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Stock Charts AI Power Rank: 3.1
Power Rank trend -> Rising
12/04/2024 10:30:00 EST
UWM Holdings Corp (UWMC)
Industry: Mortgage Finance
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, UWMC has been trading in a range between $6.63 and $5.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
UWM Holdings Corp $UWMC entered a Red zone 51 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $5.89, a potential down side of -9.94% from the recent price of 6.54. The stock is trading 47.25% (potential upside) below its 52 week high of $9.63 and 23.4 % (potential downside) above its 52 week low of $5.30 - based on the recent price.
Company Summary
UWM Holdings Corporation engages in the residential mortgage lending business in the United States The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans.
News
| United Wholesale Mortgage CEO talks mortgage refinancing demand Mat Ishbia, United Wholesale Mortgage CEO, joins 'Closing Bell Overtime' to talk mortgage rates, refinancing demand, and more. Source: CNBC Television Mon, 25 Nov 2024 17:51:43 -0500 Sentiment: Neutral |
| UWM Holdings Corporation (UWMC) Q3 2024 Earnings Call Transcript UWM Holdings Corporation (NYSE:UWMC ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Blake Kolo - Chief Business Officer & Head, Investor Relations Mathew Ishbia - Chairman & Chief Executive Officer Andrew Hubacker - Chief Financial Officer Conference Call Participants Derek Sommers – Jefferies Bose George – KBW Eric Hagen – BTIG Jeffrey Adelson - Morgan Stanley Terry Ma – Barclays Brad Capuzzi - Piper Sandler Doug Harter – UBS Douglas Harter – UBS Jordan Jay - Philly Financial Operator Good morning. My name is Christina and I will be your conference operator today. Source: Seeking Alpha Thu, 07 Nov 2024 11:53:27 -0500 Sentiment: Neutral |
| UWM (UWMC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for UWM (UWMC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Source: Zacks Investment Research Thu, 07 Nov 2024 11:00:27 -0500 Sentiment: Neutral |
| UWM Holdings Corporation (UWMC) Q3 Earnings Lag Estimates UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.29 per share a year ago. Source: Zacks Investment Research Thu, 07 Nov 2024 10:40:22 -0500 Sentiment: Negative |
| UWM Holdings Corporation Announces Third Quarter 2024 Results PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the third quarter ended September 30, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain. Source: Business Wire Thu, 07 Nov 2024 08:30:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 9.6308 52 Week Low: 5.3076 Beta: 1.717 50 Day MA: 6.9384 200 Day MA: 7.3301 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.625 Qtr Revenue Growth YOY: 0.665 Forward PE: 17.6991 Trailing PE: 0