The growth track for UWM Holdings Corporation (UWMC) has changed recently

With 1.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.98 million shares. During the session, the Mortgage Finance company that operates in wider Financial sector, reached to the highest price of $7.4606 whereas the lowest price it dropped to was $7.33. The 52-week range on UWMC shows that it touched its highest point at $7.75 and its lowest point at $4.49 during that stretch. It currently has a 1-year price target of $6.60. With its current market cap of 697.88 million, UWMC has annualized dividend of $0.40 while the current yield stands at 5.44%. Beta for the stock currently stands at 1.69.

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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 -0.27%, but this was up by 2.80% over a month. Three-month performance surged to 10.36% while six-month performance rose 30.09%. The stock gained 35.86% in the past year, while it has gained 2.80% so far this year. A look at the trailing 12-month EPS for UWMC yields -0.11 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.07. This implies an EPS growth rate of 828.53% for this year and 40.85% for next year. EPS is expected to decline by -8.56% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -277.33%.

Float and Shares Shorts:

At present, 93.65 million UWMC shares are outstanding with a float of 85.63 million shares on hand for trading. On 2024-05-15, short shares totaled 18.51 million, which was 1937.0002 higher than short shares on 1713139200. 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.

Institutional Ownership:

Through their ownership of 0.52771 of UWMC’s outstanding shares, institutional investors have minority control over the company.

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.