UWM's share price had recently sunk below the original $10 per share SPAC price, declining by as much as half from its peak immediately after the merger announcement. Fears of rising mortgage rates could have been partially to blame, as the company relies on independent brokers using its services to lend money.
Should you buy UWM holdings (UWM) stock?
Currently, the forward annual dividend yield for UWMC stock is 5.34%, which ought to appeal to income-focused investors. With all of that positive data in mind, it’s tough to make sense of the persistently low price in UWM Holdings shares.
Are investors shorting UWM?
Are investors shorting UWM? UWM saw a increase in short interest in the month of November. As of November 30th, there was short interest totaling 13,850,000 shares, an increase of 50.1% from the November 15th total of 9,230,000 shares.
Is the market unfairly punishing UWM holdings?
It’s possible that the market’s love affair with SPACs is fading. Trends come and go, and perhaps the market is unfairly punishing UWM Holdings, which, after all, was hyped as being part of the biggest SPAC deal ever. So, there’s my best guess as to why UWMC stock is probably trading below its fair value.
When is uwm's next quarterly earnings announcement?
UWM is scheduled to release its next quarterly earnings announcement on Tuesday, February 8th 2022. View our earnings forecast for UWM. How were UWM's earnings last quarter?
Why is United Wholesale Mortgage stock down?
Both UWM and Rocket saw their stocks plunge ahead of their earnings reports amid a broader slowdown for U.S. home mortgage lenders due to rising mortgage rates and a decline in refinance applications.
Is UWM stock a buy?
Valuation metrics show that UWM Holdings Corporation may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of UWMC, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Will UWMC stock recover?
On average, Wall Street analysts predict that UWM HOLDINGS's share price could reach $6.00 by May 26, 2023. The average UWM HOLDINGS stock price prediction forecasts a potential upside of 45.99% from the current UWMC share price of $4.11.
Will UWMC go up?
UWM Holdings Corp (NYSE:UWMC) The 10 analysts offering 12-month price forecasts for UWM Holdings Corp have a median target of 4.00, with a high estimate of 5.00 and a low estimate of 3.00. The median estimate represents a +13.96% increase from the last price of 3.51.
What does UWM Holding Corp do?
UWM Holdings Corp. operates as a wholesale mortgage lender. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions.
Is UWMC being shorted?
What is UWM's current short interest? Short interest is the volume of UWM shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 20,420,000 shares of UWMC short. 24.84% of UWM's shares are currently sold short.
Is UWMC a short squeeze?
High short interest and stock loan fee According to Ortex, 15% of UWMC's float was shorted, as per the latest estimate — see below. Such high numbers raise the possibility of a short squeeze, especially as UWMC stock has a small float of around 97 million shares and daily traded volume of only about 3 million.
Is UWMC a buy or sell?
Today UWMC ranks #1119 as buy candidate.
Is Qrtea a good stock to buy?
Qurate Retail Inc (NASDAQ:QRTEA) The 3 analysts offering 12-month price forecasts for Qurate Retail Inc have a median target of 4.20, with a high estimate of 5.00 and a low estimate of 4.00. The median estimate represents a +22.45% increase from the last price of 3.43.
What type of stock is UWMC?
UWM Holdings Corporation Class A Common Stock (UWMC)
Is UWM a buy right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for UWM in the last twelve months. There are currently 1 sell rating, 9 hold...
When is UWM's next earnings date?
UWM is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for UWM .
How were UWM's earnings last quarter?
UWM Holdings Co. (NYSE:UWMC) issued its quarterly earnings data on Tuesday, May, 10th. The company reported $0.22 earnings per share for the quarte...
How often does UWM pay dividends? What is the dividend yield for UWM?
UWM announced a quarterly dividend on Tuesday, May 10th. Shareholders of record on Tuesday, June 21st will be given a dividend of $0.10 per share o...
Is UWM a good dividend stock?
