United Micro Electronics ADR (NYSE:UMC) finished Thursday with an addition of $0.16 to close at $7.07, an upside of 2.32 percent. An average of 5,451,780 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 5,833,755 shares traded, while the 50-day average volume stands at 5,922,554.
UMC stock has decreased by -1.53% in the last month. The company shares reached their 1-month lowest point of $6.84 on 09/27/23. With the stock rallying to its 52-week high on 06/15/23, shares of the company touched a low of $5.36 and a high of $8.97 in 52 weeks. It has reached a new high 20 times so far this year and achieved 8.27% or $0.54 in price. In spite of this, the price is down -21.18% from the 52-week high.
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Valuation Metrics
United Micro Electronics ADR (UMC) has a trailing price-to-earnings (P/E) ratio of 7.05. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.14, the price-to-book (PB) ratio at 1.69, and the price-to-cash flow ratio at 88.27.
The company has a payout ratio of 37.44%. The company’s most recent quarterly dividend payment was $0.4530 a share, representing a up of 58.06% from $0.2866 last year. Its latest increase dividend $0.1664 reported on Wednesday June 7 2023.
Financial Health
The quick ratio of United Micro Electronics ADR for the three months ended June 29 was 1.42, and the current ratio was 1.67, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.16 for the quarter ending June 29. Its gross profit as reported stood at $4.09 billion compared to revenue of $9.07 billion.
Earnings Surprise
For the three-month period that ended June 29, United Micro Electronics ADR had $219.99 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 $2.91 billion in the quarter, while revenues were grew 72.04%. The analyst consensus anticipated United Micro Electronics ADR’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.2, a 25.00% surprise. For the quarter, EBITDA amounted to $805.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at United Micro Electronics ADR (UMC) price momentum. RSI 9-day as of the close on 28 September was 49.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.45%.
As of today, UMC’s price is $7.00 +1.73% or $0.12 from its 5-day moving average. UMC is currently trading -2.75% lower than its 20-day SMA and -13.78% lower than its 100-day SMA. However, the stock’s current price level is -7.58% below the SMA50 and -0.42% below the SMA200.
The stochastic %K and %D were 19.54% and 17.28%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 38.33% and the average true range at 0.15, the RSI (14) stands at 48.47%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
HSBC Securities downgraded United Micro Electronics ADR (NYSE: UMC) to a a Reduce rating in its most recent analyst report. Previously, the stock was rated as a Hold.
