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Universal Technical Institute Inc (UTI) Could Be Possessing A Gold Mine

Universal Technical Institute Inc (NYSE:UTI) concluded the trading at $15.80 Friday, February 09 with a fall of -2.47% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $16.20 and 5Y monthly beta was reading 1.19 . Company’s P/E ratio for the trailing 12 months is 61.26. Considering stock’s 52-week price range provides that UTI hit a high price of $16.32 and saw its price falling to a low level of $5.63 during that period. Over a period of past 1-month, stock came adding 25.90% in its value.

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With its current market valuation of $848.93 million, Universal Technical Institute Inc is set to declare its quarterly results on May 07, 2024 – May 13, 2024. Analysts are in estimates of $0.15 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.63 for 2024 with estimates of that growing to $0.82 in next year. These estimates are suggesting current year growth of 384.60% for EPS and 30.20% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $177.23 million. They suggested that in the process company could generate revenue of as low as $175.9 million which could climb up to $178.8 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $713.74 million in 2024, which will be 17.50% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review UTI stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the UTI stock which is currently positioned at 4.08. It further provides that stock’s current price level is 10.69% away from its 20-day simple moving average and is 22.55% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 69.64 while volatility remained at 5.61% over the past week which changes to 4.04% when measuring it over the past month. Beta is valued at 1.21, while measure of average true range or ATR is currently at 0.63.

In comparing Universal Technical Institute Inc (UTI)’s stock with other industry players reveals that stock’s current price change of -2.47% and that of 125.07% over the past 12 months is in competing position with that of Franklin Covey Co. (FC) which saw its stock price raised by 2.29%% in the last trading and went through a decrease of -14.89% in past 12-month trading. Adtalem Global Education Inc. (ATGE) was also up 2.54%% however its price remained floating in the green at 25.70% over the same period. Universal Technical Institute Inc has a P/E ratio of 61.26 against that of Franklin Covey Co.’s 31.29.

Having a second look at Universal Technical Institute Inc (NYSE:UTI) provides that stock’s average daily trading volume for 3 months was 442.33K, while it jumped to 1.03 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 53.73 million.

The percentage of outstanding shares held by the insiders is 4.82% while it is 75.22% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 1.08 million which implies a short ratio of 3. This shows up a 2.01% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 0.64 million in the previous month. Addition of 26.20% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.