The stock of Utz Brands Inc (UTZ) has gone down by -5.79% for the week, with a -2.04% drop in the past month and a 1.17% rise in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are 2.81% for UTZ. The simple moving average for the past 20 days is -4.71% for UTZ’s stock, with a 11.07% simple moving average for the past 200 days.
Is It Worth Investing in Utz Brands Inc (NYSE: UTZ) Right Now?
Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UTZ is 66.60M, and currently, short sellers hold a 9.66% ratio of that floaft. The average trading volume of UTZ on April 05, 2024 was 820.45K shares.
UTZ) stock’s latest price update
Utz Brands Inc (NYSE: UTZ) has experienced a decline in its stock price by -0.81 compared to its previous closing price of 17.39. However, the company has seen a fall of -5.79% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-18 that COTY is making several partnerships to enhance its brand portfolio. Management is committed to optimizing the overall cost structure amid inflation.
Analysts’ Opinion of UTZ
Many brokerage firms have already submitted their reports for UTZ stocks, with BofA Securities repeating the rating for UTZ by listing it as a “Buy.” The predicted price for UTZ in the upcoming period, according to BofA Securities is $22 based on the research report published on March 14, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see UTZ reach a price target of $20. The rating they have provided for UTZ stocks is “Neutral” according to the report published on March 01st, 2024.
Needham gave a rating of “Buy” to UTZ, setting the target price at $20 in the report published on January 03rd of the current year.
UTZ Trading at -4.84% from the 50-Day Moving Average
After a stumble in the market that brought UTZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.20% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.04% upper at present.
During the last 5 trading sessions, UTZ fell by -5.79%, which changed the moving average for the period of 200-days by +5.83% in comparison to the 20-day moving average, which settled at $18.08. In addition, Utz Brands Inc saw 6.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UTZ starting from CC Collier Holdings, LLC, who sale 244,712 shares at the price of $18.14 back on Mar 14 ’24. After this action, CC Collier Holdings, LLC now owns 3,311,442 shares of Utz Brands Inc, valued at $4,439,076 using the latest closing price.
Chu Chinh, the 10% Owner of Utz Brands Inc, sale 244,712 shares at $18.14 during a trade that took place back on Mar 14 ’24, which means that Chu Chinh is holding 3,311,442 shares at $4,439,076 based on the most recent closing price.
Stock Fundamentals for UTZ
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.32 for the gross margin
The net margin for Utz Brands Inc stands at 0.01. The total capital return value is set at -0.0. Equity return is now at value -3.63, with -0.88 for asset returns.
Based on Utz Brands Inc (UTZ), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is -0.08.
Currently, EBITDA for the company is -14.5 million with net debt to EBITDA at 11.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 10.47for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In a nutshell, Utz Brands Inc (UTZ) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
