Ultra Clean Hldgs Inc (NASDAQ: UCTT)’s stock price has dropped by -8.62 in relation to previous closing price of 40.93. Nevertheless, the company has seen a loss of -2.55% in its stock price over the last five trading days. gurufocus.com reported 2024-10-02 that Shares of Ultra Clean Holdings Inc (UCTT, Financial) surged 5.17% in mid-day trading on Oct 2. The stock reached an intraday high of $39.88, before settling at $39.81, up from its previous close of $37.85.
Is It Worth Investing in Ultra Clean Hldgs Inc (NASDAQ: UCTT) Right Now?
Company’s 36-month beta value is 2.06.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for UCTT is 43.86M, and currently, short sellers hold a 1.73% ratio of that floaft. The average trading volume of UCTT on October 16, 2024 was 460.06K shares.
UCTT’s Market Performance
UCTT’s stock has seen a -2.55% decrease for the week, with a 10.78% rise in the past month and a -26.32% fall in the past quarter. The volatility ratio for the week is 5.20%, and the volatility levels for the past 30 days are at 4.71% for Ultra Clean Hldgs Inc The simple moving average for the past 20 days is -1.43% for UCTT’s stock, with a -10.88% simple moving average for the past 200 days.
Analysts’ Opinion of UCTT
Many brokerage firms have already submitted their reports for UCTT stocks, with Oppenheimer repeating the rating for UCTT by listing it as a “Outperform.” The predicted price for UCTT in the upcoming period, according to Oppenheimer is $70 based on the research report published on September 25, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see UCTT reach a price target of $60, previously predicting the price at $55. The rating they have provided for UCTT stocks is “Buy” according to the report published on July 26th, 2024.
TD Cowen gave a rating of “Buy” to UCTT, setting the target price at $55 in the report published on May 07th of the current year.
UCTT Trading at 1.46% from the 50-Day Moving Average
After a stumble in the market that brought UCTT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.77% of loss for the given period.
Volatility was left at 4.71%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares surge +9.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.03% upper at present.
During the last 5 trading sessions, UCTT fell by -2.55%, which changed the moving average for the period of 200-days by +7.01% in comparison to the 20-day moving average, which settled at $37.94. In addition, Ultra Clean Hldgs Inc saw 9.55% 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 UCTT starting from Savage Sheri, who sale 2,440 shares at the price of $55.87 back on Jul 12 ’24. After this action, Savage Sheri now owns 49,238 shares of Ultra Clean Hldgs Inc, valued at $136,323 using the latest closing price.
Savage Sheri, the CFO of Ultra Clean Hldgs Inc, sale 897 shares at $55.87 during a trade that took place back on Jul 11 ’24, which means that Savage Sheri is holding 51,678 shares at $50,115 based on the most recent closing price.
Stock Fundamentals for UCTT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.16 for the gross margin
The net margin for Ultra Clean Hldgs Inc stands at -0.0. The total capital return value is set at 0.03. Equity return is now at value -1.01, with -0.46 for asset returns.
Based on Ultra Clean Hldgs Inc (UCTT), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 2.17.
Currently, EBITDA for the company is 101.6 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.
Conclusion
In a nutshell, Ultra Clean Hldgs Inc (UCTT) has experienced a mixed performance in recent times. The stock has received mixed “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.
