UTStarcom Holdings Corp. (NASDAQ:UTSI) does about 37.35K shares in volume on a normal day but saw 37915094 shares change hands in Monday trading. The company now has a market cap of 55.88M USD and an enterprise value of about $17.27M. Its current market price is $1.50, marking an increase of 8.70% compared to the previous close of $1.38. The 52 week high reached by this stock is $3.09 whilst the lowest price level in 52 weeks is $1.32. The script in recent trading has seen the stock touch a high of $2.09 and a low of $1.35.
UTStarcom Holdings Corp. (UTSI) has a 20-day trading average at $1.5698 and the current price is -51.46% off the 52-week high compared with 13.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6491 and its 200-day simple moving average is $2.1996. If we look at the stock’s price movements over the week, volatility stands at 18.77%, which decreases to 7.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.36 to suggest the stock is neutral.
1 analysts observing the UTStarcom Holdings Corp. (UTSI) stock have set the 12-month price targets for the company’s shares at between $2.50 and $2.50. The median price target is 40.0% away from the current levels at $2.50.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 31, 2015 when Northland Capital initiated the stock to “Outperform” and issued a price target of $2.50. Jefferies & Co reiterated its price target at $1.50-$0.75.
The current price level is -4.81%, -9.33%, and -32.03% away from its SMA20, SMA50, and SMA200 respectively, with the UTSI price moving above the 50-day SMA on August 31. UTStarcom Holdings Corp. (UTSI) stock is up 0.67% over the week and -5.66% over the past month. Its price is -49.15% year-to-date and -48.28% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2019, with the company’s earnings per share (EPS) of -$0.1 below consensus estimates by -$0.07. In addition, estimates put the company’s current quarterly revenue at an average of $10 million.
Its 12-month price target is $2.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.50.
Outstanding shares total 35.60M with insiders holding 71.40% of the shares and institutional holders owning 3.61% of the company’s common stock. The company has a return on investment of -6.20% and return on equity of -3.90%. The beta has a value of 0.98. Price to book ratio is 0.54 and price to sales ratio is 0.85.
According to a U.S. Securities and Exchange Commission filing, ZCap2 SA de CV SIRV has reduced its position in UTStarcom Holdings Corp. (UTSI) to 570,155 shares, mirroring a recent drop by -2.62%. ZCap2 SA de CV SIRV dumped 15363.0 shares of UTStarcom Holdings Corp. common stock bringing its total worth to about $0.91 million at the end of recent close, SEC documents show. ZCap2 SA de CV SIRV isn’t the only investment manager who changed stakes and is followed by ZCap3 SA de CV SIRV, which sold off 28902.0 shares to end up with 341,098 shares worth $0.54 million. Fidelity Nasdaq Composite Index F cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.06% position in UTStarcom Holdings Corp. thanks to 21825.0 shares amounting to $34702.0.