UWM Holdings Corporation (UWMC) Stocks Reach New Highs at $4.89 During Trading Session

After finishing at $4.90 in the prior trading day, UWM Holdings Corporation (NYSE: UWMC) closed at $4.89, down -0.20%. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 982703 shares were traded. UWMC stock price reached its highest trading level at $4.9000 during the session, while it also had its lowest trading level at $4.7800.

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Our goal is to gain a better understanding of UWMC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 59.40 whereas as Long-Term Debt/Eq ratio is at 58.58.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 21 when Czubak Kelly bought 2,439 shares for $4.09 per share. The transaction valued at 9,988 led to the insider holds 5,316 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UWMC now has a Market Capitalization of 458.06M. As of this moment, UWM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.53, and their Forward P/E ratio for the next fiscal year is 13.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.12 while its Price-to-Book (P/B) ratio in mrq is 3.68.

Stock Price History:

Over the past 52 weeks, UWMC has reached a high of $6.35, while it has fallen to a 52-week low of $2.84. The 50-Day Moving Average of the stock is 5.1828, while the 200-Day Moving Average is calculated to be 4.2217.

Shares Statistics:

The stock has traded on average 1.30M shares per day over the past 3-months and 1.14M shares per day over the last 10 days, according to various share statistics. A total of 1.60B shares are outstanding, with a floating share count of 88.98M. Insiders hold about 4.39% of the company’s shares, while institutions hold 32.50% stake in the company. Shares short for UWMC as of Apr 27, 2023 were 21.88M with a Short Ratio of 21.88M, compared to 20.75M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 23.50% and a Short% of Float of 23.63%.

Dividends & Splits

In the trailing 12 months, UWMC’s forward annual dividend rate was 0.40, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 8.16%, it implies a Forward Annual Dividend Yield of 8.08%.

Earnings Estimates

Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.04, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.07, with high estimates of $0.09 and low estimates of $0.05.

Analysts are recommending an EPS of between $0.3 and $0.09 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $0.37, with 9 analysts recommending between $0.6 and $0.23.

Revenue Estimates

5 analysts predict $457.54M in revenue for the current quarter. It ranges from a high estimate of $479.21M to a low estimate of $429M. As of the current estimate, UWM Holdings Corporation’s year-ago sales were $564.23M, an estimated decrease of -18.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $505.46M, a decrease of -26.10% less than the figure of -$18.90% in the same quarter last year. There is a high estimate of $557.42M for the next quarter, whereas the lowest estimate is $444M.

A total of 6 analysts have provided revenue estimates for UWMC’s current fiscal year. The highest revenue estimate was $1.89B, while the lowest revenue estimate was $1.49B, resulting in an average revenue estimate of $1.67B. In the same quarter a year ago, actual revenue was $2.37B, down -29.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.79B and the low estimate is $1.69B. The average revenue growth estimate for next year is up 39.90% from the average revenue estimate for this year.