Unique Fabricating Inc. (AMEX: UFAB) stock jumped 6.57% on Monday to $0.23 against a previous-day closing price of $0.21. With 1.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.13 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.2469 whereas the lowest price it dropped to was $0.2094. The 52-week range on UFAB shows that it touched its highest point at $1.09 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 1.45.
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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 UFAB was down-trending over the past week, with a drop of -8.06%, but this was down by -4.82% over a month. Three-month performance dropped to -5.81% while six-month performance rose 33.53%. The stock lost -68.85% in the past year, while it has lost -58.84% so far this year. EPS is expected to grow by 21.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -24.40%.
Float and Shares Shorts:
At present, 11.73 million UFAB shares are outstanding with a float of 9.61 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.16 million, which was 1.39% higher than short shares on Jul 30, 2023. In addition to Mr. Byrd Douglas Cain III as the firm’s Pres & CEO, Mr. Brian P. Loftus serves as its VP & CFO.
Institutional Ownership:
Through their ownership of 18.51% of UFAB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.37% of UFAB, in contrast to 23.76% held by mutual funds. Shares owned by individuals account for 0.26%. As the largest shareholder in UFAB with 1.26% of the stake, Acadian Asset Management LLC holds 147,650 shares worth 147,650. A second-largest stockholder of UFAB, Raymond James Financial Services, holds 100,000 shares, controlling over 0.85% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in UFAB, holding 53,074 shares or 0.45% stake. With a 0.23% stake in UFAB, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 27,077 shares are owned by the mutual fund manager. The Fidelity Series Total Market Inde, which owns about 0.02% of UFAB stock, is the second-largest Mutual Fund holder. It holds 2,233 shares valued at 433.0. Vanguard Invt. Fds. ICVC – US Equ holds 0.01% of the stake in UFAB, owning 1,400 shares worth 272.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, UFAB reported revenue of $35.03M and operating income of $1.00M. The EBITDA in the recently reported quarter was $2.15M and diluted EPS was -$0.91.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UFAB 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 UFAB analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, UFAB could surge 769.57% to reach the target high and rise by 769.57% to reach the target low. Reaching the average price target will result in a growth of 769.57% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded UFAB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 50,770 while 0 shares were sold.
