Moreover, the 36-month beta value for UWMC is 1.68. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 3 as “sell.”
The public float for UWMC is 67.69M and currently, short sellers hold a 18.54% of that float. On October 07, 2024, UWMC’s average trading volume was 1.99M shares.
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UWMC) stock’s latest price update
The stock price of UWM Holdings Corporation (NYSE: UWMC) has plunged by -3.82 when compared to previous closing price of 7.86, but the company has seen a -9.89% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-01 that UWMC is outpacing the S&P 500 with a 22% return YTD in 2024, positioning its share price to move higher with the next rate cut cycle. UWM’s ability to excel in both purchase and refinance markets has fueled its growth, demonstrating resilience through the rate cycle and aligning itself for an oncoming refinancing & purchasing surge. While bullish on UWM’s long-term, housing market softening, recession indicators, and the company’s elevated payout ratio need improvement to ensure sustainable profitability for the company.
UWMC’s Market Performance
UWM Holdings Corporation (UWMC) has experienced a -9.89% fall in stock performance for the past week, with a -15.44% drop in the past month, and a 14.20% rise in the past quarter. The volatility ratio for the week is 3.84%, and the volatility levels for the past 30 days are at 3.13% for UWMC. The simple moving average for the past 20 days is -12.39% for UWMC’s stock, with a 2.65% simple moving average for the past 200 days.
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 -13.62% 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 -22.38% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares sank -13.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.55% lower at present.
During the last 5 trading sessions, UWMC fell by -9.89%, which changed the moving average for the period of 200-days by +4.85% in comparison to the 20-day moving average, which settled at $8.57. In addition, UWM Holdings Corporation saw 5.73% 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 Mat Ishbia, who sale 1,200,000 shares at the price of $8.45 back on Sep 16 ’24. After this action, Mat Ishbia now owns 0 shares of UWM Holdings Corporation, valued at $10,140,000 using the latest closing price.
Mat Ishbia, the President and CEO of UWM Holdings Corporation, sale 10,842,012 shares at $8.45 during a trade that took place back on Sep 13 ’24, which means that Mat Ishbia is holding 0 shares at $91,615,001 based on the most recent 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 9.51. The receivables turnover for the company is 2.81for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To wrap up, the performance of UWM Holdings Corporation (UWMC) has been mixed in recent times. The stock has received a mixed of “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.
