The price-to-earnings ratio for Utz Brands Inc (NYSE: UTZ) is above average at 497.44x. The 36-month beta value for UTZ is also noteworthy at 1.02. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for UTZ is 66.99M, and at present, short sellers hold a 10.00% of that float. The average trading volume of UTZ on October 03, 2024 was 813.20K shares.
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UTZ) stock’s latest price update
Utz Brands Inc (NYSE: UTZ)’s stock price has dropped by -2.78 in relation to previous closing price of 18.01. Nevertheless, the company has seen a loss of -0.79% in its stock price over the last five trading days. businesswire.com reported 2024-10-02 that HANOVER, Pa.–(BUSINESS WIRE)–Utz Brands, Inc., a leading U.S. manufacturer of branded salty snack foods for more than 100 years, will showcase its bold and distinctive snacks at the 2024 National Association of Convenience Stores (NACS) Show, held October 8-10 at the Las Vegas Convention Center. Zapp’s and Utz will preview upcoming new potato chip and pretzel flavors and highlight a variety of popular products from many of Utz’s beloved brands at North Hall booth 2847. Zapp’s will offer NACS.
UTZ’s Market Performance
Utz Brands Inc (UTZ) has seen a -0.79% fall in stock performance for the week, with a -0.05% decline in the past month and a 6.90% surge in the past quarter. The volatility ratio for the week is 2.95%, and the volatility levels for the past 30 days are at 3.03% for UTZ. The simple moving average for the last 20 days is -1.35% for UTZ’s stock, with a simple moving average of 1.02% for the last 200 days.
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 3.68% 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 -12.47% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares sank -2.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.85% upper at present.
During the last 5 trading sessions, UTZ fell by -0.79%, which changed the moving average for the period of 200-days by +21.18% in comparison to the 20-day moving average, which settled at $17.73. In addition, Utz Brands Inc saw 8.02% 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 Stewart Pamela J, who purchase 895 shares at the price of $16.81 back on Aug 06 ’24. After this action, Stewart Pamela J now owns 27,971 shares of Utz Brands Inc, valued at $15,045 using the latest closing price.
Lindeman Bruce John, the Director of Utz Brands Inc, purchase 4,000 shares at $16.11 during a trade that took place back on Aug 05 ’24, which means that Lindeman Bruce John is holding 42,480 shares at $64,440 based on the most recent closing price.
Stock Fundamentals for UTZ
Current profitability levels for the company are sitting at:
- 0.06 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 0.03. Equity return is now at value 0.61, with 0.15 for asset returns.
Based on Utz Brands Inc (UTZ), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.19. The interest coverage ratio of the stock is 1.44.
Currently, EBITDA for the company is -14.5 million with net debt to EBITDA at 4.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 10.22for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In summary, Utz Brands Inc (UTZ) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
