In the latest trading session,, 0.66 million UWM Holdings Corporation (NYSE:UWMC) shares changed hands as the company’s beta touched 1.67. With the company’s most recent per share price at $9.35 changing hands around $0.22 or 2.46% at last look, the market valuation stands at $894.43M. The share price had its 52-week low at $4.49, which suggests the last value was 51.98% up since then. When we look at UWM Holdings Corporation’s average trading volume, we note the 10-day average is 2.16 million shares, with the 3-month average coming to 1.49 million.
Analysts gave the UWM Holdings Corporation (UWMC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.17. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended UWMC as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. UWM Holdings Corporation’s EPS for the current quarter is expected to be 0.07.
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UWM Holdings Corporation (NYSE:UWMC) trade information
Instantly UWMC is in green as seen in intraday trades today. With action 6.07%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 30.84%, with the 5-day performance at 6.07% in the green. However, in the 30-day time frame, UWM Holdings Corporation (NYSE:UWMC) is 20.24% up. Looking at the short shares, we see there were 14.36 million shares sold at short interest cover period of 10.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9.5, meaning bulls need an upside of 1.58% from its recent market value. According to analyst projections, UWMC’s forecast low is 6 with 10 as the target high. To hit the forecast high, the stock’s price needs a -6.95% plunge from its current level, while the stock would need to tank 35.83% for it to hit the projected low.
UWM Holdings Corporation (UWMC) estimates and forecasts
Data shows that the UWM Holdings Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 38.18% over the past 6 months, a 775.00% in annual growth rate that is considerably higher than the industry average of 19.90%. Year-over-year growth is forecast to reach 66.80% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 564.68M. 6 analysts are of the opinion that UWM Holdings Corporation’s revenue for the current quarter will be 568.86M. The company’s revenue for the corresponding quarters a year ago was 677.12M and -114.58M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.60%. The estimates for the next quarter sales put growth at -596.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -277.33%. The 2024 estimates are for UWM Holdings Corporation earnings to increase by 754.56%, but the outlook for the next 5-year period is at -8.56% per year.
UWMC Dividends
UWM Holdings Corporation is expected to release its next quarterly earnings report on 2024-Nov-06. The 4.28% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 4.28% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
UWM Holdings Corporation (NYSE:UWMC)’s Major holders
FMR LLC holds the second largest percentage of outstanding shares, with 8.8218% or 8.23 million shares worth $59.72 million as of 2024-03-31.
Among Mutual Funds, the top two as of May 31, 2024 were Fidelity Balanced Fund and Vanguard Total Stock Market Index Fund . With 3.03 shares estimated at $28.38 million under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.12% of the shares, roughly 2.98 shares worth around $27.9 million.
