While Ultra Clean Hldgs Inc has underperformed by -8.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UCTT rose by 40.87%, with highs and lows ranging from $56.47 to $22.15, whereas the simple moving average fell by -10.88% in the last 200 days.
On September 25, 2024, Oppenheimer started tracking Ultra Clean Hldgs Inc (NASDAQ: UCTT) recommending Outperform. A report published by TD Cowen on July 26, 2024, Reiterated its previous ‘Buy’ rating for UCTT. TD Cowen also reiterated UCTT shares as ‘Buy’, quoting a target price of $55 on the company’s shares in a report dated May 07, 2024. TD Cowen Reiterated the rating as Outperform on February 22, 2024, but set its price target from $32 to $47. Needham resumed its ‘Buy’ rating for UCTT, as published in its report on August 25, 2023. Craig Hallum’s report from July 28, 2023 suggests a price prediction of $60 for UCTT shares, giving the stock a ‘Buy’ rating. Craig Hallum also rated the stock as ‘Hold’.
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Analysis of Ultra Clean Hldgs Inc (UCTT)
Further, the quarter-over-quarter increase in sales is 22.44%, showing a positive trend in the upcoming months.
One of the most important indicators of Ultra Clean Hldgs Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.01% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and UCTT is recording 460.06K average volume. On a monthly basis, the volatility of the stock is set at 4.71%, whereas on a weekly basis, it is put at 5.20%, with a loss of -2.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $60.00, showing growth from the present price of $37.40, which can serve as yet another indication of whether UCTT is worth investing in or should be passed over.
How Do You Analyze Ultra Clean Hldgs Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.61%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.12% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UCTT shares are owned by institutional investors to the tune of 96.12% at present.
