United Micro Electronics ADR (NYSE:UMC) shares, rose in value on Thursday, March 06, with the stock price down by -2.06% to the previous day’s close as strong demand from buyers drove the stock to $6.66.
Actively observing the price movement in the last trading, the stock closed the session at $6.80. The PE ratio was 11.43 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 10.63% over the past month.
With the market capitalization of United Micro Electronics ADR currently standing at about $16.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 6.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 247.5B, 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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 4.33% and 5.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.30, while the 7-day volatility ratio is showing 3.18% which for the 30-day chart, stands at 2.03%. Furthermore, United Micro Electronics ADR (UMC)’s beta value is 1.12, and its average true range (ATR) is 0.18.
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 -2.06% in last session, and over the past year, it shrunk by -13.95%%.
Data on historical trading for United Micro Electronics ADR (NYSE:UMC) indicates that the trading volumes over the past 3 months, they’ve averaged 12.73 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 6.45% of the company’s shares. The stock has risen by 2.62% 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.
