UWM Holdings Corporation (NYSE:UWMC) saw an upside of 6.10% to $6.70 after adding $0.39 on Wednesday. The 5-day average trading volume is 1,447,756 shares of the company’s common stock. It has gained $6.98 in the past week and touched a new high 4 times within the past 5 days. An average of 1,107,519 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,105,794.
UWMC’s 1-month performance is 17.87% or $1.47 on its low of $5.13 reached on 07/10/23. The company’s shares have touched a 52-week low of $2.84 and high of $6.90, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, UWMC has achieved 102.27% or $3.33 and has reached a new high 38 times. However, the current price is down -2.97% from the 52-week high price.
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Valuation Metrics
UWMC stock has a beta of 1.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.26 while the price-to-book (PB) in the most recent quarter is 5.03.
As well, the company’s long term debt to equity for the quarter ending March 30 was 58.58, while the total debt to equity was 59.40. In terms of profitability, the gross margin trailing 12 months is 87.80%. The firm’s gross profit as reported stood at $2.12 billion against revenue of $2.37 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected UWMC to announce $0.03 per share in earnings in its latest quarter, but it posted -$0.07, representing a -333.30% surprise. EBITDA for the quarter stood at more than -$63.92 million. UWMC stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 8.07 billion, with total debt at $7.44 billion. Shareholders hold equity totaling $1.6 billion.
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 08 August was 57.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.22%.
The stock’s 5-day moving average is $6.59, reflecting a +1.37% or $0.09 change from its current price. UWMC is currently trading +11.22% above its 20-day SMA, +42.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.18% and SMA200 by+127.40%.
Stochastic %K and %D was 60.36% and 71.02% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 59.47%, while the 14-day stochastic is at 61.36% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for UWM Holdings Corporation (NYSE: UWMC), JMP Securities downgraded it to a Mkt perform rating. They previously had a Mkt outperform rating on the stock.
What is UWMC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $8.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for UWM Holdings Corporation (UWMC) stock is $5.13.
