While UWM Holdings Corporation has underperformed by -8.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UWMC rose by 22.70%, with highs and lows ranging from $7.75 to $4.49, whereas the simple moving average fell by -0.37% in the last 200 days.
On January 10, 2024, Deutsche Bank started tracking UWM Holdings Corporation (NYSE: UWMC) recommending Hold. A report published by Keefe Bruyette on January 10, 2024, Downgraded its rating to ‘Underperform’ for UWMC. UBS also rated UWMC shares as ‘Sell’, setting a target price of $4 on the company’s shares in an initiating report dated December 06, 2023. Barclays Initiated an Underweight rating on November 15, 2023, and assigned a price target of $4. BTIG Research October 05, 2023d its ‘Neutral’ rating to ‘Buy’ for UWMC, as published in its report on October 05, 2023. Jefferies also rated the stock as ‘Buy’.
Analysis of UWM Holdings Corporation (UWMC)
With UWMC’s current dividend of $0.40 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 14.69%, showing a positive trend in the upcoming months.
UWM Holdings Corporation’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -10.33% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and UWMC has an average volume of 1.47M. On a monthly basis, the volatility of the stock is set at 4.23%, whereas on a weekly basis, it is put at 6.77%, with a loss of -19.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.20, showing growth from the present price of $6.00, which can serve as yet another indication of whether UWMC is worth investing in or should be passed over.
How Do You Analyze UWM Holdings Corporation Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.81% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UWMC shares are owned by institutional investors to the tune of 48.81% at present.
