United Time Technology Co. Ltd. (NASDAQ: UTME) stock jumped 24.44% on Friday to $1.68 against a previous-day closing price of $1.35. With 1.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 19700.0 shares. During the session, the Consumer Electronics company that operates in wider Technology sector, reached to the highest price of $2.3900 whereas the lowest price it dropped to was $1.3700. The 52-week range on UTME shows that it touched its highest point at $8.30 and its lowest point at $1.10 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UTME was up-trending over the past week, with a rise of 20.63%, but this was up by 17.48% over a month. Three-month performance surged to 8.39% while six-month performance fell -0.59%. The stock lost -78.63% in the past year, while it has lost -37.08% so far this year.
Float and Shares Shorts:
At present, 8.27 million UTME shares are outstanding with a float of 3.75 million shares on hand for trading. On Jul 14, 2022, short shares totaled 93950.0, which was 1.14% higher than short shares on Jun 14, 2022. In addition to Mr. Minfei Bao as the firm’s CEO & Chairman, Mr. Shibin Yu serves as its Chief Financial Officer.
Through their ownership of 0.17% of UTME’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of UTME, in contrast to — held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in UTME with 0.17% of the stake, Jane Street Capital LLC holds 13,660 shares worth 13,660. A second-largest stockholder of UTME, Citigroup Global Markets, Inc., holds 222 shares, controlling over 0.00% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in UTME, holding 0 shares or 0.00% stake.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UTME since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UTME analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.