During the last session, UWM Holdings Corporation (NYSE:UWMC)’s traded shares were 6.33 million, with the beta value of the company hitting 1.67. At the end of the trading day, the stock’s price was $6.45, reflecting an intraday gain of 5.74% or $0.35. The 52-week high for the UWMC share is $7.75, that puts it down -20.16 from that peak though still a striking 30.39% gain since the share price plummeted to a 52-week low of $4.49. The company’s market capitalization is $609.59M, and the average intraday trading volume over the past 10 days was 3.38 million shares, and the average trade volume was 1.62 million shares over the past three months.
UWM Holdings Corporation (NYSE:UWMC) trade information
UWM Holdings Corporation (UWMC) registered a 5.74% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.74% in intraday trading to $6.45, hitting a weekly high. The stock’s 5-day price performance is -10.54%, and it has moved by 1.42% in 30 days. Based on these gigs, the overall price performance for the year is 28.49%. The short interest in UWM Holdings Corporation (NYSE:UWMC) is 15.79 million shares and it means that shorts have 11.51 day(s) to cover.
UWM Holdings Corporation (UWMC) estimates and forecasts
Statistics show that UWM Holdings Corporation has outperformed its competitors in share price, compared to the industry in which it operates. UWM Holdings Corporation (UWMC) shares have gone up 39.91% during the last six months, with a year-to-date growth rate more than the industry average at 850.00% against 8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 185.70% this quarter and then drop -27.30% in the quarter after that. In the rating firms’ projections, revenue will increase 64.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $455.95 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $540.88 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $161.27 million and $587.52 million respectively. In this case, analysts expect current quarter sales to grow by 182.70% and then drop by -7.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -277.33%. While earnings are projected to return 878.61% in 2024, the next five years will return -8.56% per annum.
UWMC Dividends
UWM Holdings Corporation is due to release its next quarterly earnings between May 08 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for UWM Holdings Corporation is 0.40, with the dividend yield indicating at 6.20 percent, continuing the trend of increasing dividends in recent years.
UWM Holdings Corporation (NYSE:UWMC)’s Major holders
UWM Holdings Corporation insiders own 4.50% of total outstanding shares while institutional holders control 53.93%, with the float percentage being 56.47%. Vanguard Group Inc is the largest shareholder of the company, while 228 institutions own stock in it. As of Jun 29, 2023, the company held over 8.81 million shares (or 9.47% of all shares), a total value of $49.36 million in shares.
The next largest institutional holding, with 4.89 million shares, is of Platinum Equity, LLC’s that is approximately 5.26% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $27.41 million.
Also, the Mutual Funds coming in first place with the largest holdings of UWM Holdings Corporation (UWMC) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 3.19 million shares. This amounts to just over 3.43 percent of the company’s overall shares, with a $17.89 million market value. The same data shows that the other fund manager holds slightly less at 2.28 million, or about 2.45% of the stock, which is worth about $12.79 million.
