UWM Holdings Corporation (NYSE:UWMC) shares, rose in value on Friday, January 03, with the stock price up by 2.75% to the previous day’s close as strong demand from buyers drove the stock to $5.80.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.64, falling within a range of $5.54 and $5.81. The value of beta (5-year monthly) is 1.717. Referring to stock’s 52-week performance, its high was $9.74, and the low was $5.44. On the whole, UWMC has fluctuated by -11.39% over the past month.
With the market capitalization of UWM Holdings Corporation currently standing at about $9.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 6.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.17B, with a low estimate of 559M and a high estimate of 776M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 622.62M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UWMC’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 100% 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 N/A, with the price of UWMC currently trading nearly -2.69% and -6.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.35, while the 7-day volatility ratio is showing 4.27% which for the 30-day chart, stands at 4.32%. Furthermore, UWM Holdings Corporation (UWMC)’s beta value is 1.71, and its average true range (ATR) is 0.26.
A comparison of UWM Holdings Corporation (UWMC) with its peers suggests the former has fared considerably weaker in the market. UWMC showed an intraday change of 2.75% in today’s session so far, and over the past year, it shrunk by -12.86%%.
Data on historical trading for UWM Holdings Corporation (NYSE:UWMC) indicates that the trading volumes over the past 10 days have averaged 3.26 and over the past 3 months, they’ve averaged 3.24 million. According to company’s latest data on outstanding shares, there are 157.91 million shares outstanding.
Nearly 27.32% of UWM Holdings Corporation’s shares belong to company insiders and institutional investors own 43.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.71 million shares as on 2024-12-13, resulting in a short ratio of 4.93. According to the data, the short interest in UWM Holdings Corporation (UWMC) stood at 936.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 12.12 million. The stock has fallen by -1.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UWMC stock heading into the next quarter.
