As of Thursday close, Ultrapar Participacoes S.A.’s (NYSE:UGP) stock was down -$0.13, moving down -3.37 percent to $3.73. The average number of shares traded per day over the past five days has been 958,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 899,195, while in the previous 50 days, it was 1,210,172.
Since last month, UGP stock rose 0.54%. Shares of the company fell to $3.53 on 09/07/23, the lowest level in the past month. A 52-week high of $4.11 was reached on 07/13/23 after having rallying from a 52-week low of $2.13. Since the beginning of this year, UGP’s stock price has risen by 54.13% or $1.31, and marked a new high 35 times. However, the stock has declined by -9.25% since its 52-week high.
Valuation Metrics
Right now, Ultrapar Participacoes S.A. (UGP) has a P/E ratio of about 13.56. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 1.64.
The latest dividend of $0.0516 per share was paid out, which is 203.53% more than last year’s $0.0170. On Thursday August 10 2023, a $0.0346 dividend increase was announced.
Financial Health
In the three months ended June 29, Ultrapar Participacoes S.A.’s quick ratio stood at 1.50, while its current ratio was 2.00, 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 0.95, and the total debt-to-equity ratio was 1.18. On the profitability front, the trailing twelve-month gross margin is 5.50% percent. In the year ended June 29, operating margins totaled 2.30%. Based on annual data, UGP earned $1.43 billion in gross profit and brought in $27.82 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 12.00%. Return on equity (ROE) for the past 12 months was 11.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UGP’s revenue rose 100.0% during the quarter, while net income inched up to $27.29 billion. While analysts expected Ultrapar Participacoes S.A. to report $0.05 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated $274.77 million in EBITDA. The liabilities of Ultrapar Participacoes S.A. were 4.38 billion at the end of its most recent quarter ended June 29, and its total debt was $14.23 billion.
Technical Picture
This quick technical analysis looks at Ultrapar Participacoes S.A.’s (UGP) price momentum. With a historical volatility rate of 43.77%, the RSI 9-day stood at 46.69% on 21 September.
With respect to its five-day moving average, the current Ultrapar Participacoes S.A. price is down by -2.10% percent or -$0.08. At present, UGP shares trade -1.58% below its 20-day simple moving average and +29.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.05% below its SMA50 and +36.63% above its SMA200.
Stochastic coefficient K was 59.85% and Stochastic coefficient D was 71.08%, while ATR was 0.12. Given the Stochastic reading of 45.45% for the 14-day period, the RSI (14) reading has been calculated as 47.92%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at 0.05.
Analyst Ratings
Jefferies launched its rating on Ultrapar Participacoes S.A. (NYSE: UGP) to an Underperform in a note to investors on Sep-22-23. Ultrapar Participacoes S.A. (UGP) has been rated Hold by analysts. According to 2 brokerage firms, UGP is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ultrapar Participacoes S.A. stock as buy, with 3 recommending it as overweight.
With a median target price of $3.97, the current consensus forecast for the stock is $3.41 – $4.50. Based on these forecasts, analysts predict Ultrapar Participacoes S.A. (UGP) will achieve an average price target of $3.92.
