$2.15M in average volume shows that UWM Holdings Corporation (UWMC) is heading in the right direction

On Monday, UWM Holdings Corporation (NYSE: UWMC) opened lower -2.65% from the last session, before settling in for the closing price of $7.56. Price fluctuations for UWMC have ranged from $4.77 to $9.74 over the past 52 weeks.

Over the past five-year period, the drop rate of yearbook sales for the company of the Financial sector was -9.40%. Company’s average yearly earnings per share was noted 745.38% at the time writing. With a float of $67.69 million, this company’s outstanding shares have now reached $93.65 million.

Considering the fact that the conglomerate employs 6700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 96.29%, operating margin of 49.13%, and the pretax margin is 4.23%.

UWM Holdings Corporation (UWMC) Insider Activity

A key investor’s attitude towards the stock of the Mortgage Finance industry is another important factor to consider. The insider ownership of UWM Holdings Corporation is 29.20%, while institutional ownership is 58.56%. The most recent insider transaction that took place on Sep 16 ’24, was worth 10,140,000. In this transaction President and CEO of this company sold 1,200,000 shares at a rate of $8.45, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 13 ’24, when Company’s President and CEO sold 10,842,012 for $8.45, making the entire transaction worth $91,615,001. This insider now owns 0 shares in total.

UWM Holdings Corporation (UWMC) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 745.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.56% during the next five years compared to -277.33% drop over the previous five years of trading.

UWM Holdings Corporation (NYSE: UWMC) Trading Performance Indicators

Check out the current performance indicators for UWM Holdings Corporation (UWMC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.16, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.45 in one year’s time.

Technical Analysis of UWM Holdings Corporation (UWMC)

Compared to the last year’s volume of 1.8 million, its volume of 6.08 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.19%. Additionally, its Average True Range was 0.29.

During the past 100 days, UWM Holdings Corporation’s (UWMC) raw stochastic average was set at 25.63%, which indicates a significant increase from 3.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.66% in the past 14 days, which was lower than the 38.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.73, while its 200-day Moving Average is $7.37. Nevertheless, the first resistance level for the watch stands at $7.49 in the near term. At $7.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.72. If the price goes on to break the first support level at $7.26, it is likely to go to the next support level at $7.16. Should the price break the second support level, the third support level stands at $7.03.

UWM Holdings Corporation (NYSE: UWMC) Key Stats

There are currently 95,578K shares outstanding in the company with a market cap of 703.69 million. Presently, the company’s annual sales total 1,311 M according to its annual income of -13,230 K. Last quarter, the company’s sales amounted to 507,090 K and its income totaled 3,050 K.