Corporation’s cash and short-term investments amounted to $1.34 million against total debt of $52.66 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 66.51% to $814.13 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected UMC to announce $0.25 per share in earnings in its latest quarter, but it posted $0.25, representing a 0.00% surprise. EBITDA for the quarter stood at more than $1.3 billion. UMC stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 6.72 billion, with total debt at $52.66 billion.
Let’s look briefly at United Microelectronics Corporation (UMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 72.84% to suggest the stock is trending Overbought, with historical volatility in this time period at 29.38%.
The stock’s 5-day moving average is $7.66, reflecting a +6.40% or $0.48 change from its current price. UMC is currently trading +14.33% above its 20-day SMA, +22.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.72% and SMA200 by-10.03%.
Stochastic %K and %D was 88.69% and 85.75% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 67.72%, while the 14-day stochastic is at 100.00% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.38 on the 14-day charts.
What is UMC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.20 and a high of $5.20, with their median price target at $5.20. Looking at these predictions, the average price target given by analysts is for United Microelectronics Corporation (UMC) stock is $5.20.