Utz Brands Inc (NYSE:UTZ) finished Wednesday with an addition of $0.47 to close at $14.30, an upside of 3.40 percent. An average of 786,040 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 527,575 shares traded, while the 50-day average volume stands at 489,392.
UTZ stock has decreased by -4.60% in the last month. The company shares reached their 1-month lowest point of $13.52 on 09/25/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $13.52 and a high of $19.15 in 52 weeks. It has reached a new high 11 times so far this year and lost -9.84% or -$1.56 in price. In spite of this, the price is down -25.33% from the 52-week high.
Insider Transactions
UTZ stock investors should be aware that Utz Brands Inc (UTZ) stock had its last reported insider trading activity 148 days ago on Jun 09. In this transaction, the insider spent $54,893. Director, DEROMEDI ROGER K, disposed of 6,310 shares at a price of $19.01 on May 01. The insider now owns more than $119,956 worth of shares. Prior to that, 10% Owner CC Collier Holdings, LLC went on to Sale 1,500,000 shares at $16.66 each on Mar 17. An amount of $24,990,000 was transacted.
Valuation Metrics
Utz Brands Inc (UTZ) has a trailing price-to-earnings (P/E) ratio of 4205.88. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81, the price-to-book (PB) ratio at 1.69, and the price-to-cash flow ratio at 94.33.
Financial Health
The quick ratio of Utz Brands Inc for the three months ended June 29 was 1.24, and the current ratio was 1.82, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.47 and a total debt to equity ratio of 1.53 for the quarter ending June 29. Utz Brands Inc’s EBITDA margin for the year ending June 29 is 11.31%, while its operating margin for the same period stands at 5.23%. Its gross profit as reported stood at $449.06 million compared to revenue of $1.41 billion.
Earnings Surprise
For the three-month period that ended June 29, Utz Brands Inc had $947.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.12 million in the quarter, while revenues of -$9.13 million were grew 177.18%. The analyst consensus anticipated Utz Brands Inc’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.13, a 8.30% surprise. For the quarter, EBITDA amounted to $22.97 million. Shareholders own equity worth $140.49 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Utz Brands Inc (UTZ) price momentum. RSI 9-day as of the close on 27 September was 50.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.14%.
As of today, UTZ’s price is $13.92 +1.20% or $0.17 from its 5-day moving average. UTZ is currently trading -6.17% lower than its 20-day SMA and -20.91% lower than its 100-day SMA. However, the stock’s current price level is -15.13% below the SMA50 and -22.28% below the SMA200.
The stochastic %K and %D were 30.82% and 19.38%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 64.85% and the average true range at 0.44, the RSI (14) stands at 46.47%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
RBC Capital Mkts launched coverage on Utz Brands Inc (NYSE: UTZ) in its analyst report released on September 26, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Utz Brands Inc (UTZ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UTZ, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is UTZ’s price target for the next 12 months?
Analysts predict a range of price targets between $17.00 and $22.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Utz Brands Inc (UTZ) stock is $18.67.
