UWM Holdings Corporation (NYSE: UWMC) is 20.70% 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 $8.63 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $8.63, the stock is -3.96% and -0.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing 0.00% at the moment leaves the stock 18.55% off its SMA200. UWMC registered 73.64% gain for a year compared to 6-month gain of 16.15%. The firm has a 50-day simple moving average (SMA 50) of $8.7004 and a 200-day simple moving average (SMA200) of $7.2947.
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The stock witnessed a -9.35% loss in the last 1 month and extending the period to 3 months gives it a 25.44%, and is -3.47% 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 3.65% over the week and 3.17% over the month.
UWM Holdings Corporation (UWMC) has around 6700 employees, a market worth around $825.11M and $2.31B in sales. Fwd P/E is 20.27. Profit margin for the company is 0.13%. Distance from 52-week low is 92.20% and -11.40% 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 740.10% this year.
UWM Holdings Corporation (UWMC) Top Institutional Holders
The shares outstanding are 93.65M, and float is at 86.33M with Short Float at 15.07%.
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 1,200,000 shares of the company’s common stock on Sep 16 ’24 at a price of $8.45 per share for a total of $10.14 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 ’24 that Mat Ishbia (President and CEO) sold a total of 10,842,012 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $8.45 per share for $91.62 million. Following the transaction, the insider now directly holds 0.0 shares of the UWMC stock.
Still, SEC filings show that on Aug 30 ’24, Mat Ishbia (President and CEO) disposed off 5,000,000 shares at an average price of $9.11 for $45.55 million. The insider now directly holds 0 shares of UWM Holdings Corporation (UWMC).
