How did Ultra Clean Hldgs Inc (UCTT) surprise investors with its report?

Ultra Clean Hldgs Inc [UCTT] stock is trading at $36.43, down -1.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UCTT shares have lost -3.16% over the last week, with a monthly amount glided 3.46%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Ultra Clean Hldgs Inc [NASDAQ: UCTT] stock has seen the most recent analyst activity on October 29, 2024, when Needham reiterated its Buy rating and also revised its price target to $44 from $50. Previously, Oppenheimer started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $70. On July 26, 2024, TD Cowen reiterated its Buy rating and revised its price target to $60 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $55 on May 07, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $47 on February 22, 2024. Needham reiterated a Buy rating for this stock on August 25, 2023, and downed its price target to $45. In a note dated July 28, 2023, Craig Hallum upgraded an Buy rating on this stock but restated the target price of $60.

Ultra Clean Hldgs Inc [UCTT] stock has fluctuated between $30.81 and $56.47 over the past year. Currently, Wall Street analysts expect the stock to reach $57 within the next 12 months. Ultra Clean Hldgs Inc [NASDAQ: UCTT] shares were valued at $36.43 at the most recent close of the market. An investor can expect a potential return of 56.46% based on the average UCTT price forecast.

Analyzing the UCTT fundamentals

Ultra Clean Hldgs Inc [NASDAQ:UCTT] reported sales of 1.98B for the trailing twelve months, which represents a growth of 24.23%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.

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 35.13 points at the first support level, and at 33.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.60, and for the 2nd resistance point, it is at 40.76.

Ratios To Look Out For

For context, Ultra Clean Hldgs Inc’s Current Ratio is 2.75. Also, the Quick Ratio is 1.63, while the Cash Ratio stands at 0.89. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 493.63.

Transactions by insiders

Recent insider trading involved Bajwa Harjinder, Chief Operating Officer, that happened on Nov 15 ’24 when 10000.0 shares were purchased. Chief Operating Officer, Bajwa Harjinder completed a deal on Nov 13 ’24 to buy 15000.0 shares. Meanwhile, Chief Information Officer McKibben Jeffrey L. sold 3422.0 shares on Nov 07 ’24.

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