Are Analysts Too Bullish On United Micro Electronics ADR (UMC)

United Micro Electronics ADR (NYSE:UMC) currently has a daily average trading volume of 12.02M but it saw 13460775 shares traded in last market. With a market cap of 21.67B USD, the company’s current market price of $8.65 came falling about -2.70 while comparing to the previous closing price of $8.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.00 and as low as $6.74. In the recent trading on the day, stock has struck highest price mark of $8.63 while lowest mark touched by it was $8.91.

Taking a look at 20-day trading activity of United Micro Electronics ADR (UMC) gives us an average price of $8.32, while its current price level is -3.89% below from 52-week high level whereas it is 28.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.38 while that of 200 days or SMA-200 reads an average of $8.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.98% during that period while stretching the period over a month that increases to 3.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.72 which implies that the stock is in neutral territory.

Over the week, UMC’s stock price is moving -1.37% down while it is 15.49% when we observe its performance for the past one month. Year-to-date it is 2.25% up and over the past year, the stock is showing an upside performance of 28.15%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.2 beat the consensus estimate of 0.17 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-30, for which analysts forecasted an EPS of 0.17 while estimate for next year EPS is 0.65. In next quarter, company is expected to be making quarterly sales of $1.91B as analysts are expecting the sales for current fiscal year at $7.2B and seeing the company making $8.18B in sales next year. Moreover, analysts are in estimates of $1.87B for current-quarter revenue.

Currently, United Micro Electronics ADR’s total number of outstanding shares is 2.51B with 0.00% of that held by the insiders while 5.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.31% and return on equity (ROE) at 15.63%. It has a price to earnings ratio (P/E ratio) of 12.95 while having a 11.92 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 1.98 while price to sale or P/S ratio amounts to 3.09. Its return on asset (ROA) is 9.35% on average.