United Micro Electronics ADR (NYSE:UMC) price on current trading day, rose 1.57% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.48.
A look at the stock’s price movement, the level at last check in today’s session was $6.38. The PE ratio in trailing twelve months stood at 10.03. Turning to its 52-week performance, $9.00 and $5.61 were the 52-week high and 52-week low respectively. Overall, UMC moved 12.89% over the past month.
United Micro Electronics ADR’s market cap currently stands at around $16.28 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 7.03%. 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 50% 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 3.65% and 3.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.53, while 7-day volatility ratio is 2.02% and 1.90% in the 30-day chart. Further, United Micro Electronics ADR (UMC) has a beta value of 1.12, and an average true range (ATR) of 0.15. 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 -14.2% off recent price level in today’s trading while to achieve the yearly target high, it has to move -14.2%. Nonetheless, investors will most likely welcome a -14.2% 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 12.18 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 6.50% of the company’s shares. Current price change has pushed the stock -0.16% 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.
