Is Utz Brands Inc (UTZ) Stock a Good Buy for Short-term Investors?

At the time of writing, Utz Brands Inc [UTZ] stock is trading at $17.23, down -0.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UTZ shares have gain 4.74% over the last week, with a monthly amount glided 1.95%, and 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.

For the past year, the stock price of Utz Brands Inc fluctuated between $11.65 and $20.00. Currently, Wall Street analysts expect the stock to reach $21.86 within the next 12 months. Utz Brands Inc [NYSE: UTZ] shares were valued at $17.23 at the most recent close of the market. An investor can expect a potential return of 26.87% based on the average UTZ price forecast.

Analyzing the UTZ fundamentals

According to Utz Brands Inc [NYSE:UTZ], the company’s sales were 1.42B for trailing twelve months, which represents an -1.70% plunge. 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 17.03 points at the first support level, and at 16.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.40, and for the 2nd resistance point, it is at 17.56.

Ratios To Look Out For

It is important to note that Utz Brands Inc [NYSE:UTZ] has a current ratio of 1.21. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 2.07.

Transactions by insiders

Recent insider trading involved Devore Cary, EVP, Chief Op & Transform Ofc, that happened on Nov 04 ’24 when 30000.0 shares were sold. Officer, CARY D DEVORE completed a deal on Nov 04 ’24 to buy 30000.0 shares. Meanwhile, Director Stewart Pamela J bought 895.0 shares on Aug 06 ’24.

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