Why United Microelectronics Corporation [UMC] Stock Can Run Back to New Highs Quicker Than You Think

Over the past three months, United Microelectronics Corporation [UMC] ended the trading day at $7.27 and exhibited a change of -2.02% with a 24 hour trading and reached upto the volume of 3.56M compared to its recorded trading volume of 2.92 million. UMC generated a 1 year amount change with 202.86%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 6.76% with an amount shift of 40.00% over the last month.

On 16, November 2020, UMC Selected as a DJSI Global Component for 13th Consecutive Year. According to news published on Yahoo Finance, UMC’s 2020 environmental performance scored highest among all worldwide semiconductor foundries .

Analyst Birdseye View:

The most recent analyst activity for United Microelectronics Corporation [NYSE:UMC] stock was on September 14, 2020, when it was Upgrade with a Buy rating from HSBC Securities. On September 09, 2020, JP Morgan Upgrade a Neutral rating. On August 03, 2020, Goldman Upgrade a Buy rating and increased its price target to $5.30. On June 10, 2020, Macquarie Downgrade a Neutral rating. On March 12, 2020, JP Morgan Downgrade an Underweight rating. On February 06, 2020, Jefferies Upgrade a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.10 and a peak of $7.50. Right now, the middling Wall Street analyst 12-month amount mark is $6.94. At the most recent market close, shares of United Microelectronics Corporation [NYSE:UMC] were valued at $7.27. According to the average price forecast, investors can expect a potential return of -14.27%.

FUNDAMENTAL ANALYSIS

United Microelectronics Corporation [NYSE:UMC] most recently reported quarterly sales of 44.87 billion, which represented growth of 23.20%. This publicly-traded organization’s revenue is $7,570,192 per employee, while its income is $495,868 per employee. This company’s Gross Margin is currently 19.10%, its Operating Margin is 8.40%, its Pretax Margin is +3.10, and its Net Margin is +6.55. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.64, 4.70, -0.17 and 3.64 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 30.49 and the whole liability to whole assets at 24.51. It shows enduring liability to the whole principal at 17.93 and enduring liability to assets at 0.14 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.30 points at 1st support level, the second support level is making up to 7.18. But as of 1st resistance point, this stock is sitting at 7.52 and at 7.62 for 2nd resistance point.

United Microelectronics Corporation [UMC] reported its earnings at $0.05 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.07/share signifying the difference of -0.02 and -28.60% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.09 calling estimates for $0.05/share with the difference of 0.04 depicting the surprise of 80.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for United Microelectronics Corporation [NYSE:UMC] is 2.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.32. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.46, it’s amount to book ratio is 0.93 and showing 33.88 of P/E (TTM) ratio.