United Micro Electronics ADR (NYSE: UMC) has experienced a decline in its stock price by -2.57 compared to its previous closing price of 8.18. However, the company has seen a fall of -1.12% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-14 that United Microelectronics Corporation is expected to see top-line growth and improved profitability in 2024 and beyond. The company’s financials show a decent cash position and manageable debt, with a strong interest coverage ratio. UMC’s competitive advantage and market position are expected to be restored once the industry improves, making it an attractive investment.
Is It Worth Investing in United Micro Electronics ADR (NYSE: UMC) Right Now?
The price-to-earnings ratio for United Micro Electronics ADR (NYSE: UMC) is above average at 10.21x. The 36-month beta value for UMC is also noteworthy at 1.14. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for UMC is 2.51B, and at present, short sellers hold a 2.48% of that float. The average trading volume of UMC on April 15, 2024 was 7.63M shares.
UMC’s Market Performance
UMC stock saw a decrease of -1.12% in the past week, with a monthly decline of -4.21% and a quarterly a decrease of -0.13%. The volatility ratio for the week is 1.79%, and the volatility levels for the last 30 days are 1.72% for United Micro Electronics ADR (UMC). The simple moving average for the last 20 days is -2.08% for UMC’s stock, with a simple moving average of 4.41% for the last 200 days.
Analysts’ Opinion of UMC
HSBC Securities gave a rating of “Reduce” to UMC, setting the target price at $6.46 in the report published on April 27th of the previous year.
UMC Trading at 0.06% 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 -11.15% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.37% upper at present.
During the last 5 trading sessions, UMC fell by -1.12%, which changed the moving average for the period of 200-days by -0.62% in comparison to the 20-day moving average, which settled at $8.13. In addition, United Micro Electronics ADR saw -5.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for UMC
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.35 for the gross margin
The net margin for United Micro Electronics ADR stands at 0.27. The total capital return value is set at 0.12. Equity return is now at value 17.33, with 11.02 for asset returns.
Based on United Micro Electronics ADR (UMC), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.17. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 38.17.
Currently, EBITDA for the company is 94.17 billion with net debt to EBITDA at -0.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 6.71for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
In summary, United Micro Electronics ADR (UMC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
