Universe Pharmaceuticals INC (NASDAQ:UPC) traded at $2.99 at close of the session on current trade day and made a downward move of -8.00% on its previous day’s price.
Looking at the stock we see that its previous close was $3.25 and the beta (5Y monthly) reads 1.671 with the day’s price range being $3.08 – $3.21. In terms of its 52-week price range, UPC has a high of $4.32 and a low of $0.75. The company’s stock has lost about -16.94% over that past 30 days.
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Universe Pharmaceuticals INC has a market cap of $10.91 million and is expected to release its quarterly earnings report in October.
On the other hand, looking at the outlook for the UPC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -14.66% off its SMA20 and -12.14% from its 50-day simple moving average. The RSI (14) is pointing at 38.90 while the volatility over the past week is 13.42% and jumps to 15.68% over the past one month. The beta value is 1.67, while the average true range (ATR) is currently pointing at 0.42.
Coming back to Universe Pharmaceuticals INC (NASDAQ:UPC), we note that the average 3-month trading volume was 824.08K, while that of the preceding 10-day period stands at 2.68 million. Current shares outstanding are 3.62 million.
The insiders hold 57.05% of the company’s shares while institutions hold 0.15%. The data shows that short shares as of 2024-08-15, stood at 1.76 million at a short ratio of 1.87. This represents a 815.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 35204.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 48.76% up in year-to-date price movement.
