Utz Brands Inc [UTZ] stock prices are up 6.23% to $17.22 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UTZ shares have gain 3.61% over the last week, with a monthly amount drifted -1.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Utz Brands Inc [NYSE: UTZ] stock has seen the most recent analyst activity on March 14, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $22 from $19. Previously, DA Davidson started tracking the stock with Neutral rating on March 01, 2024, and set its price target to $20. On January 03, 2024, Needham initiated with a Buy rating and assigned a price target of $20 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $19 on December 20, 2023. RBC Capital Mkts reiterated its recommendation of a Outperform and raised its price target to $19 on December 18, 2023. Jefferies started tracking with a Buy rating for this stock on October 25, 2023, and assigned it a price target of $15. In a note dated October 23, 2023, Stephens upgraded an Overweight rating on this stock and revised its target price from $18 to $16.
The stock price of Utz Brands Inc [UTZ] has been fluctuating between $11.65 and $20.00 over the past year. Currently, Wall Street analysts expect the stock to reach $21.57 within the next 12 months. Utz Brands Inc [NYSE: UTZ] shares were valued at $17.22 at the most recent close of the market. An investor can expect a potential return of 25.26% based on the average UTZ price forecast.
Analyzing the UTZ fundamentals
The Utz Brands Inc [NYSE:UTZ] reported sales of 1.43B for trailing twelve months, representing a drop of -1.84%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.
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 16.54 points at the first support level, and at 15.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.91, and for the 2nd resistance point, it is at 18.60.
Ratios To Look Out For
It’s worth pointing out that Utz Brands Inc [NYSE:UTZ]’s Current Ratio is 1.69. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 2.05 and price to earnings (TTM) ratio is 489.20.
Transactions by insiders
Recent insider trading involved Stewart Pamela J, Director, that happened on Aug 06 ’24 when 895.0 shares were purchased. Director, Lindeman Bruce John completed a deal on Aug 05 ’24 to buy 4000.0 shares. Meanwhile, Director Choi Christina sold 3160.0 shares on May 23 ’24.
