United Micro Electronics ADR (NYSE:UMC) shares, rose in value, with the stock price up by 0.75% to the previous day’s close as strong demand from buyers drove the stock to $8.06.
Actively observing the price movement in the last trading, the stock closed the session at $8.00. The value of beta (5-year monthly) was 1.19 whereas the PE ratio was 10.33 over 12-month period. Referring to stock’s 52-week performance, its high was $8.97, and the low was $6.71. On the whole, UMC has fluctuated by 1.90% over the past month.
The company’s Forward Dividend Ratio is 0.58, with its dividend yield at 7.15%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.15 for fiscal year $0.64 and then to about $0.78 by fiscal year 2025. Data indicates that the EPS growth is expected to be -20.00% in 2025, while the next year’s EPS growth is forecast to be 21.90%.
Analysts have estimated the company’s revenue for the quarter at $1.73 billion, with a low estimate of $1.7 billion and a high estimate of $1.76 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $7.66 billion, representing an increase of 5.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UMC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UMC currently trading nearly -1.32% and 1.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.14, while the 7-day volatility ratio is showing 1.94% which for the 30-day chart, stands at 1.93%. Furthermore, United Micro Electronics ADR (UMC)’s beta value is 1.14, and its average true range (ATR) is 0.17.
A comparison of United Micro Electronics ADR (UMC) with its peers suggests the former has fared considerably weaker in the market. UMC showed an intraday change of 0.75% in last session, and over the past year, it shrunk by -6.50%%.
Data on historical trading for United Micro Electronics ADR (NYSE:UMC) indicates that the trading volumes over the past 10 days have averaged 6.49 million and over the past 3 months, they’ve averaged 7.61 million. According to company’s latest data on outstanding shares, there are 2.51 billion shares outstanding.
Nearly 0.00% of United Micro Electronics ADR’s shares belong to company insiders and institutional investors own 4.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 58.47 million shares as on Mar 15, 2024, resulting in a short ratio of 8.51. According to the data, the short interest in United Micro Electronics ADR (UMC) stood at 2.33% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 57.41 million. The stock has fallen by -4.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UMC stock heading into the next quarter.
