United Natural Foods Inc. Touches $9.27: Is The Risk Worth It For This Price?

United Natural Foods Inc. (NYSE:UNFI) price on Friday, April 19, fall -0.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.27.

A look at the stock’s price movement, the close in the last trading session was $9.35. The beta value (5-Year monthly) was 0.56. Turning to its 52-week performance, $28.37 and $9.18 were the 52-week high and 52-week low respectively. Overall, UNFI moved -23.01% over the past month.

United Natural Foods Inc.’s market cap currently stands at around $551.01 million, with investors looking forward to this quarter’s earnings report slated for Jun 05, 2024 – Jun 10, 2024.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that UNFI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

UNFI’s current price about -13.01% and -28.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.68, while 7-day volatility ratio is 4.62% and 3.79% in the 30-day chart. Further, United Natural Foods Inc. (UNFI) has a beta value of 0.62, and an average true range (ATR) of 0.45.

If we refocus on United Natural Foods Inc. (NYSE:UNFI), historical trading data shows that trading volumes averaged 719.45K over the past 3 months. The company’s latest data on shares outstanding shows there are 58.50 million shares.

The 2.74% of United Natural Foods Inc.’s shares are in the hands of company insiders while institutional holders own 88.77% of the company’s shares. Current price change has pushed the stock -42.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UNFI stock continues to rise going into the next quarter.

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