The trading price of United Micro Electronics ADR (NYSE:UMC) closed lower on Tuesday, June 17, and closing at $8.17, -1.80% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 15.00. In examining the 52-week price action we see that the stock hit a 52-week high of $9.00 and a 52-week low of $5.61. Over the past month, the stock has gained 3.94% in value.
United Micro Electronics ADR, whose market valuation is $20.52 billion at the time of this writing, is expected to release its quarterly earnings report in July. The dividend yield on the company stock is 5.58%, while its Forward Dividend ratio is 0.46. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.13 per share this quarter, however they have predicted annual earnings per share of 0.5 for current year and 0.57 for next year.
Analysts have forecast the company to bring in revenue of 61.88B for the current quarter, with the likely lows of 57.55B and highs of 71.61B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 248B.
On the technical side, indicators suggest UMC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned UMC a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged United Micro Electronics ADR (UMC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.74, which symbolizes a positive outlook. A quick review shows that UMC’s price is currently 3.89% off the SMA20 and 10.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.28, and weekly volatility stands at 2.05%. When measured over the past 30 days, the indicator reaches 1.75%. United Micro Electronics ADR (NYSE:UMC)’s beta value is currently sitting at 1.07, while the Average True Range indicator is currently displaying 0.18. With analysts defining $7.4-$9.93 as the low and high price targets, we arrive at a consensus price target of $8.66 for the trailing 12-month period. The current price is about 9.42% off the estimated low and -21.54% off the forecast high, based on this estimate. Investors will be thrilled if UMC’s share price rises to $8.665, which is the median consensus price. At that level, UMC’s share price would be -6.06% below current price.
To see how United Micro Electronics ADR stock has been performing in comparison to its peers in the industry, here are the numbers: UMC stock’s performance was -1.80% in the latest trading, and -8.10% in the past year. United Micro Electronics ADR has a P/E ratio of 15.00.
An evaluation of the daily trading volume of United Micro Electronics ADR (NYSE:UMC) indicates that the 3-month average is 12.44 million.
Currently, records show that 2.51 billion of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 6.25%. However, since the stock’s price has seen 25.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
