UWM Holdings Corporation (NYSE: UWMC) is 25.17% higher on its value in year-to-date trading and has touched a low of $4.49 and a high of $9.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UWMC stock was last observed hovering at around $8.86 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $8.95, the stock is -2.20% and 7.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 1.02% at the moment leaves the stock 25.46% off its SMA200. UWMC registered 65.43% gain for a year compared to 6-month gain of 32.20%.
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The stock witnessed a 8.48% loss in the last 1 month and extending the period to 3 months gives it a 23.28%, and is -3.35% 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 3.01% over the week and 3.62% over the month.
UWM Holdings Corporation (UWMC) has around 6700 employees, a market worth around $855.71M and $2.31B in sales. Fwd P/E is 21.03. Profit margin for the company is 0.13%. Distance from 52-week low is 99.33% and -8.11% from its 52-week high. The company has generated returns on investments over the last 12 months (0.06%).
The EPS is expected to grow by 740.44% this year
The shares outstanding are 93.65M, and float is at 86.33M with Short Float at 15.99%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.61 million shares valued at $59.66 million. The investor’s holdings represent 9.1232 of the UWMC Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 8.21 million shares valued at $56.88 million to account for 8.6978 of the shares outstanding. The other top investors are PLATINUM EQUITY, LLC which holds 4.89 million shares representing 5.1863 and valued at over $33.92 million, while BLACKROCK INC. holds 5.1099 of the shares totaling 4.82 million with a market value of $33.42 million.
UWM Holdings Corporation (UWMC) Insider Activity
The most recent transaction is an insider sale by Mat Ishbia, the company’s President and CEO. SEC filings show that Mat Ishbia sold 5,000,000 shares of the company’s common stock on Aug 30 ’24 at a price of $9.11 per share for a total of $45.55 million. Following the sale, the insider now owns 0.0 shares.
UWM Holdings Corporation disclosed in a document filed with the SEC on Sep 13 ’23 that Verdun Robert (Director) bought a total of 40,000 shares of the company’s common stock. The trade occurred on Sep 13 ’23 and was made at $5.20 per share for $0.21 million. Following the transaction, the insider now directly holds 0.2 million shares of the UWMC stock.
