UWM Holdings Corporation [UWMC] Revenue clocked in at $5.61 billion, down -46.00% YTD: What’s Next?



UWM Holdings Corporation [NYSE: UWMC] gained 4.11% on the last trading session, reaching $7.09 price per share at the time. The company report on August 16, 2021 that UWM Holdings Corporation Announces Second Quarter 2021 Results.

$138.7 million in 2Q21 Net Income;Record Quarterly Total Loan Volume of $59.2 billion and Purchase Volume of $24.1 billion in 2Q21.

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UWM Holdings Corporation (NYSE: UWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, announced its results for the second quarter ended June 30, 2021. UWMC reported 2Q21 net income of $138.7 million on $59.2 billion in total originations. The record loan origination volume for the quarter also included a quarterly record of $24.1 billion in purchase volume and net income for the second quarter was inclusive of a $219.1 million decline in fair value of mortgage servicing rights (MSRs).

UWM Holdings Corporation represents 1.65 billion in outstanding shares, while the company has a total market value of $11.72 billion with the latest information. UWMC stock price has been found in the range of $6.9401 to $7.2399.

If compared to the average trading volume of 2.52M shares, UWMC reached a trading volume of 4245091 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about UWM Holdings Corporation [UWMC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UWMC shares is $8.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UWMC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for UWM Holdings Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2021. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on July 12, 2021, representing the official price target for UWM Holdings Corporation stock. Previously, the target price had yet another raise to $8.50, while Keefe Bruyette analysts kept a Mkt Perform rating on UWMC stock.

The Average True Range (ATR) for UWM Holdings Corporation is set at 0.24, with the Price to Sales ratio for UWMC stock in the period of the last 12 months amounting to 2.09. The Price to Book ratio for the last quarter was 6.63, with the Price to Cash per share for the same quarter was set at 0.63.

Trading performance analysis for UWMC stock

UWM Holdings Corporation [UWMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.75. With this latest performance, UWMC shares dropped by -2.07% in over the last four-week period, additionally sinking by -5.47% over the last 6 months – not to mention a drop of -29.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UWMC stock in for the last two-week period is set at 55.84, with the RSI for the last a single of trading hit 62.87, and the three-weeks RSI is set at 51.63 for UWM Holdings Corporation [UWMC]. The present Moving Average for the last 50 days of trading for this stock 7.12, while it was recorded at 6.69 for the last single week of trading, and 8.41 for the last 200 days.

UWM Holdings Corporation [UWMC]: A deeper dive into fundamental analysis

Return on Total Capital for UWMC is now -3.36, given the latest momentum, and Return on Invested Capital for the company is -2.86. Return on Equity for this stock declined to -2.86, with Return on Assets sitting at -2.73. When it comes to the capital structure of this company, UWM Holdings Corporation [UWMC] has a Total Debt to Total Equity ratio set at 0.25. Additionally, UWMC Total Debt to Total Capital is recorded at 0.25, with Total Debt to Total Assets ending up at 0.23.

An analysis of insider ownership at UWM Holdings Corporation [UWMC]

There are presently around $192 million, or 26.50% of UWMC stock, in the hands of institutional investors. The top three institutional holders of UWMC stocks are: VANGUARD GROUP INC with ownership of 6,794,254, which is approximately 103.166% of the company’s market cap and around 0.20% of the total institutional ownership; KING STREET CAPITAL MANAGEMENT, L.P., holding 4,414,300 shares of the stock with an approximate value of $31.3 million in UWMC stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $14.13 million in UWMC stock with ownership of nearly 0.266% of the company’s market capitalization.

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Positions in UWM Holdings Corporation stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 105 institutional holders increased their position in UWM Holdings Corporation [NYSE:UWMC] by around 11,415,289 shares. Additionally, 41 investors decreased positions by around 9,045,189 shares, while 15 investors held positions by with 6,642,358 shares. The mentioned changes placed institutional holdings at 27,102,836 shares, according to the latest SEC report filing. UWMC stock had 68 new institutional investments in for a total of 3,463,872 shares, while 20 institutional investors sold positions of 4,188,875 shares during the same period.



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