The closing price of UWM Holdings Corporation (NYSE: UWMC) was $6.71 for the day, down -2.89% from the previous closing price of $6.91. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 1800729 shares were traded. UWMC stock price reached its highest trading level at $6.91 during the session, while it also had its lowest trading level at $6.70.
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Ratios:
Our analysis of UWMC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.57. In the meantime, Its Debt-to-Equity ratio is 77.55 whereas as Long-Term Debt/Eq ratio is at 62.78.
On January 10, 2024, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform but kept the price unchanged to $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 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 634.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 5.58.
Stock Price History:
Over the past 52 weeks, UWMC has reached a high of $7.43, while it has fallen to a 52-week low of $4.43. The 50-Day Moving Average of the stock is 6.66, while the 200-Day Moving Average is calculated to be 5.92.
Shares Statistics:
UWMC traded an average of 1.37M shares per day over the past three months and 1.29M shares per day over the past ten days. A total of 93.65M shares are outstanding, with a floating share count of 85.61M. Insiders hold about 9.42% of the company’s shares, while institutions hold 48.81% stake in the company. Shares short for UWMC as of Feb 29, 2024 were 17.11M with a Short Ratio of 12.46, compared to 18.18M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.11% and a Short% of Float of 18.21%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.40, UWMC has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 5.79%, it implies a Forward Annual Dividend Yield of 5.96%.
Earnings Estimates
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.03, while EPS last year was -$0.07. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.45 and $0.22 for the fiscal current year, implying an average EPS of $0.3. EPS for the following year is $0.42, with 10 analysts recommending between $0.6 and $0.33.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $491.4M to a low estimate of $397.3M. As of the current estimate, UWM Holdings Corporation’s year-ago sales were $161.27M, an estimated increase of 166.60% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $533.16M, a decrease of -9.30% less than the figure of $166.60% in the same quarter last year. There is a high estimate of $563.5M for the next quarter, whereas the lowest estimate is $509.7M.
A total of 6 analysts have provided revenue estimates for UWMC’s current fiscal year. The highest revenue estimate was $2.29B, while the lowest revenue estimate was $1.97B, resulting in an average revenue estimate of $2.12B. In the same quarter a year ago, actual revenue was $1.31B, up 61.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.59B in the next fiscal year. The high estimate is $2.73B and the low estimate is $2.42B. The average revenue growth estimate for next year is up 22.10% from the average revenue estimate for this year.
