While Ultra Clean Hldgs Inc has overperformed by 22.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UCTT fell by -52.72%, with highs and lows ranging from $56.47 to $16.66, whereas the simple moving average fell by -40.07% in the last 200 days.
On October 29, 2024, Needham Reiterated Ultra Clean Hldgs Inc (NASDAQ: UCTT) to Buy. A report published by Oppenheimer on September 25, 2024, Initiated its previous ‘Outperform’ rating for UCTT. TD Cowen also reiterated UCTT shares as ‘Buy’, quoting a target price of $60 on the company’s shares in a report dated July 26, 2024. TD Cowen Reiterated the rating as Buy on May 07, 2024, but set its price target from $47 to $55. TD Cowen resumed its ‘Outperform’ rating for UCTT, as published in its report on February 22, 2024. Needham’s report from August 25, 2023 suggests a price prediction of $45 for UCTT shares, giving the stock a ‘Buy’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of Ultra Clean Hldgs Inc (UCTT)
Further, the quarter-over-quarter increase in sales is 26.64%, showing a positive trend in the upcoming months.
Ultra Clean Hldgs Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 2.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.76, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and UCTT is registering an average volume of 544.61K. On a monthly basis, the volatility of the stock is set at 6.85%, whereas on a weekly basis, it is put at 15.21%, with a loss of -0.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.00, showing growth from the present price of $21.82, which can serve as yet another indication of whether UCTT is worth investing in or should be passed over.
How Do You Analyze Ultra Clean Hldgs Inc Shares?
A giant in the Semiconductor Equipment & Materials market, Ultra Clean Hldgs Inc (UCTT) is based in the USA. When comparing Ultra Clean Hldgs Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 42.13, there is a growth in quarterly earnings of 522.35%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 2.83%. 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 92.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UCTT shares are owned by institutional investors to the tune of 92.71% at present.
