Stay Ahead of Wall Street. Find out what is happening to Ultra Clean Holdings, Inc. (NASDAQ:UCTT) stock today? Its price is jumping 1.12 points, trading at $25.43 levels, and is up 4.61% from its previous close of $24.31. The shares seem to have an active trading volume day with a reported 207723 contracts so far this session. UCTT shares had a relatively better volume day versus average trading capacity of 555.96 thousand shares, but with a 38.69 million float and a 8.92% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for UCTT stock indicates that the average analyst price target is $22.1 per share. This means the stock has a potential decrease of -13.09% from where the UCTT share price has been trading recently.
During the recent trading session for Ultra Clean Holdings, Inc. (NASDAQ:UCTT), the company witnessed their stock rise $3.21 over a week and surge $2.48 from the price 20 days ago. When compared to their established 52-week high of $25.55, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/16/20. The recent low of $9.07 stood for a -0.35% since 01/23/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.19 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Ultra Clean Holdings, Inc., the two-week RSI stands at 62.76. This figure suggests that UCTT stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current UCTT readings is similarly very revealing as it has a stochastic reading of 88.78% at this stage. This figure means that UCTT share price today is being oversold.
Technical chart claims that Ultra Clean Holdings, Inc. (UCTT) would settle between $25.24/share to $26.18/share level. However, if the stock price goes below the $23.55 mark, then the market for Ultra Clean Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $22.8 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.96. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Stifel lowered their recommendation on shares of UCTT from Buy to Hold in their opinion released on November 18. Standpoint Research analysts have lowered their rating of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) stock from Buy to Hold in a separate flash note issued to investors on November 01. Analysts at Cowen lowered the stock to a Market Perform call from its previous Outperform recommendation, in a research note that dated back to September 25.
UCTT equity has an average rating of 2.6, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Ultra Clean Holdings, Inc. (NASDAQ:UCTT) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, UCTT stock price is currently trading at 19.11X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 31.8. Ultra Clean Holdings, Inc. current P/B ratio of 2.2 means it is trading at a discount against its industry’s 7.4.
Ultra Clean Holdings, Inc. (UCTT)’s current-quarter revenues are projected to climb by nearly 4.7% to hit $269570, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -4.3% from $1.1 billion to a noteworthy $1.05 billion. At the other end of the current quarter income statement, Ultra Clean Holdings, Inc. is expected to see its adjusted earnings surge by roughly 8.7% to hit $0.25 per share. For the fiscal year, UCTT’s earnings are projected to climb by roughly -47.6% to hit $0.87 per share.