UWM Holdings Corporation (NYSE: UWMC) on Monday, soared 1.37% from the previous trading day, before settling in for the closing price of $5.83. Within the past 52 weeks, UWMC’s price has moved between $5.42 and $9.74.
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A company in the Financial sector has dropped its sales by -9.40% annually for the last half of the decade. The company achieved an average annual earnings per share of 602.97%. With a float of $68.97 million, this company’s outstanding shares have now reached $93.65 million.
In an organization with 6700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 110.98%, operating margin of 47.36%, and the pretax margin is -9.29%.
UWM Holdings Corporation (UWMC) Insider and Institutional Ownership
Observing investor behavior towards Mortgage Finance industry stocks is more important than anything else. The insider ownership of UWM Holdings Corporation is 27.87%, while institutional ownership is 71.36%. 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) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.23 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.05) by -0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 602.97% 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
UWM Holdings Corporation (UWMC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.23, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.46 in one year’s time.
Technical Analysis of UWM Holdings Corporation (UWMC)
Let’s dig in a bit further. During the last 5-days, its volume was 3.41 million. That was better than the volume of 1.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.43%. Additionally, its Average True Range was 0.25.
During the past 100 days, UWM Holdings Corporation’s (UWMC) raw stochastic average was set at 5.90%, which indicates a significant decrease from 22.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.41% in the past 14 days, which was higher than the 40.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.39, while its 200-day Moving Average is $7.36. However, in the short run, UWM Holdings Corporation’s stock first resistance to watch stands at $6.00. Second resistance stands at $6.09. The third major resistance level sits at $6.26. If the price goes on to break the first support level at $5.74, it is likely to go to the next support level at $5.58. The third support level lies at $5.49 if the price breaches the second support level.
UWM Holdings Corporation (NYSE: UWMC) Key Stats
Market capitalization of the company is 9.86 billion based on 1,598,246K outstanding shares. Right now, sales total 1,311 M and income totals -13,230 K. The company made 526,430 K in profit during its latest quarter, and -6,300 K in sales during its previous quarter.
