UWM Holdings Corporation (UWMC)’s Market Momentum: Closing Strong at 8.06, Down -1.59

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As of close of business last night, UWM Holdings Corporation’s stock clocked out at $8.06, down -1.59% from its previous closing price of $8.19. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 1.29 million shares were traded. UWMC stock price reached its highest trading level at $8.23 during the session, while it also had its lowest trading level at $8.01.

Ratios:

To gain a deeper understanding of UWMC’s stock, we examine its different ratios. 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 13084766208 and an Enterprise Value of 12163528704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 6.70. Its current Enterprise Value per Revenue stands at 5.4 whereas that against EBITDA is 18.628.

Stock Price History:

Over the past 52 weeks, UWMC has reached a high of $8.24, while it has fallen to a 52-week low of $4.49. The 50-Day Moving Average of the stock is 11.96%, while the 200-Day Moving Average is calculated to be 25.08%.

Shares Statistics:

It appears that UWMC traded 1.42M shares on average per day over the past three months and 1556757 shares per day over the past ten days. A total of 93.65M shares are outstanding, with a floating share count of 86.30M. Insiders hold about 9.70% of the company’s shares, while institutions hold 47.48% stake in the company. Shares short for UWMC as of 1719532800 were 15699170 with a Short Ratio of 11.04, compared to 1717113600 on 16187804. Therefore, it implies a Short% of Shares Outstanding of 15699170 and a Short% of Float of 16.57.

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 0.048840053

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