With 2.51B Outstanding Shares, Can United Micro Electronics ADR (NYSE: UMC) Deliver Big Short-Term Gains?

United Micro Electronics ADR (NYSE:UMC) currently has a daily average trading volume of 15.09M but it saw 7703776 shares traded in last market. With a market cap of 17.61B USD, the company’s current market price of $7.01 came falling about -0.43 while comparing to the previous closing price of $7.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.00 and as low as $5.61. In the recent trading on the day, stock has struck highest price mark of $6.98 while lowest mark touched by it was $7.0999.

Taking a look at 20-day trading activity of United Micro Electronics ADR (UMC) gives us an average price of $6.74, while its current price level is -22.11% below from 52-week high level whereas it is 24.96% 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 $6.70 while that of 200 days or SMA-200 reads an average of $7.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.91% during that period while stretching the period over a month that increases to 3.99%. 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 57.23 which implies that the stock is in neutral territory.

Over the week, UMC’s stock price is moving 1.45% up while it is 0.43% when we observe its performance for the past one month. Year-to-date it is 8.01% up and over the past year, the stock is showing a downside performance of -10.01%.

The company is expected to be releasing its next quarterly report on 2025-Apr-23, for which analysts forecasted an EPS of 0.14 while estimate for next year EPS is 0.51. In next quarter, company is expected to be making quarterly sales of $64.35B as analysts are expecting the sales for current fiscal year at $248.81B and seeing the company making $267.61B in sales next year. Moreover, analysts are in estimates of $62.09B 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 6.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.34% and return on equity (ROE) at 11.65%. It has a price to earnings ratio (P/E ratio) of 12.87 while having a 11.51 of forward P/E ratio. Stock’s beta reads 1.05. Stock has a price to book (P/B) ratio of 1.50 while price to sale or P/S ratio amounts to 2.43. Its return on asset (ROA) is 7.85% on average.