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Why UWM Holdings Corporation (UWMC) Stock Could See Much Higher Prices Ahead

MQ Stock

UWM Holdings Corporation (NYSE: UWMC) is -8.25% lower on its value in year-to-date trading and has touched a low of $4.49 and a high of $7.75 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 UWMC stock was last observed hovering at around $7.26 in the last trading session, with the day’s loss setting it -0.7%.

Currently trading at $6.56, the stock is -4.92% and -3.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -9.64% at the moment leaves the stock 9.02% off its SMA200. UWMC registered 35.26% gain for a year compared to 6-month gain of 36.95%.

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The stock witnessed a 2.82% loss in the last 1 month and extending the period to 3 months gives it a -9.14%, and is -13.91% 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 5.65% over the week and 4.02% over the month.

UWM Holdings Corporation (UWMC) has around 6700 employees, a market worth around $619.99M and $2.17B in sales. Fwd P/E is 15.67. Profit margin for the company is -0.61%. Distance from 52-week low is 46.10% and -15.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.18%).

UWM Holdings Corporation quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $430.68M over the same period.The EPS is expected to grow by 872.36% this year, but quarterly earnings will post 60.70% year-over-year. Quarterly sales are estimated to grow 167.00% in year-over-year returns.

UWM Holdings Corporation (UWMC) Top Institutional Holders

228 institutions hold shares in UWM Holdings Corporation (UWMC), with institutional investors hold 56.47% of the company’s shares. The shares outstanding are 93.65M, and float is at 85.43M with Short Float at 18.49%. Institutions hold 53.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.81 million shares valued at $49.36 million. The investor’s holdings represent 9.47% of the UWMC Shares outstanding. As of Jun 29, 2023, the second largest holder is Platinum Equity, LLC with 4.89 million shares valued at $27.41 million to account for 5.26% of the shares outstanding. The other top investors are FMR, LLC which holds 4.65 million shares representing 5.00% and valued at over $26.05 million, while Blackrock Inc. holds 4.36% of the shares totaling 4.06 million with a market value of $22.71 million.

UWM Holdings Corporation (UWMC) Insider Activity

The most recent transaction is an insider purchase by Verdun Robert,the company’sDirector. SEC filings show that Verdun Robert bought 40,000 shares of the company’s common stock on Sep 13 ’23 at a price of $5.20 per share for a total of $0.21 million. Following the purchase, the insider now owns 0.2 million shares.

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