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UWM Holdings Corporation (UWMC) – key numbers that make it a Strong Buy For Now

UWM Holdings Corporation (NYSE: UWMC) is -2.80% 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 $7.10 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $6.95, the stock is 5.99% and 4.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing -2.11% at the moment leaves the stock 13.52% off its SMA200. UWMC registered 43.30% gain for a year compared to 6-month gain of 31.13%.

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The stock witnessed a 10.67% loss in the last 1 month and extending the period to 3 months gives it a -1.70%, and is -1.84% 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 5.13% over the week and 3.75% over the month.

UWM Holdings Corporation (UWMC) has around 6700 employees, a market worth around $659.90M and $2.25B in sales. Fwd P/E is 16.73. Profit margin for the company is 0.33%. Distance from 52-week low is 54.79% and -10.32% from its 52-week high. The company has generated returns on investments over the last 12 months (0.13%).

The EPS is expected to grow by 842.74% this year.

UWM Holdings Corporation (UWMC) Top Institutional Holders

The shares outstanding are 93.65M, and float is at 90.55M with Short Float at 21.18%.

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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