UWM Holdings Corporation [UWMC] stock prices are up 5.58% to $6.24 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UWMC shares have gain 3.65% over the last week, with a monthly amount drifted -9.30%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Barclays upgraded its rating to Equal Weight on October 08, 2024, and elevated its price target to $8. On April 09, 2024, upgrade upgraded it’s rating to Mkt Perform but maintained its price target of $6 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating. Keefe Bruyette downgraded its rating to a Underperform but $6 remained the price target by the analyst firm on January 10, 2024. In a note dated November 15, 2023, Barclays initiated an Underweight rating and provided a target price of $4 on this stock.
The stock price of UWM Holdings Corporation [UWMC] has been fluctuating between $5.42 and $9.74 over the past year. Currently, Wall Street analysts expect the stock to reach $9.2 within the next 12 months. UWM Holdings Corporation [NYSE: UWMC] shares were valued at $6.24 at the most recent close of the market. An investor can expect a potential return of 47.44% based on the average UWMC price forecast.
Analyzing the UWMC fundamentals
The UWM Holdings Corporation [NYSE:UWMC] reported sales of 2.70B for trailing twelve months, representing a surge of 66.47%. Gross Profit Margin for this corporation currently stands at 1.11% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.14 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.51.
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 5.98 points at the first support level, and at 5.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.38, and for the 2nd resistance point, it is at 6.51.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.80, the price to book ratio is 5.92.
Transactions by insiders
Recent insider trading involved Mat Ishbia, President and CEO, that happened on Sep 16 ’24 when 1.2 million shares were sold. President and CEO, Mat Ishbia completed a deal on Sep 13 ’24 to sell 10.84 million shares. Meanwhile, President and CEO Mat Ishbia sold 5.0 million shares on Aug 30 ’24.
