Are Unisys Corp (NYSE: UIS) Shares Ready For A Higher Price Run?

In the last trading session, 2.34 million shares of the Unisys Corp (NYSE:UIS) were traded, and its beta was 0.75. Most recently the company’s share price was $7.04, and it changed around -$1.88 or -21.08% from the last close, which brings the market valuation of the company to $385.39M. UIS currently trades at a discount to its 52-week high of $8.93, offering almost -26.85% off that amount. The share price’s 52-week low was $3.32, which indicates that the current value has risen by an impressive 52.84% since then. We note from Unisys Corp’s average daily trading volume that its 10-day average is 0.69 million shares, with the 3-month average coming to 605.60K.

Unisys Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended UIS as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Unisys Corp is expected to report earnings per share of 0.3 for the current quarter.

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Unisys Corp (NYSE:UIS) trade information

Instantly UIS has showed a red trend with a performance of -21.08% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.93 on recent trading dayincreased the stock’s daily price by 21.16%. The company’s shares are currently up 25.27% year-to-date, but still down -11.78% over the last five days. On the other hand, Unisys Corp (NYSE:UIS) is -11.89% down in the 30-day period. We can see from the shorts that 0.83 million shares have been sold at a short interest cover period of 0.97 day(s).

The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 73.93% from its current value. Analyst projections state that UIS is forecast to be at a low of $27 and a high of $27.

Unisys Corp (UIS) estimates and forecasts

Unisys Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 69.23 percent over the past six months and at a -48.33% annual growth rate that is well below the industry average of 15.60%. The year-over-year growth rate is expected to be -0.07%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 550.93M in revenue for the current quarter. 3 analysts expect Unisys Corp to make 504.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 557.6M and 487.8M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.20%. Forecasts for the next quarter put sales growth at 3.50%.

Unisys Corp earnings are expected to increase by -31.11% in 2024, but the outlook is positive 15.00% per year for the next five years.

UIS Dividends

Unisys Corp’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 59.62 per year.

Unisys Corp (NYSE:UIS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.22% of Unisys Corp shares, and 85.50% of them are in the hands of institutional investors. The stock currently has a share float of 90.21%. Unisys Corp stock is held by 235.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7164% of the shares, which is about 6.68 million shares worth $27.57 million.

BLACKROCK INC., with 8.0088% or 5.5 million shares worth $22.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.