For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of UWM Holdings Corporation (NYSE: UWMC) was $6.15 for the day, down -2.07% from the previous closing price of $6.28. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 2.03 million shares were traded. UWMC stock price reached its highest trading level at $6.33 during the session, while it also had its lowest trading level at $6.085.
Ratios:
Our analysis of UWMC’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 101.47 whereas as Long-Term Debt/Eq ratio is at 51.17.
On October 08, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $6 to $8.
Keefe Bruyette Upgraded its Underperform to Mkt Perform on April 09, 2024, while the target price for the stock was maintained at $6.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when Mat Ishbia sold 1,200,000 shares for $8.45 per share. The transaction valued at 10,140,000 led to the insider holds 0 shares of the business.
Mat Ishbia sold 10,842,012 shares of UWMC for $91,615,001 on Sep 13 ’24. The President and CEO now owns 0 shares after completing the transaction at $8.45 per share. On Aug 30 ’24, another insider, Mat Ishbia, who serves as the President and CEO of the company, sold 5,000,000 shares for $9.11 each. As a result, the insider received 45,550,000 and left with 0 shares of the company.
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 9868597248 and an Enterprise Value of 14573491200. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.64 while its Price-to-Book (P/B) ratio in mrq is 5.83. Its current Enterprise Value per Revenue stands at 5.343 whereas that against EBITDA is 48.548.
Stock Price History:
The Beta on a monthly basis for UWMC is 1.71, which has changed by -0.11048156 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, UWMC has reached a high of $9.74, while it has fallen to a 52-week low of $5.31. The 50-Day Moving Average of the stock is 1.84%, while the 200-Day Moving Average is calculated to be -14.50%.
Shares Statistics:
UWMC traded an average of 3.45M shares per day over the past three months and 3249300 shares per day over the past ten days. A total of 157.91M shares are outstanding, with a floating share count of 120.53M. Insiders hold about 23.67% of the company’s shares, while institutions hold 43.32% stake in the company. Shares short for UWMC as of 1736899200 were 16281559 with a Short Ratio of 4.72, compared to 1734048000 on 14710066. Therefore, it implies a Short% of Shares Outstanding of 16281559 and a Short% of Float of 10.3599995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, UWMC has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.06369427
