UWM Holdings Corporation [NYSE: UWMC] closed the trading session at $8.92.
The stocks have a year to date performance of 24.76 percent and weekly performance of -0.34 percent. The stock has been moved at 32.15 percent over the last six months. The stock has performed -2.30 percent around the most recent 30 days and changed 22.87 percent over the most recent 3-months.
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If compared to the average trading volume of 1.64M shares, UWMC reached to a volume of 3714455 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $7.85 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 3.17. 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.
Keefe Bruyette have made an estimate for UWM Holdings Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 09, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on January 10, 2024, representing the official price target for UWM Holdings Corporation stock. Previously, the target price had yet another raise to $6, while Keefe Bruyette analysts kept a Underperform rating on UWMC stock.
The Average True Range (ATR) for UWM Holdings Corporation is set at 0.31, with the Price to Sales ratio for UWMC stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 7.51, with the Price to Cash per share for the same quarter was set at 7.11.
UWMC stock trade performance evaluation
UWM Holdings Corporation [UWMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.34. With this latest performance, UWMC shares dropped by -2.30% in over the last four-week period, additionally plugging by 32.15% over the last 6 months – not to mention a rise of 66.11% 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 50.24, with the RSI for the last a single of trading hit 46.05, and the three-weeks RSI is set at 52.90 for UWM Holdings Corporation [UWMC]. The present Moving Average for the last 50 days of trading for this stock 8.62, while it was recorded at 9.01 for the last single week of trading, and 7.24 for the last 200 days.
Earnings per share (EPS) analysis for UWM Holdings Corporation [UWMC] stock
With the latest financial reports released by the company, UWM Holdings Corporation posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UWMC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for UWM Holdings Corporation go to -8.56%.
UWM Holdings Corporation [UWMC]: Institutional Ownership
The top three institutional holders of UWMC stocks are: VANGUARD GROUP INC with ownership of 8.61 million shares, which is approximately 9.1232%. FMR LLC, holding 8.21 million shares of the stock with an approximate value of $$56.88 million in UWMC stocks shares; and FMR LLC, currently with $$33.92 million in UWMC stock with ownership which is approximately 5.1863%.
