United States Cellular Corporation (NYSE:USM) finished Friday with an addition of $1.44 to close at $39.51, an upside of 3.78 percent. An average of 1,391,200 shares of common stock have been traded in the last five days. There was a gain of $5.75 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 901,020 shares traded, while the 50-day average volume stands at 615,844.
USM stock has increased by 125.90% in the last month. The company shares reached their 1-month lowest point of $15.64 on 07/17/23. With the stock rallying to its 52-week high on 08/11/23, shares of the company touched a low of $13.79 and a high of $39.38 in 52 weeks. It has reached a new high 13 times so far this year and achieved 89.50% or $18.66 in price. In spite of this, the price is up 0.33% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
USM stock investors should be aware that United States Cellular Corporation (USM) stock had its last reported insider trading activity 124 days ago on Apr 10. In this transaction, the insider spent $417,077. Director, JOSEFOWICZ GREGORY P, disposed of 1,834 shares at a price of $19.61 on Dec 09. The insider now owns more than $35,965 worth of shares. Prior to that, EVP-Chief People Officer Drake Deirdre went on to Sale 8,574 shares at $30.55 each on Aug 16. An amount of $261,936 was transacted.
Valuation Metrics
United States Cellular Corporation (USM) stock’s beta is 0.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.42, the price-to-book (PB) ratio at 0.74.
Financial Health
The quick ratio of United States Cellular Corporation for the three months ended June 29 was 1.40, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.73 for the quarter ending June 29. United States Cellular Corporation’s EBITDA margin for the year ending June 29 is 21.25%, while its operating margin for the same period stands at 1.70%. Its gross profit as reported stood at $2.2 billion compared to revenue of $4.17 billion.
Earnings Surprise
For the three-month period that ended June 29, United States Cellular Corporation had $3.1 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $5.0 million in the quarter, while revenues were shrunk -320.0%. The analyst consensus anticipated United States Cellular Corporation’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.05, a -75.00% surprise. For the quarter, EBITDA amounted to $194.0 million. Shareholders own equity worth $85.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at United States Cellular Corporation (USM) price momentum. RSI 9-day as of the close on 11 August was 84.21%, suggesting the stock is Overbought, with historical volatility in this time frame at 337.99%.
As of today, USM’s price is $36.96 +17.03% or $5.75 from its 5-day moving average. USM is currently trading +143.29% higher than its 20-day SMA and +91.15% higher than its 100-day SMA. However, the stock’s current price level is +176.29% above the SMA50 and +33.57% above the SMA200.
The stochastic %K and %D were 95.01% and 92.60%, respectively, and the average true range (ATR) was 2.83. With the 14-day stochastic at 99.12% and the average true range at 2.33, the RSI (14) stands at 82.28%. The stock has reached 8.27 on the 9-day MACD Oscillator while the 14-day reading was at 12.54.
Analyst Ratings
Wells Fargo upgraded United States Cellular Corporation (NYSE: USM) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.