UWM pays an annual dividend of $0.40 per share and currently has a dividend yield of 9.73%. UWMC has a dividend yield higher than 75% of all divide...
What price target have analysts set for UWMC?
11 equities research analysts have issued 12 month price targets for UWM's shares. Their forecasts range from $3.00 to $8.50. On average, they expe...
Who are UWM's key executives?
UWM's management team includes the following people: Mr. Mathew R. Ishbia , Chairman, Pres & CEO (Age 42, Pay $7.24M) Mr. Timothy Forrester , E...
Who are some of UWM's key competitors?
Some companies that are related to UWM include Home Point Capital (HMPT) , Ocwen Financial (OCN) , Finance Of America Companies (FOA) , Farmhou...
What is UWM's stock symbol?
UWM trades on the New York Stock Exchange (NYSE) under the ticker symbol "UWMC."
About UWM
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
UWM (NYSE:UWMC) Frequently Asked Questions
9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for UWM in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UWM stock.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, February 23, 2022, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices.
Support, Risk & Stop-loss
UWM Holdings Corporation Class finds support from accumulated volume at $4.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is UWM Holdings Corporation Class stock A Buy?
UWM Holdings Corporation Class holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are neutral buying more shares than they are selling in UWM Holdings Corporation Class
In the last 48 trades there were 32.25 million shares bought and 18.74 million shares sold. The last trade was done 24 days ago by Wilner Melinda who sold 20.05 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
How much is the UWM mortgage market in 2020?
Based on its origination number, the total wholesale mortgage market in 2020 would be $537 billion. Assuming it grows 5% each year for the next five, at the end of 2026, the total wholesale channel would be an estimated $685 billion.
How much will UWM make in 2021?
Even with this drop in profit, analysts expect UWM to make 68 cents in 2021 and 86 cents in 2022.
What was the UWM 2021 first quarter?
The standout number from UWM’s 2021 first-quarter results released on May 10 was the 14-cent miss in earnings. The $80 million miss on the top line isn’t anything to stew about. The $1.19 billion in revenue was less than 10% off the analyst number. Any number of things could account for the discrepancy.
Is UWM selling calls?
There are no sell calls. In its Q1 2021 conference call, CEO Mat Ishbia stated that UWM would look at potential acquisitions to grow market share. Ultimately, though, he felt the company could achieve the same goal by investing in its platform, using strategies like better pricing or attracting more brokers.
How much is UWMC stock worth in 2021?
However, UWMC stock actually went significantly below $10. In fact, at the close of the markets on April 16, 2021, the stock settled at $7.49. That’s brutal for folks who bought and held the stock, expecting long-term growth.
How much is UWM production in 2020?
As for full-year 2020, UWM Holdings’ originations production came to $182.5 billion. That’s a company record, as well as a 69% increase over the company’s prior record production for 2019 of $107.8 billion. Plus, UWM Holdings remains a generous dividend payer.
When will UWM go public?
On Sept. 23, 2020, UWM Holdings announced that it would go public through a reverse merger with special purpose acquisition company (SPAC) Gores Holdings IV. This deal, valued at a whopping $16.1 billion, was the biggest SPAC deal ever at that time. And yet, somehow, UWMC (previously GHIV) stock has managed to drop below its pre-merger-announcement ...
Is UWM a rival to Rocket Mortgage?
The company’s most notable rival is Rocket Mortgage, which is part of Rocket Companies (NYSE: RKT ). On Sept. 23, 2020, UWM Holdings announced that it would go public through a reverse merger with special purpose ...
Why is UWM stock appreciated?
While the prevailing outlook for the mortgage market appears less than superb, some investors could believe those concerns are overblown, and that there will be a few good years of activity before interest rates increase. They could also foresee a strong period ahead for the purchase mortgage market.
Will the mortgage market peak in 2020?
But after an explosive year for mortgages in 2020, some think the mortgage market may have peaked, especially as inflation concerns could lead to the Fed beginning to boost its benchmark interest rates sooner than had been expected.