United Micro Electronics ADR (NYSE: UMC) has seen a decline in its stock price by -1.24 in relation to its previous close of 8.84. However, the company has experienced a 4.05% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-13 that The ‘Undercovered’ Dozen series highlights 12 undercovered stocks, providing investment ideas and sparking community discussion on their potential. Zach Bristow argues that Sylvamo Corporation offers a compelling risk/reward opportunity with reasonable valuations, shareholder-oriented management, and potential valuations up to $200/share. NuScale Power Corporation faces skepticism, according to George Theodosi, due to overhype and lack of US SMR projects, despite global interest in nuclear energy.
Is It Worth Investing in United Micro Electronics ADR (NYSE: UMC) Right Now?
United Micro Electronics ADR (NYSE: UMC) has a higher price-to-earnings ratio of 13.07x compared to its average ratio, The 36-month beta value for UMC is at 1.12. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for UMC is 2.51B, and currently, shorts hold a 1.85% of that float. The average trading volume for UMC on September 30, 2024 was 13.90M shares.
UMC’s Market Performance
UMC’s stock has seen a 4.05% increase for the week, with a 1.51% rise in the past month and a -0.34% fall in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 2.27% for United Micro Electronics ADR The simple moving average for the last 20 days is 2.49% for UMC stock, with a simple moving average of 6.66% for the last 200 days.
UMC Trading at 4.51% 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 -3.00% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +0.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.40% upper at present.
During the last 5 trading sessions, UMC rose by +4.05%, which changed the moving average for the period of 200-days by +10.51% in comparison to the 20-day moving average, which settled at $8.52. In addition, United Micro Electronics ADR saw 3.19% 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:
- 0.23 for the present operating margin
- 0.33 for the gross margin
The net margin for United Micro Electronics ADR stands at 0.23. The total capital return value is set at 0.11. Equity return is now at value 15.63, with 9.35 for asset returns.
Based on United Micro Electronics ADR (UMC), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.42. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 32.23.
Currently, EBITDA for the company is 94.17 billion with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 6.34for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, United Micro Electronics ADR (UMC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
