UWM Holdings Corporation (NYSE:UWMC) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $6.45.
Actively observing the price movement in the last trading, the stock closed the session at $6.45. The value of beta (5-year monthly) was 1.63. Referring to stock’s 52-week performance, its high was $7.75, and the low was $4.49. On the whole, UWMC has fluctuated by -0.62% over the past month.
With the market capitalization of UWM Holdings Corporation currently standing at about $609.59 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 6.20%. 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 $0.06, which is expected to increase to $0.11 for fiscal year $0.31 and then to about $0.42 by fiscal year 2025. Data indicates that the EPS growth is expected to be 875.00% in 2025, while the next year’s EPS growth is forecast to be 35.50%.
Analysts have estimated the company’s revenue for the quarter at $455.95 million, with a low estimate of $397.3 million and a high estimate of $574.59 million. According to the average forecast, sales growth in current quarter could jump up 182.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.15 billion, representing an increase of 64.30% 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 1 upward and no downward review(s) in last seven days. We see that UWMC’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UWMC currently trading nearly -6.03% and -4.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.89, while the 7-day volatility ratio is showing 7.59% which for the 30-day chart, stands at 4.66%. Furthermore, UWM Holdings Corporation (UWMC)’s beta value is 1.66, and its average true range (ATR) is 0.33.
A comparison of UWM Holdings Corporation (UWMC) with its peers suggests the former has fared considerably weaker in the market. UWMC showed an intraday change of 0.00% in last session, and over the past year, it grew by 28.49%%.
Data on historical trading for UWM Holdings Corporation (NYSE:UWMC) indicates that the trading volumes over the past 10 days have averaged 3.86 million and over the past 3 months, they’ve averaged 1.70 million. According to company’s latest data on outstanding shares, there are 93.65 million shares outstanding.
Nearly 9.60% of UWM Holdings Corporation’s shares belong to company insiders and institutional investors own 48.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.79 million shares as on Mar 15, 2024, resulting in a short ratio of 11.51. According to the data, the short interest in UWM Holdings Corporation (UWMC) stood at 16.71% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 17.29 million. The stock has fallen by -9.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UWMC stock heading into the next quarter.
