Unisys Corp (NYSE:UIS) price on Friday, February 28, rose 1.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.31.
A look at the stock’s price movement, the close in the last trading session was $4.23. Turning to its 52-week performance, $8.93 and $3.32 were the 52-week high and 52-week low respectively. Overall, UIS moved -32.97% over the past month.
Unisys Corp’s market cap currently stands at around $300.00 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 445.2M for the company’s revenue for the quarter, with a low and high estimate of 441.2M and 453M respectively. The average forecast suggests down to a -8.73% 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 1.98B, representing a -1.48% decline 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 UIS is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
UIS’s current price about -28.10% and -32.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.77, while 7-day volatility ratio is 5.44% and 6.77% in the 30-day chart. Further, Unisys Corp (UIS) has a beta value of 1.29, and an average true range (ATR) of 0.39. Analysts have given the company’s stock an average 52-week price target of $27, forecast between a low of $27 and high of $27. Looking at the price targets, the low is -526.45% off current price level while to achieve the yearly target high, price needs to move -526.45%. Nonetheless, investors will most likely welcome a -526.45% jump to $27 which is the analysts’ median price.
If we refocus on Unisys Corp (NYSE:UIS), historical trading data shows that trading volumes averaged 547.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 69.60 million shares.
The 5.79% of Unisys Corp’s shares are in the hands of company insiders while institutional holders own 84.56% of the company’s shares. Current price change has pushed the stock -31.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UIS stock continues to rise going into the next quarter.
