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Macquarie announced it was Downgrade coverage of United Microelectronics Corporation in a research note on June 10, 2020. The analysts assigned a Neutral rating to the stock. JP Morgan rated the stock as an Underweight in a research noted published on March 12, 2020. Jefferies rated the stock as a Buy in a research note published on February 06, 2020.
UMC Recent Trade
The share price of UMC descended by -$0.21 during the exchanging session on 07/28/20 to exchange at $3.66. United Microelectronics Corporation stock has an exchanging volume of 4.7 million shares, which is high, contrasted with its 3-months average volume of 1.15M shares. Its market capitalization has now reached to $8.76B and analysts have a consensus target price of $2.68 in the 12-month period.
UMC Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, UMC price has rose by 26.64%. In the course of past three months sees the stock go up around 47.58%, while it has gain 44.09% over the past six months and 36.57% since the start of the year.
UMC Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Jun 2020), the firm recorded a revenue of 42.27 billion, which was higher than the gauge of 1.46B made by certain experts. For that equivalent quarter, United Microelectronics Corporation posted $0.03 earnings per share (EPS) which was underneath the consensus estimate of $0.04 by -$0.01, which represents to a reduction by -25.00%.
UMC Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on United Microelectronics Corporation has seen its stock exchanging -10.73% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +53.14% above its three-month low. A more extensive look sees UMC exchanging -10.73% beneath its 52-week high and 83.92% above from its 52-week low price.
UMC Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 8.82%, while it has a month to month instability of 3.64%. The company has an ATR (Average True Range) of 0.17 and a beta factor of 0.99.