United Micro Electronics ADR (NYSE:UMC) shares, rose in value, with the stock price down by -2.15% to the previous day’s close as strong demand from buyers drove the stock to $6.84.
Actively observing the price movement in the last trading, the stock closed the session at $6.99, falling within a range of $6.78 and $7.01. The PE ratio was 10.24 over 12-month period. Referring to stock’s 52-week performance, its high was $9.00, and the low was $6.98. On the whole, UMC has fluctuated by -17.49% over the past month.
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With the market capitalization of United Micro Electronics ADR currently standing at about $17.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 6.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.26B, with a low estimate of 1.89B and a high estimate of 1.93B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.91B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UMC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 25% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.54, with the price of UMC currently trading nearly -12.40% and -16.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 19.30, while the 7-day volatility ratio is showing 2.94% which for the 30-day chart, stands at 2.10%. Furthermore, United Micro Electronics ADR (UMC)’s beta value is 1.12, and its average true range (ATR) is 0.20.
A comparison of United Micro Electronics ADR (UMC) with its peers suggests the former has fared considerably weaker in the market. UMC showed an intraday change of -2.15% in last session, and over the past year, it shrunk by -3.93%%.
Data on historical trading for United Micro Electronics ADR (NYSE:UMC) indicates that the trading volumes over the past 10 days have averaged 12.91 and over the past 3 months, they’ve averaged 13.08 million. According to company’s latest data on outstanding shares, there are 2.51 billion shares outstanding.
Nearly 0.00% of United Micro Electronics ADR’s shares belong to company insiders and institutional investors own 5.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 53.65 million shares as on 2024-10-15, resulting in a short ratio of 4.94. According to the data, the short interest in United Micro Electronics ADR (UMC) stood at 230.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 46.38 million. The stock has fallen by -19.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UMC stock heading into the next quarter.
