There is no way UWM Holdings Corporation (UWMC) can keep these numbers up

UWM Holdings Corporation (NYSE: UWMC) stock fell -0.56% on Monday to $5.37 against a previous-day closing price of $5.40. With 0.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $5.44 whereas the lowest price it dropped to was $5.32. The 52-week range on UWMC shows that it touched its highest point at $6.98 and its lowest point at $2.84 during that stretch. It currently has a 1-year price target of $6.03. With its current market cap of 8.60 billion, UWMC has annualized dividend of $0.40 while the current yield stands at 7.45%. Beta for the stock currently stands at 1.59.

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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 UWMC was down-trending over the past week, with a drop of -0.74%, but this was down by -6.12% over a month. Three-month performance dropped to -6.12% while six-month performance rose 16.23%. The stock gained 40.21% in the past year, while it has gained 62.24% so far this year. A look at the trailing 12-month EPS for UWMC yields 0.08 with Next year EPS estimates of 0.38. For the next quarter, that number is 0.05. This implies an EPS growth rate of -32.10% for this year and 136.25% for next year.

Float and Shares Shorts:

At present, 1.60 billion UWMC shares are outstanding with a float of 84.05 million shares on hand for trading. On Aug 30, 2023, short shares totaled 18.22 million, which was 19.57% higher than short shares on Jul 30, 2023. In addition to Mr. Mathew R. Ishbia as the firm’s Chairman, Pres & CEO, Mr. Andrew Hubacker serves as its Exec. VP, Chief Accounting Officer & CFO.

Institutional Ownership:

Other institutions hold 4.58% of UWMC, in contrast to 23.80% held by mutual funds. Shares owned by individuals account for 15.95%. As the largest shareholder in UWMC with 9.34% of the stake, The Vanguard Group, Inc. holds 8,699,033 shares worth 8,699,033. A second-largest stockholder of UWMC, Fidelity Management & Research Co, holds 4,078,686 shares, controlling over 4.38% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in UWMC, holding 3,536,831 shares or 3.80% stake. With a 3.43% stake in UWMC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,194,929 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.47% of UWMC stock, is the second-largest Mutual Fund holder. It holds 2,294,944 shares valued at 13.68 million. Fidelity US Equity Central Fund holds 1.83% of the stake in UWMC, owning 1,699,603 shares worth 10.13 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UWMC 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 UWMC analysts setting a high price target of $8.00 and a low target of $4.00, the average target price over the next 12 months is $6.25. Based on these targets, UWMC could surge 48.98% to reach the target high and fall by -25.51% to reach the target low. Reaching the average price target will result in a growth of 16.39% 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 UWMC stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 1,584 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 57,152 while 15,736 shares were sold.

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