United Microelectronics Corporation (NYSE: UMC) is -45.11% lower on its value in year-to-date trading and has touched a low of $6.16 and a high of $11.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UMC stock was last observed hovering at around $6.17 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $6.10 for the next 12 months. It is also 1.31% off the consensus price target high of $6.10 offered by 3 analysts, but current levels are 1.31% higher than the price target low of $6.10 for the same period.
Currently trading at $6.02, the stock is -6.99% and -10.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.09 million and changing -2.43% at the moment leaves the stock -26.72% off its SMA200. UMC registered -45.29% loss for a year compared to 6-month loss of -29.73%.
The stock witnessed a -10.55% gain in the last 1 month and extending the period to 3 months gives it a -15.09%, and is -5.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.25% over the week and 2.41% over the month.
United Microelectronics Corporation (UMC) has around 19426 employees, a market worth around $15.26B and $7.34B in sales. Current P/E ratio is 7.14 and Fwd P/E is 6.37. Distance from 52-week low is -2.27% and -49.35% from its 52-week high. The company has generated returns on investments over the last 12 months (12.30%).
United Microelectronics Corporation (UMC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for United Microelectronics Corporation (UMC) is a “Hold”. 3 analysts offering their recommendations for the stock have an average rating of 3.30, where 1 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
United Microelectronics Corporation is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 90.90% this year
United Microelectronics Corporation (UMC) Top Institutional Holders
The shares outstanding are 2.54B, and float is at 2.25B with Short Float at 2.29%.
United Microelectronics Corporation (UMC): Who are the competitors?
The company’s main competitors (and peers) include Tower Semiconductor Ltd. (TSEM) that is 41.84% higher over the past 12 months. Intel Corporation (INTC) is -47.53% down on the 1-year trading charts.