United Micro Electronics ADR [UMC] stock prices are up 0.63% to $8.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The UMC shares have gain 5.96% over the last week, with a monthly amount drifted -3.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
United Micro Electronics ADR [NYSE: UMC] stock has seen the most recent analyst activity on April 24, 2024, when Citigroup upgraded its rating to a Buy. Previously, HSBC Securities upgraded its rating to Hold on January 25, 2024. On January 16, 2024, downgrade downgraded it’s rating to Neutral. HSBC Securities downgraded its rating to a Reduce and decreased its price target to $6.46 on April 27, 2023. Daiwa Securities upgraded its rating to a Buy. Citigroup upgraded its rating to Buy for this stock on February 28, 2023. In a note dated January 24, 2023, Loop Capital initiated an Hold rating.
The stock price of United Micro Electronics ADR [UMC] has been fluctuating between $6.71 and $8.97 over the past year. 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 $8.00 at the most recent close of the market. An investor can expect a potential return of 24.12% based on the average UMC price forecast.
Analyzing the UMC fundamentals
The United Micro Electronics ADR [NYSE:UMC] reported sales of 7.10B for trailing twelve months, representing a drop of -2.53%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 7.93 points at the first support level, and at 7.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.04, and for the 2nd resistance point, it is at 8.08.
United Micro Electronics ADR [UMC] reported earnings per share of $0.13 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of -$0.01 and a surprise factor of -7.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.17 per share as compared to estimates of $0.15 per share, a difference of $0.02 representing a surprise of 13.30%.
Ratios To Look Out For
It’s worth pointing out that United Micro Electronics ADR [NYSE:UMC]’s Current Ratio is 2.31. On the other hand, the Quick Ratio is 1.92, and the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 11.41.
