Understanding the Recent Fluctuations of UWM Holdings Corporation’s (UWMC) Stock

In the past week, UWMC stock has gone up by 5.42%, with a monthly gain of 19.52% and a quarterly surge of 30.05%. The volatility ratio for the week is 5.25%, and the volatility levels for the last 30 days are 5.02% for UWM Holdings Corporation The simple moving average for the last 20 days is 9.97% for UWMC stock, with a simple moving average of 35.67% for the last 200 days.

Is It Worth Investing in UWM Holdings Corporation (NYSE: UWMC) Right Now?

The stock has a 36-month beta value of 1.67. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for UWMC is 86.26M, and at present, short sellers hold a 16.65% of that float. On August 20, 2024, the average trading volume of UWMC was 1.49M shares.

UWMC) stock’s latest price update

UWM Holdings Corporation (NYSE: UWMC)’s stock price has plunge by 1.84relation to previous closing price of 9.13. Nevertheless, the company has seen a 5.42% surge in its stock price over the last five trading sessions. investorplace.com reported 2024-08-13 that Investment bank Wedbush may be best-known for its sell-side coverage of high-profile tech stocks like Tesla (NASDAQ: TSLA ), but taking a look at the new Wedbush price targets, you’ll find that the EV maker is not on this list. Neither are many of the other well-known names in tech.

Analysts’ Opinion of UWMC

Many brokerage firms have already submitted their reports for UWMC stocks, with Keefe Bruyette repeating the rating for UWMC by listing it as a “Mkt Perform.” The predicted price for UWMC in the upcoming period, according to Keefe Bruyette is $6 based on the research report published on April 09, 2024 of the current year 2024.

Keefe Bruyette gave a rating of “Underperform” to UWMC, setting the target price at $6 in the report published on January 10th of the current year.

UWMC Trading at 20.17% from the 50-Day Moving Average

After a stumble in the market that brought UWMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.55% of loss for the given period.

Volatility was left at 5.02%, however, over the last 30 days, the volatility rate increased by 5.25%, as shares surge +18.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.78% upper at present.

During the last 5 trading sessions, UWMC rose by +4.82%, which changed the moving average for the period of 200-days by +87.15% in comparison to the 20-day moving average, which settled at $8.53. In addition, UWM Holdings Corporation saw 30.05% 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 UWMC starting from Verdun Robert, who purchase 40,000 shares at the price of $5.20 back on Sep 13 ’23. After this action, Verdun Robert now owns 204,725 shares of UWM Holdings Corporation, valued at $208,000 using the latest closing price.

Stock Fundamentals for UWMC

Current profitability levels for the company are sitting at:

  • 0.49 for the present operating margin
  • 0.96 for the gross margin

The net margin for UWM Holdings Corporation stands at 0.13. The total capital return value is set at 0.22. Equity return is now at value 2.49, with 0.02 for asset returns.

Based on UWM Holdings Corporation (UWMC), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at -0.36. The debt to equity ratio resting at 86.27. The interest coverage ratio of the stock is 2.88.

Currently, EBITDA for the company is 1.14 billion with net debt to EBITDA at 8.06. When we switch over and look at the enterprise to sales, we see a ratio of 10.8. The receivables turnover for the company is 2.81for trailing twelve months and the total asset turnover is 0.17.

Conclusion

To sum up, UWM Holdings Corporation (UWMC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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