United Micro Electronics ADR (NYSE:UMC) shares, rose in value, with the stock price up by 3.93% to the previous day’s close as strong demand from buyers drove the stock to $6.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.03, falling within a range of $6.2228 and $6.3. The value of beta (5-year monthly) is 1.173 whereas the PE ratio is 9.70 over 12-month period. Referring to stock’s 52-week performance, its high was $9.00, and the low was $5.61. On the whole, UMC has fluctuated by -0.53% over the past month.
With the market capitalization of United Micro Electronics ADR currently standing at about $15.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 7.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 246.92B, with a low estimate of 55.46B and a high estimate of 60.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 57.71B.
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 50% 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 100% Sell.
The stock’s technical analysis shows that the price of UMC currently trading nearly 5.14% and -0.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.63, while the 7-day volatility ratio is showing 1.64% which for the 30-day chart, stands at 2.84%. Furthermore, United Micro Electronics ADR (UMC)’s beta value is 1.15, and its average true range (ATR) is 0.17.
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 3.93% in today’s session so far, and over the past year, it shrunk by -22.25%%.
Data on historical trading for United Micro Electronics ADR (NYSE:UMC) indicates that the trading volumes over the past 10 days have averaged 12.73 and over the past 3 months, they’ve averaged 11.65 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 6.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 80.55 million shares as on 2024-12-31, resulting in a short ratio of 7.09. According to the data, the short interest in United Micro Electronics ADR (UMC) stood at 344.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 79.06 million. The stock has fallen by -3.44% 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.
