Let’s look at the key reasons that are pushing Utz Brands Inc (UTZ) to new highs

On Tuesday, Utz Brands Inc (NYSE: UTZ) was -0.12% drop from the session before settling in for the closing price of $17.02. A 52-week range for UTZ has been $11.16 – $20.02.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 8.77%. When this article was written, the company’s average yearly earnings per share was at 28.87%. With a float of $67.00 million, this company’s outstanding shares have now reached $81.19 million.

Considering the fact that the conglomerate employs 3654 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 31.6%, operating margin of 5.69%, and the pretax margin is 0.47%.

Utz Brands Inc (UTZ) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Utz Brands Inc stocks. The insider ownership of Utz Brands Inc is 18.82%, while institutional ownership is 91.06%. The most recent insider transaction that took place on Aug 06 ’24, was worth 15,045. In this transaction Director of this company bought 895 shares at a rate of $16.81, taking the stock ownership to the 27,971 shares. Before that another transaction happened on Aug 05 ’24, when Company’s Director bought 4,000 for $16.11, making the entire transaction worth $64,440. This insider now owns 42,480 shares in total.

Utz Brands Inc (UTZ) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.17 earnings per share (EPS) during the time that was better than consensus figure (set at 0.15) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 28.87% per share during the next fiscal year.

Utz Brands Inc (NYSE: UTZ) Trading Performance Indicators

You can see what Utz Brands Inc (UTZ) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98. Likewise, its price to free cash flow for the trailing twelve months is 80.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.04, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.84 in one year’s time.

Technical Analysis of Utz Brands Inc (UTZ)

Compared to the last year’s volume of 0.8 million, its volume of 0.63 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 48.04%. Additionally, its Average True Range was 0.51.

During the past 100 days, Utz Brands Inc’s (UTZ) raw stochastic average was set at 48.21%, which indicates a significant decrease from 56.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.04% in the past 14 days, which was lower than the 31.58% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.26, while its 200-day Moving Average is $16.84. Nevertheless, the first resistance level for the watch stands at $17.13 in the near term. At $17.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.34. If the price goes on to break the first support level at $16.92, it is likely to go to the next support level at $16.85. Now, if the price goes above the second support level, the third support stands at $16.71.

Utz Brands Inc (NYSE: UTZ) Key Stats

There are 140,823K outstanding shares of the company, which has a market capitalization of 1.40 billion. As of now, sales total 1,438 M while income totals -24,940 K. Its latest quarter income was 356,190 K while its last quarter net income were 19,850 K.