At the last check on Friday, UWM Holdings Corporation’s (NYSE:UWMC) stock was up $0.22, moving up 3.42 percent to $6.65. The average number of shares traded per day over the past five days has been 907,668 shares. 2 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 1,035,317, while in the previous 50 days, it was 1,069,559.
Since last month, UWMC stock rose 29.63%. Shares of the company fell to $5.00 on 07/06/23, the lowest level in the past month. A 52-week high of $6.70 was reached on 08/04/23 after having rallying from a 52-week low of $2.84. Since the beginning of this year, UWMC’s stock price has risen by 100.91% or $3.35, and marked a new high 36 times. However, the stock has declined by -0.67% since its 52-week high.
UWMC stock investors should be aware that UWM Holdings Corporation (UWMC) stock had its last reported insider trading activity 256 days ago on Nov 21. Czubak Kelly, the Director of the company, purchased of 2,439 shares for $4.09 on Nov 21. It resulted in a $9,988 investment by the insider.
Valuation Metrics
Right now, UWM Holdings Corporation (UWMC) has a P/E ratio of about 78.24. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 5.33, the price-to-book (PB) ratio of 5.00.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 58.58, and the total debt-to-equity ratio was 59.40. On the profitability front, the trailing twelve-month gross margin is 87.80% percent. In the year ended March 30, operating margins totaled 45.00%. Based on annual data, UWMC earned $2.12 billion in gross profit and brought in $2.37 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.70%. Return on equity (ROE) for the past 12 months was 5.70%.
In UWM Holdings Corporation’s quarter-end financial report for March 30, it reported total debt of $101.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected UWM Holdings Corporation to report $0.03 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -333.30%. During the quarter, the company generated -$63.92 million in EBITDA. The liabilities of UWM Holdings Corporation were 8.07 billion at the end of its most recent quarter ended March 30, and its total debt was $7.44 billion. The value of shareholders’ equity is $1.6 billion.
Technical Picture
This quick technical analysis looks at UWM Holdings Corporation’s (UWMC) price momentum. With a historical volatility rate of 26.38%, the RSI 9-day stood at 68.80% on 03 August.
With respect to its five-day moving average, the current UWM Holdings Corporation price is up by +1.14% percent or $0.08. At present, UWMC shares trade +28.72% above its 20-day simple moving average and +44.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +35.82% above its SMA50 and +111.94% above its SMA200.
Stochastic coefficient K was 81.97% and Stochastic coefficient D was 80.61%, while ATR was 0.20. Given the Stochastic reading of 94.16% for the 14-day period, the RSI (14) reading has been calculated as 67.03%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.13.
Analyst Ratings
Jefferies upgraded its rating on UWM Holdings Corporation (NYSE: UWMC) to a Buy in a note to investors on May 26, 2023. The analysts firm previously had a Hold rating on the stock.UWM Holdings Corporation (UWMC) has been rated Hold by analysts. According to 2 brokerage firms, UWMC is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate UWM Holdings Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.50 – $8.00. Based on these forecasts, analysts predict UWM Holdings Corporation (UWMC) will achieve an average price target of $5.28.
