A share price of United Micro Electronics ADR [UMC] is currently trading at $8.18, down -1.09%. An important factor to consider is whether the stock is rising or falling in short-term value.
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On 8, April 2024, UMC Reports Sales for March 2024. In a post published today on Yahoo Finance, United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of March 2024.
From an analyst’s perspective:
United Micro Electronics ADR [NYSE: UMC] stock has seen the most recent analyst activity on January 25, 2024, when HSBC Securities upgraded its rating to a Hold. Previously, Goldman downgraded its rating to Neutral on January 16, 2024. On April 27, 2023, downgrade downgraded it’s rating to Reduce and revised its price target to $6.46 on the stock. Daiwa Securities upgraded its rating to a Buy. Citigroup upgraded its rating to a Buy.
United Micro Electronics ADR experienced fluctuations in its stock price throughout the past year between $6.71 and $8.97. Currently, Wall Street analysts expect the stock to reach $9.93 within the next 12 months. United Micro Electronics ADR [NYSE: UMC] shares were valued at $8.18 at the most recent close of the market. An investor can expect a potential return of 21.39% based on the average UMC price forecast.
Analyzing the UMC fundamentals
Trailing Twelve Months sales for United Micro Electronics ADR [NYSE:UMC] were 7.14B which represents -20.24% decline. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 8.12 points at the first support level, and at 8.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.28, and for the 2nd resistance point, it is at 8.38.
United Micro Electronics ADR [UMC] reported earnings per share of $0.17 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 $0.15/share, meaning a difference of $0.02 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.2 per share as compared to estimates of $0.17 per share, a difference of $0.03 representing a surprise of 17.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for United Micro Electronics ADR [NYSE:UMC] is 2.18. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 2.87, the price to book ratio is 1.75 and price to earnings (TTM) ratio is 10.48.
