While Ultra Clean Hldgs Inc has underperformed by -1.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UCTT fell by -42.02%, with highs and lows ranging from $56.47 to $22.40, whereas the simple moving average fell by -35.21% in the last 200 days.
On October 29, 2024, Needham Reiterated Ultra Clean Hldgs Inc (NASDAQ: UCTT) to Buy. A report published by Oppenheimer on September 25, 2024, Initiated its previous ‘Outperform’ rating for UCTT. TD Cowen also reiterated UCTT shares as ‘Buy’, quoting a target price of $60 on the company’s shares in a report dated July 26, 2024. TD Cowen Reiterated the rating as Buy on May 07, 2024, but set its price target from $47 to $55. TD Cowen resumed its ‘Outperform’ rating for UCTT, as published in its report on February 22, 2024. Needham’s report from August 25, 2023 suggests a price prediction of $45 for UCTT shares, giving the stock a ‘Buy’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of Ultra Clean Hldgs Inc (UCTT)
Further, the quarter-over-quarter increase in sales is 26.64%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ultra Clean Hldgs Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 2.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.76, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and UCTT is recording an average volume of 472.30K. On a monthly basis, the volatility of the stock is set at 5.88%, whereas on a weekly basis, it is put at 4.22%, with a gain of 8.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.00, showing growth from the present price of $24.91, 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?
Ultra Clean Hldgs Inc (UCTT) is based in the USA and is one of the most prominent companies operating in the Semiconductor Equipment & Materials market. When comparing Ultra Clean Hldgs Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 48.10, there is a growth in quarterly earnings of 522.35%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 2.77%. 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 92.85% 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 92.85% at present.
