United Micro Electronics ADR (NYSE:UMC) shares, rose in value, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $7.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.38. The PE ratio was 13.64 over 12-month period. Referring to stock’s 52-week performance, its high was $9.00, and the low was $5.61. On the whole, UMC has fluctuated by 9.75% over the past month.
With the market capitalization of United Micro Electronics ADR currently standing at about $18.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 6.13%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.46, with the price of UMC currently trading nearly 5.40% and 9.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.87, while the 7-day volatility ratio is showing 2.17% which for the 30-day chart, stands at 3.05%. Furthermore, United Micro Electronics ADR (UMC)’s beta value is 1.07, and its average true range (ATR) is 0.22.
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 0.68% in today’s session so far, and over the past year, it shrunk by -6.54%%.
Data on historical trading for United Micro Electronics ADR (NYSE:UMC) indicates that the trading volumes over the past 3 months, they’ve averaged 14.77 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 6.40% of the company’s shares. The stock has risen by 14.49% 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.
