At the last check on Thursday, UWM Holdings Corporation’s (NYSE:UWMC) stock traded at $5.09. The average number of shares traded per day over the past five days has been 1,078,683 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 1,010,096, while in the previous 50 days, it was 1,038,106.
Since last month, UWMC stock retreated -8.54%. Shares of the company fell to $4.97 on 09/21/23, the lowest level in the past month. A 52-week high of $6.98 was reached on 08/09/23 after having rallying from a 52-week low of $2.84. Since the beginning of this year, UWMC’s stock price has risen by 53.63% or $1.80, and marked a new high 38 times. However, the stock has declined by -27.15% since its 52-week high.
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UWMC stock investors should be aware that UWM Holdings Corporation (UWMC) stock had its last reported insider trading activity 8 days ago on Sep 13. Verdun Robert, the Director of the company, purchased of 40,000 shares for $5.20 on Sep 13. It resulted in a $208,000 investment by the insider. Czubak Kelly added 2,439 shares at an average price of $4.09 on Nov 21. The insider now owns 5,316 shares following the transaction.
Valuation Metrics
Right now, UWM Holdings Corporation (UWMC) has a P/E ratio of about 66.91. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 4.15, the price-to-book (PB) ratio of 3.88.
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 June 29 was 71.14, and the total debt-to-equity ratio was 71.97. On the profitability front, the trailing twelve-month gross margin is 88.70% percent. In the year ended June 29, operating margins totaled 46.50%. 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 5.30%.
In UWM Holdings Corporation’s quarter-end financial report for June 29, it reported total debt of $100.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected UWM Holdings Corporation to report $0.06 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by 83.30%. During the quarter, the company generated $327.32 million in EBITDA. The liabilities of UWM Holdings Corporation were 9.48 billion at the end of its most recent quarter ended June 29, and its total debt was $8.89 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 41.51%, the RSI 9-day stood at 33.95% on 20 September.
With respect to its five-day moving average, the current UWM Holdings Corporation price is down by -5.63% percent or -$0.31. At present, UWMC shares trade -10.11% below its 20-day simple moving average and -14.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.32% below its SMA50 and +14.43% above its SMA200.
Stochastic coefficient K was 16.02% and Stochastic coefficient D was 20.04%, while ATR was 0.19. Given the Stochastic reading of 13.18% for the 14-day period, the RSI (14) reading has been calculated as 36.58%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.24.
Analyst Ratings
UWM Holdings Corporation downgraded its rating on UWM Holdings Corporation (NYSE: UWMC) to a Mkt perform in a note to investors on August 08, 2023. The analysts firm previously had a Mkt outperform rating on the stock.UWM Holdings Corporation (UWMC) has been rated Hold by analysts. According to 1 brokerage firm, UWMC is a sell, and 7 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 1 recommending it as overweight.
With a median target price of $6.50, the current consensus forecast for the stock is $4.00 – $8.00. Based on these forecasts, analysts predict UWM Holdings Corporation (UWMC) will achieve an average price target of $6.25.
