Unisys Corp. (NYSE:UIS) Drops -3.73%, But A Strong Recovery May Be Imminent

In last trading session, Unisys Corp. (NYSE:UIS) saw 0.31 million shares changing hands with its beta currently measuring 0.79. Company’s recent per share price level of $5.16 trading at -$0.2 or -3.73% at ring of the bell on the day assigns it a market valuation of $357.79M. That closing price of UIS’s stock is at a discount of -57.36% from its 52-week high price of $8.12 and is indicating a premium of 49.61% from its 52-week low price of $2.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 439.09K if we extend that period to 3-months.

Unisys Corp. (NYSE:UIS) trade information

Upright in the red during last session for losing -3.73%, in the last five days UIS remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $5.16 price level, adding 10.26% to its value on the day. Unisys Corp.’s shares saw a change of -8.19% in year-to-date performance and have moved -7.03% in past 5-day. Unisys Corp. (NYSE:UIS) showed a performance of 47.43% in past 30-days. Number of shares sold short was 1.62 million shares which calculate 4.01 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of 27 to the stock, which implies a rise of 80.89% to its current value. Analysts have been projecting 27 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -423.26% in reaching the projected high whereas dropping to the targeted low would mean a loss of -423.26% for stock’s current value.

Unisys Corp. (UIS) estimates and forecasts

Statistics highlight that Unisys Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -2.64% of value to its shares in past 6 months, showing an annual growth rate of -60.00% while that of industry is 12.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.80% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 486.5M for the same. And 3 analysts are in estimates of company making revenue of 546.33M in the next quarter. Company posted 464.6M and 557.6M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -4.44% while estimates for its earnings growth in next 5 years are of 9.00%.

Unisys Corp. (NYSE:UIS)’s Major holders

Insiders are in possession of 5.22% of company’s total shares while institution are holding 85.39 percent of that, with stock having share float percentage of 90.09%. Investors also watch the number of corporate investors in a company very closely, which is 85.39% institutions for Unisys Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at UIS for having 6.68 million shares of worth $27.57 million. And as of 2024-06-30, it was holding 9.7164 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 5.5 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.0088 of outstanding shares, having a total worth of $22.72 million.