As of Friday close, United States Cellular Corporation’s (NYSE:USM) stock was up $0.24, moving up 0.61 percent to $39.75. The average number of shares traded per day over the past five days has been 724,880 shares. 3 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 1,003,150, while in the previous 50 days, it was 644,588.
Since last month, USM stock rose 122.69%. Shares of the company fell to $16.95 on 08/02/23, the lowest level in the past month. A 52-week high of $40.88 was reached on 08/16/23 after having rallying from a 52-week low of $13.79. Since the beginning of this year, USM’s stock price has risen by 90.65% or $18.90, and marked a new high 16 times. However, the stock has declined by -2.76% since its 52-week high.
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USM stock investors should be aware that United States Cellular Corporation (USM) stock had its last reported insider trading activity 131 days ago on Apr 10. IRIZARRY MICHAEL, the EVP-CTO of the company, disposed of 18,826 shares for $22.15 on Apr 10. It resulted in a $417,077 divestment by the insider. JOSEFOWICZ GREGORY P sold 1,834 shares at an average price of $19.61 on Dec 09. The insider now owns 18,981 shares following the transaction.
Valuation Metrics
The stock’s beta is 0.33. Besides these, the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 0.74.
Financial Health
In the three months ended June 29, United States Cellular Corporation’s quick ratio stood at 1.30, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.68, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 53.00% percent. In the year ended June 29, operating margins totaled 0.40%. Based on annual data, USM earned $2.2 billion in gross profit and brought in $4.17 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 0.40%. Return on equity (ROE) for the past 12 months was -0.50%.
In United States Cellular Corporation’s quarter-end financial report for June 29, it reported total debt of $3.1 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. USM’s revenue fell -7.31% to $986.0 million during the quarter, while net income inched up to $957.0 million. While analysts expected United States Cellular Corporation to report $0.2 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated $194.0 million in EBITDA. The liabilities of United States Cellular Corporation were 6.3 billion at the end of its most recent quarter ended June 29, and its total debt was $4.13 billion. The value of shareholders’ equity is $85.27 million.
Technical Picture
This quick technical analysis looks at United States Cellular Corporation’s (USM) price momentum. With a historical volatility rate of 328.95%, the RSI 9-day stood at 81.72% on 18 August.
With respect to its five-day moving average, the current United States Cellular Corporation price is up by +0.61% percent or $0.24. At present, USM shares trade +128.71% above its 20-day simple moving average and +99.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +153.18% above its SMA50 and +27.53% above its SMA200.
Stochastic coefficient K was 94.62% and Stochastic coefficient D was 95.37%, while ATR was 2.31. Given the Stochastic reading of 95.28% for the 14-day period, the RSI (14) reading has been calculated as 80.60%. As of today, the MACD Oscillator reading stands at 0.45, while the 14-day reading stands at 6.05.
Analyst Ratings
Wells Fargo upgraded its rating on United States Cellular Corporation (NYSE: USM) to an Equal weight in a note to investors on August 09, 2023. The analysts firm previously had an Underweight rating on the stock.United States Cellular Corporation (USM) has been rated Overweight by analysts. According to 0 brokerage firms, USM is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate United States Cellular Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $33.50, the current consensus forecast for the stock is $27.00 – $52.00. Based on these forecasts, analysts predict United States Cellular Corporation (USM) will achieve an average price target of $36.50.
