UWM Holdings Corporation [NYSE: UWMC] stock went on a downward path that fall over -2.72% on Wednesday, amounting to a one-week price increase of more than 2.88%.
Over the last 12 months, UWMC stock rose by 7.05%. The one-year UWM Holdings Corporation stock forecast points to a potential upside of 20.34. The average equity rating for UWMC stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.97 billion, with 93.65 million shares outstanding and 68.97 million shares in the current float. Compared to the average trading volume of 2.81M shares, UWMC stock reached a trading volume of 4493726 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $7.62 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 3.00. 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.
Morgan Stanley have made an estimate for UWM Holdings Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 05, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $6 to $8. The new note on the price target was released on October 08, 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 Mkt Perform rating on UWMC stock.
The Average True Range (ATR) for UWM Holdings Corporation is set at 0.27, with the Price to Sales ratio for UWMC stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 5.75, with the Price to Cash per share for the same quarter was set at 0.39.
UWMC Stock Performance Analysis:
UWM Holdings Corporation [UWMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.88. With this latest performance, UWMC shares dropped by -10.07% in over the last four-week period, additionally sinking by -13.53% over the last 6 months – not to mention a rise of 7.05% 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 37.95, with the RSI for the last a single of trading hit 42.30, and the three-weeks RSI is set at 36.38 for UWM Holdings Corporation [UWMC]. The present Moving Average for the last 50 days of trading for this stock 7.28, while it was recorded at 5.96 for the last single week of trading, and 7.35 for the last 200 days.
UWMC Stock EPS
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] Institutonal Ownership Details
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%.
