With 2.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.13 million shares. The 52-week range on UWMC shows that it touched its highest point at $9.74 and its lowest point at $5.31 during that stretch. It currently has a 1-year price target of $6.47. With its current market cap of 10.60 billion, UWMC has annualized dividend of $0.40 while the current yield stands at 6.03%. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UWMC was up-trending over the past week, with a rise of 7.98%, but this was up by 6.59% over a month. Three-month performance surged to 13.72% while six-month performance fell -27.38%. The stock lost -3.35% in the past year, while it has gained 12.95% so far this year. A look at the trailing 12-month EPS for UWMC yields -0.23 with Next year EPS estimates of 0.42. For the next quarter, that number is 0.08. This implies an EPS growth rate of 569.77% for this year and 122.99% for next year.
Float and Shares Shorts:
At present, 157.91 million UWMC shares are outstanding with a float of 120.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UWMC since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.2067 being high and $0.15033 being low. For UWMC, this leads to a yearly average estimate of $0.18791. Based on analyst estimates, the high estimate for the next quarter is $0.1 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.08.
