The stock of United Microelectronics Corporation (UMC) has gone down by -0.51% for the week, with a -1.75% drop in the past month and a -2.00% drop in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are 1.80% for UMC. The simple moving average for the past 20 days is -1.61% for UMC’s stock, with a 7.11% simple moving average for the past 200 days.
Is It Worth Investing in United Microelectronics Corporation (NYSE: UMC) Right Now?
United Microelectronics Corporation (NYSE: UMC) has a price-to-earnings ratio of 7.26x that is above its average ratio. Additionally, the 36-month beta value for UMC is 1.28. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
The average price predicted by analysts for UMC is $5.30, which is -$0.23 below the current price. The public float for UMC is 2.25B and currently, short sellers hold a 2.17% ratio of that float. The average trading volume of UMC on May 24, 2023 was 6.33M shares.
UMC) stock’s latest price update
United Microelectronics Corporation (NYSE: UMC)’s stock price has decreased by -0.51 compared to its previous closing price of 7.89. However, the company has seen a -0.51% decrease in its stock price over the last five trading sessions.
UMC Trading at -5.36% from the 50-Day Moving Average
After a stumble in the market that brought UMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.34% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares surge +2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.55% lower at present.
During the last 5 trading sessions, UMC fell by -0.51%, which changed the moving average for the period of 200-days by +12.79% in comparison to the 20-day moving average, which settled at $7.99. In addition, United Microelectronics Corporation saw 20.21% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for UMC
Current profitability levels for the company are sitting at:
- +35.50 for the present operating margin
- +44.00 for the gross margin
The net margin for United Microelectronics Corporation stands at +31.29. The total capital return value is set at 26.25, while invested capital returns managed to touch 24.72. Equity return is now at value 26.00, with 15.90 for asset returns.
Based on United Microelectronics Corporation (UMC), the company’s capital structure generated 15.88 points at debt to equity in total, while total debt to capital is 13.70. Total debt to assets is 9.98, with long-term debt to equity ratio resting at 13.45. Finally, the long-term debt to capital ratio is 11.61.
When we switch over and look at the enterprise to sales, we see a ratio of 1.85, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 7.38 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In conclusion, United Microelectronics Corporation (UMC) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
