A share price of UWM Holdings Corporation [UWMC] is currently trading at $7.15, up 5.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UWMC shares have gain 3.47% over the last week, with a monthly amount glided 5.61%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, UWM Holdings Corporation Announces Fourth Quarter & Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth Quarter Loan Origination Volume of $24.4 Billion, Including Purchase Volume of $20.7 Billion.
From an analyst’s perspective:
Previously, Keefe Bruyette downgraded its rating to Underperform on January 10, 2024, and kept the price target unchanged to $6. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $4 on November 15, 2023. BTIG Research upgraded its rating to a Buy but $6 remained the price target by the analyst firm on October 05, 2023. JMP Securities downgraded its rating to Mkt Perform for this stock on August 08, 2023. In a note dated May 26, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $5.50 to $7.
UWM Holdings Corporation experienced fluctuations in its stock price throughout the past year between $4.43 and $7.43. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. UWM Holdings Corporation [NYSE: UWMC] shares were valued at $7.15 at the most recent close of the market. An investor can expect a potential return of 11.89% based on the average UWMC price forecast.
Analyzing the UWMC fundamentals
Trailing Twelve Months sales for UWM Holdings Corporation [NYSE:UWMC] were 2.17B which represents 14.69% growth. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.55%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 2.2 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 76.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.87 points at the first support level, and at 6.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.30, and for the 2nd resistance point, it is at 7.44.
UWM Holdings Corporation [UWMC] reported earnings per share of -$0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of -$0.27 and a surprise factor of -675.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.06 per share, a difference of $0.09 representing a surprise of 150.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 5.95.
Transactions by insiders
Recent insider trading involved Verdun Robert, Director, that happened on Sep 13 ’23 when 40000.0 shares were purchased.
