Gaining Ground: UWM Holdings Corporation (UWMC) Closes Lower at 6.62, Down -2.36

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The price of UWM Holdings Corporation (NYSE: UWMC) closed at $6.62 in the last session, down -2.36% from day before closing price of $6.78. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 1.06 million shares were traded. UWMC stock price reached its highest trading level at $6.87 during the session, while it also had its lowest trading level at $6.62.

Ratios:

We take a closer look at UWMC’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 84.71 whereas as Long-Term Debt/Eq ratio is at 47.48.

Keefe Bruyette Downgraded its Mkt Perform to Underperform on January 10, 2024, while the target price for the stock was maintained at $6.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 13 ’23 when Verdun Robert bought 40,000 shares for $5.20 per share. The transaction valued at 208,000 led to the insider holds 204,725 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 10576443392 and an Enterprise Value of 12025895936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 5.50. Its current Enterprise Value per Revenue stands at 5.339 whereas that against EBITDA is 18.418.

Stock Price History:

The Beta on a monthly basis for UWMC is 1.68, which has changed by 0.16549301 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, UWMC has reached a high of $7.78, while it has fallen to a 52-week low of $4.49. The 50-Day Moving Average of the stock is -6.31%, while the 200-Day Moving Average is calculated to be 4.11%.

Shares Statistics:

According to the various share statistics, UWMC traded on average about 1.48M shares per day over the past 3-months and 1132050 shares per day over the past 10 days. A total of 93.65M shares are outstanding, with a floating share count of 86.24M. Insiders hold about 9.77% of the company’s shares, while institutions hold 47.18% stake in the company. Shares short for UWMC as of 1718323200 were 16249734 with a Short Ratio of 10.96, compared to 1715731200 on 18509412. Therefore, it implies a Short% of Shares Outstanding of 16249734 and a Short% of Float of 17.150000000000002.

Dividends & Splits

The forward annual dividend rate for UWMC is 0.40, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.05899705

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