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 14.27M but it saw 9747018 shares traded in last market. With a market cap of 20.22B USD, the company’s current market price of $8.05 came rising about 2.55 while comparing to the previous closing price of $7.85. 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.

Over the week, UMC’s stock price is moving 4.01% up while it is 18.38% when we observe its performance for the past one month. Year-to-date it is 24.04% up and over the past year, the stock is showing a downside performance of -1.59%.

The company is expected to be releasing its next quarterly report in June, 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 6.40% 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 14.78 while having a 13.10 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 1.72 while price to sale or P/S ratio amounts to 2.79. Its return on asset (ROA) is 7.85% on average.