With 6.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.03 million shares. The 52-week range on UMC shows that it touched its highest point at $9.00 and its lowest point at $5.61 during that stretch. It currently has a 1-year price target of $5.75. With its current market cap of 19.69 billion, UMC has annualized dividend of $0.46 while the current yield stands at 5.81%. Beta for the stock currently stands at 1.08.
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 UMC was up-trending over the past week, with a rise of 6.23%, but this was up by 13.46% over a month. Three-month performance surged to 24.44% while six-month performance rose 12.16%. The stock lost -3.09% in the past year, while it has gained 20.80% so far this year. A look at the trailing 12-month EPS for UMC yields 0.54 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.14. This implies an EPS growth rate of -9.07% for this year and 16.55% for next year. EPS is expected to grow by 5.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.72%.
Float and Shares Shorts:
At present, 2.51 billion UMC shares are outstanding with a float of 2.51 billion 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 UMC since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 $20.74367 being high and $19.77131 being low. For UMC, this leads to a yearly average estimate of $20.41955.
