UWM Holdings Corporation (NYSE:UWMC) saw an upside of 0.20% to close Friday at $4.97 after adding $0.01 on the day. The 5-day average trading volume is 940,140 shares of the company’s common stock. It has gained $5.44 in the past week and touched a new high 1 time within the past 5 days. An average of 1,055,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,043,264.
UWMC’s 1-month performance is -12.65% or -$0.59 on its low of $4.95 reached on 09/22/23. The company’s shares have touched a 52-week low of $2.84 and high of $6.98, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, UWMC has achieved 50.15% or $1.66 and has reached a new high 38 times. However, the current price is down -28.80% from the 52-week high price.
Valuation Metrics
UWMC stock has a beta of 1.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24 while the price-to-book (PB) in the most recent quarter is 3.80.
As well, the company’s long term debt to equity for the quarter ending June 29 was 46.53, while the total debt to equity was 72.85. In terms of profitability, the gross margin trailing 12 months is 86.38%. 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 June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected UWMC to announce $0.06 per share in earnings in its latest quarter, but it posted $0.11, representing a 83.30% surprise. EBITDA for the quarter stood at more than $327.32 million. UWMC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.48 billion, with total debt at $8.89 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 22 September was 29.18% to suggest the stock is trending oversold, with historical volatility in this time period at 38.67%.
The stock’s 5-day moving average is $5.11, reflecting a -7.96% or -$0.43 change from its current price. UWMC is currently trading -10.45% above its 20-day SMA, -16.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.79% and SMA200 by+9.23%.
Stochastic %K and %D was 12.34% and 18.81% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 33.39%, while the 14-day stochastic is at 2.15% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.20 and -0.28 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. Analysts offering their rating for UWMC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate UWMC as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is UWMC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $8.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for UWM Holdings Corporation (UWMC) stock is $6.25.
