Looking For A Top Momentum Stock? Why UDR Inc (NYSE: UDR) Is A Great Pick

UDR Inc (NYSE:UDR) shares, rose in value, with the stock price down by -2.54% to the previous day’s close as strong demand from buyers drove the stock to $42.44.

Actively observing the price movement in the recent trading, the stock is buoying the session at $43.55, falling within a range of $41.88 and $42.985. The PE ratio was 105.04 over 12-month period. Referring to stock’s 52-week performance, its high was $47.55, and the low was $30.95. On the whole, UDR has fluctuated by -5.91% over the past month.

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With the market capitalization of UDR Inc currently standing at about $14.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04. The company’s Forward Dividend Ratio is 1.69, with its dividend yield at 3.99%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.66B, with a low estimate of 417.16M and a high estimate of 423M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 420.05M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UDR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 54.51, with the price of UDR currently trading nearly -3.69% and -5.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.81, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 1.51%. Furthermore, UDR Inc (UDR)’s beta value is 0.84, and its average true range (ATR) is 0.79.

A comparison of UDR Inc (UDR) with its peers suggests the former has fared considerably weaker in the market. UDR showed an intraday change of -2.54% in today’s session so far, and over the past year, it grew by 33.43%%.

Data on historical trading for UDR Inc (NYSE:UDR) indicates that the trading volumes over the past 10 days have averaged 1.65 and over the past 3 months, they’ve averaged 2.18 million. According to company’s latest data on outstanding shares, there are 329.01 million shares outstanding.

Nearly 0.50% of UDR Inc’s shares belong to company insiders and institutional investors own 99.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.89 million shares as on 2024-10-15, resulting in a short ratio of 2.78. According to the data, the short interest in UDR Inc (UDR) stood at 243.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.03 million. The stock has risen by 10.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UDR stock heading into the next quarter.

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