United Natural Foods Inc. (NYSE:UNFI) finished Wednesday with an addition of $0.96 to close at $14.69, an upside of 6.99 percent. An average of 1,874,780 shares of common stock have been traded in the last five days. There was a fall of -$4.29 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 888,800 shares traded, while the 50-day average volume stands at 604,330.
UNFI stock has decreased by -25.62% in the last month. The company shares reached their 1-month lowest point of $13.57 on 09/27/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $13.65 and a high of $47.88 in 52 weeks. It has reached a new high 10 times so far this year and lost -62.05% or -$24.02 in price. In spite of this, the price is down -69.32% from the 52-week high.
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Insider Transactions
UNFI stock investors should be aware that United Natural Foods Inc. (UNFI) stock had its last reported insider trading activity 234 days ago on Mar 24. In this transaction, the insider spent $298,340. President, TESTA CHRISTOPHER P., disposed of 27,931 shares at a price of $40.54 on Jan 23. The insider now owns more than $1,132,391 worth of shares. Prior to that, Chief Human Resources Officer Benedict Danielle went on to Sale 7,500 shares at $40.06 each on Jan 23. An amount of $300,450 was transacted.
Valuation Metrics
United Natural Foods Inc. (UNFI) has a trailing price-to-earnings (P/E) ratio of 43.41. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03, the price-to-book (PB) ratio at 0.49, and the price-to-cash flow ratio at 2.86.
Financial Health
The quick ratio of United Natural Foods Inc. for the three months ended July 30 was 0.49, and the current ratio was 1.44, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.76 and a total debt to equity ratio of 1.87 for the quarter ending July 30. United Natural Foods Inc.’s EBITDA margin for the year ending July 30 is 2.20%, while its operating margin for the same period stands at 0.51%. Its gross profit as reported stood at $4.13 billion compared to revenue of $30.27 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, United Natural Foods Inc.’s return on assets was 0.30%.
Earnings Surprise
For the three-month period that ended July 30, United Natural Foods Inc. had $1.96 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 -$68.0 million in the quarter, while revenues were grew 157.35%. The analyst consensus anticipated United Natural Foods Inc.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.25, a 10.70% surprise. For the quarter, EBITDA amounted to $5.0 million. Shareholders own equity worth $58.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at United Natural Foods Inc. (UNFI) price momentum. RSI 9-day as of the close on 27 September was 25.89%, suggesting the stock is oversold, with historical volatility in this time frame at 168.49%.
As of today, UNFI’s price is $17.09 -22.60% or -$4.29 from its 5-day moving average. UNFI is currently trading -26.99% lower than its 20-day SMA and -44.44% lower than its 100-day SMA. However, the stock’s current price level is -25.47% below the SMA50 and -61.85% below the SMA200.
The stochastic %K and %D were 24.46% and 38.18%, respectively, and the average true range (ATR) was 1.16. With the 14-day stochastic at 17.61% and the average true range at 0.98, the RSI (14) stands at 27.82%. The stock has reached -2.05 on the 9-day MACD Oscillator while the 14-day reading was at -2.19.
Analyst Ratings
UBS downgraded United Natural Foods Inc. (NYSE: UNFI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for United Natural Foods Inc. (UNFI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UNFI, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
