In recent trading session, United Microelectronics Corporation (NYSE:UMC) saw 2,367,074 shares changing hands with its beta currently measuring 0.78. Company’s recent per share price level of $5.75 trading at $0.38 or 7.1% at recent trade assigns it a market valuation of $14.2 Billion. That current trading price of UMC’s stock is at a discount of -2.78% from its 52-week high price of $5.91 and is indicating a premium of 63.48% from its 52-week low price of $2.1. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.69 Million shares which gives us an average trading volume of 2.68 Million if we extend that period to 3-months.
For United Microelectronics Corporation (UMC), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2. Splitting up the data highlights that, out of 21 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 13 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.07 in the current quarter.
United Microelectronics Corporation (NYSE:UMC) trade information
Upright in the green today for gaining 7.1%, in the last five days UMC remained trading in the green while hitting it’s week-highest on Thursday, Oct 22 when the stock touched $5.80-0 price level, adding 0.43% to its value on the day. United Microelectronics Corporation’s shares saw a change of 115.49% in year-to-date performance and have moved 6.75% in past 5-day. United Microelectronics Corporation (NYSE:UMC) showed a performance of 34.62% in past 30-days. Number of shares sold short was 754.34 Million shares which calculate 281.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.54 to the stock, which implies targetted prices is already lagging behind -3.65% to its current value. Analysts have been projecting $3.41 as a low price target for the stock while placing it at a high target of $7.8. It follows that stock’s current price would jump +35.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -40.7% for stock’s current value.
United Microelectronics Corporation (UMC) estimates and forecasts
Statistics highlight that United Microelectronics Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added +108.14% of value to its shares in past 6 months, showing an annual growth rate of NA% while that of industry is NA. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 250% in the current quarter and calculating 40% increase in the next quarter. This year revenue growth is estimated to rise 22.1% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.49 Billion for the same. And 1 analysts are in estimates of company making revenue of $1.48 Billion in the next quarter that will end in December 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -3.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 39.1% while estimates for its earnings growth in next 5 years are of 20%
United Microelectronics Corporation is more likely release its next earnings report in August, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.54%, the share has a forward dividend of 0.14 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.32%.