Home  »  Company   »  Unique Fabricating Inc. Stock Forecast 2023: Uniqu...

Unique Fabricating Inc. Stock Forecast 2023: Unique Fabricating Inc. Is Weak With -769.57% Downside

In the latest trading session, 0.44 million Unique Fabricating Inc. (AMEX:UFAB) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $0.23 changing hands around $0.02 or 7.93% at last look, the market valuation stands at $2.70M. UFAB’s current price is a discount, trading about -373.91% off its 52-week high of $1.09. The share price had its 52-week low at $0.14, which suggests the last value was 39.13% up since then. When we look at Unique Fabricating Inc.’s average trading volume, we note the 10-day average is 0.71 million shares, with the 3-month average coming to 3.13 million.

Analysts gave the Unique Fabricating Inc. (UFAB) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended UFAB as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Unique Fabricating Inc.’s EPS for the current quarter is expected to be $0.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

Unique Fabricating Inc. (AMEX:UFAB) trade information

Instantly UFAB is in green as seen in intraday trades today. With action -6.89%, the performance over the past five days has been red. The jump to weekly highs of 0.2598 on Friday, 09/15/23 added 7.93% to the stock’s daily price. The company’s shares are showing year-to-date downside of -58.31%, with the 5-day performance at -6.89% in the red. However, in the 30-day time frame, Unique Fabricating Inc. (AMEX:UFAB) is -3.61% down. Looking at the short shares, we see there were 0.16 million shares sold at short interest cover period of 0.16 days.

The consensus price target for the stock as assigned by Wall Street analysts is $2.00, meaning bulls need an upside of 88.5% from its recent market value. According to analyst projections, UFAB’s forecast low is $2.00 with $2.00 as the target high. To hit the forecast high, the stock’s price needs a -769.57% plunge from its current level, while the stock would need to soar -769.57% for it to hit the projected low.

Unique Fabricating Inc. (UFAB) estimates and forecasts

Year-over-year growth is forecast to reach 8.10% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $31 million. 1 analysts are of the opinion that Unique Fabricating Inc.’s revenue for the quarter ending Mar 2023 will be $33 million. The company’s revenue for the corresponding quarters a year ago was $30.07 million and $35.31 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.10%. The estimates for the next quarter sales put growth at -6.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -24.40%. The 2023 estimates are for Unique Fabricating Inc. earnings to decrease by -15.60%, but the outlook for the next 5-year period is at 21.00% per year.

UFAB Dividends

Unique Fabricating Inc. is expected to release its next quarterly earnings report between September 23 and October 08.

On Key

Related Posts