The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for UTZ is 67.00M, and at present, short sellers hold a 9.39% of that float. On November 08, 2024, the average trading volume of UTZ was 679.29K shares.
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UTZ) stock’s latest price update
Utz Brands Inc (NYSE: UTZ)’s stock price has plunge by -5.94relation to previous closing price of 18.02. Nevertheless, the company has seen a -1.57% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Utz Brands, Inc. (NYSE:UTZ ) Q3 2024 Management Session Earnings Conference Call October 31, 2024 6:30 AM ET Company Participants Kevin Powers – Senior Vice President of Investor Relations Howard Friedman – Chief Executive Officer Ajay Kataria – Chief Financial Officer Kevin Powers Good morning, and thank you for joining us today for our pre-recorded discussion of our Third Quarter 2024 Earnings Results. On the call today are Howard Friedman, CEO; and Ajay Kataria, CFO.
UTZ’s Market Performance
Utz Brands Inc (UTZ) has seen a -1.57% fall in stock performance for the week, with a 1.68% gain in the past month and a -1.56% plunge in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 2.90% for UTZ. The simple moving average for the past 20 days is -0.75% for UTZ’s stock, with a -2.90% simple moving average for the past 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 -2.26% 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 -15.27% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +0.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.32% upper at present.
During the last 5 trading sessions, UTZ fell by -1.57%, which changed the moving average for the period of 200-days by +2.79% in comparison to the 20-day moving average, which settled at $17.08. In addition, Utz Brands Inc saw 4.56% 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 CC Collier Holdings, LLC, who sale 2,815,404 shares at the price of $17.29 back on Nov 06 ’24. After this action, CC Collier Holdings, LLC now owns 496,038 shares of Utz Brands Inc, valued at $48,678,335 using the latest closing price.
CC Collier Holdings, LLC, the Affiliate of Utz Brands Inc, proposed sale 2,815,404 shares at $17.34 during a trade that took place back on Nov 06 ’24, which means that CC Collier Holdings, LLC is holding shares at $48,819,105 based on the most recent closing price.
Stock Fundamentals for UTZ
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.34 for the gross margin
The net margin for Utz Brands Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value -2.01, with -0.52 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 0.11. The debt to equity ratio resting at 1.17. The interest coverage ratio of the stock is -7.8.
Currently, EBITDA for the company is 99.25 million with net debt to EBITDA at 5.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 12.05for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To sum up, Utz Brands Inc (UTZ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
