UWM Holdings Corporation (NYSE: UWMC) stock fell -0.53% on Monday to $5.67 against a previous-day closing price of $5.70. With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.07 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $5.74 whereas the lowest price it dropped to was $5.56. The 52-week range on UWMC shows that it touched its highest point at $6.98 and its lowest point at $3.23 during that stretch. It currently has a 1-year price target of $5.69. With its current market cap of 527.93 million, UWMC has annualized dividend of $0.40 while the current yield stands at 7.05%. Beta for the stock currently stands at 1.64.
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 up-trending over the past week, with a rise of 4.42%, but this was up by 14.31% over a month. Three-month performance surged to 1.98% while six-month performance rose 14.55%. The stock gained 39.31% in the past year, while it has gained 71.30% so far this year. A look at the trailing 12-month EPS for UWMC yields -0.04 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.04. This implies an EPS growth rate of -69.78% for this year and 152.76% for next year.
Float and Shares Shorts:
At present, 92.58 million UWMC shares are outstanding with a float of 84.38 million shares on hand for trading. On Oct 30, 2023, short shares totaled 20.23 million, which was 21.60% higher than short shares on Sep 28, 2023. In addition to Mr. Mathew R. Ishbia as the firm’s Chairman, President & CEO, Mr. Andrew Hubacker serves as its Executive VP, Chief Accounting Officer & CFO.
Through their ownership of 43.51% of UWMC’s outstanding shares, institutional investors have minority control over the company.
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 $7.00 and a low target of $4.00, the average target price over the next 12 months is $5.69. Based on these targets, UWMC could surge 23.46% to reach the target high and fall by -29.45% to reach the target low. Reaching the average price target will result in a growth of 0.35% from current levels.
Summary of Insider Activity:
Insiders traded UWMC stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 43,750 shares were bought while 1,084 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 100,902 while 16,820 shares were sold.