United Micro Electronics ADR (NYSE:UMC) price on Thursday, February 06, fall -0.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.04.
A look at the stock’s price movement, the close in the last trading session was $6.05, moving within a range at $5.9636 and $6.04. The beta value (5-Year monthly) was 1.173 while the PE ratio in trailing twelve months stood at 9.35. Turning to its 52-week performance, $9.00 and $5.61 were the 52-week high and 52-week low respectively. Overall, UMC moved -8.90% over the past month.
United Micro Electronics ADR’s market cap currently stands at around $15.17 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.46, with its dividend yield at 7.55%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 57.71B for the company’s revenue for the quarter, with a low and high estimate of 55.46B and 60.04B respectively. The average forecast suggests up to a 5.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 246.92B, representing a 6.29% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UMC is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend UMC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UMC’s current price about 0.57% and -5.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.59, while 7-day volatility ratio is 2.35% and 2.93% in the 30-day chart. Further, United Micro Electronics ADR (UMC) has a beta value of 1.15, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $7.4, forecast between a low of $7.4 and high of $7.4. Looking at the price targets, the low is -22.52% off current price level while to achieve the yearly target high, price needs to move -22.52%. Nonetheless, investors will most likely welcome a -22.52% jump to $7.4 which is the analysts’ median price.
If we refocus on United Micro Electronics ADR (NYSE:UMC), historical trading data shows that trading volumes averaged 13.58 over the past 10 days and 11.82 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.51 billion shares.
The 0.00% of United Micro Electronics ADR’s shares are in the hands of company insiders while institutional holders own 6.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 80.55 million on 2024-12-31, giving us a short ratio of 7.09. The data shows that as of 2024-12-31 short interest in United Micro Electronics ADR (UMC) stood at 344.0 of shares outstanding, with shares short rising to 79.06 million registered in 2024-11-29. Current price change has pushed the stock -6.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UMC stock continues to rise going into the next quarter.