Ultra Clean Holdings, Inc. (NASDAQ:UCTT) is among the top stocks that may remain in focus today as the company shares are trading 3.17% or 0.42 points lower from last closing price of $13.27, reaching $12.85 at last check. Any clue why there is so much of action in the UCTT stock? The share price has dropped in 3 of the last 5 days and is up 32.17% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -162,373 shares, and in total 171027 shares valued at $2.198 million were seen changing hands compared with 333400 shares valued at $4.424 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the UCTT stock is near its bottom.
Ultra Clean Holdings, Inc. (UCTT) shares have notched a 3-month gain of about 32.17%, but has still advanced 56.67% year to date. By comparison, the stock sank -23.52% over the past 12 months, while it slipped -2.93% over the 1 month. The company’s market cap is around $519.65M, with its short interest ratio standing at 12.96%.
In the current trading session for UCTT, the stock witnessed two major price actions, it rose to a high of $13.13 and was down as much as $12.73 at one point. The high recorded is very low when compared to their 52-week high which is $6.94. The 52-week high is now at -27.99 distance from current price. Their recent low of $17.79 represents a 84.58% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for UCTT is $17.3, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Ultra Clean Holdings, Inc. earned $0.37 per share in the trailing 12 months and has a P/E ratio of 34.73. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 22.41 and lower compared to the sector’s average of 980.64. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. UCTT also has P/S multiple of 0.48. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.42x.
The company recorded an interesting insider sale transaction by the SVP on May 17, 2019. A Securities and Exchanges Commission filings show that Joan Sterling sold a total of 38,384 UCTT shares that day for a sum of around $517,800. The filings show that the insider now retains 45,518 shares, currently worth $584,906. Ultra Clean Holdings, Inc. (UCTT) insiders have acquired 388,083 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 82,993 shares. In total, individual insiders traded 471,076 shares in the business, which makes up 68.079% of 691,952 shares that were traded over a year. In the past 12 months, insiders have purchased 450,504 shares while the seller parted with 241,448 shares.
UCTT‘s last price was up 13.26% as compared to the average trading price of 50 days recorded at $11.35 while enlarging the period to 200 trading days, the average closing price was $12.76. At present, there are 39.16 million in the total number of common shares owned by the public and among those 38.21 million shares have been available to trade. The percentage of shares being held by the company management was 3.1% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (2.9%). It managed to keep its gross profit margin at 16.5% over the past 12 months.
When assessing the full upside of the UCTT stock, there is another set of technicals that should be looked into and considered. Its -2.12% decline from moving average of $13.13 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.06 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Ultra Clean Holdings, Inc. — 6 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $19.7 on shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT), which corresponds to 53.19% upside potential than its current market price of $12.85 and implies potential despite the recent drop in the price. However, their current target price has fallen from $19.7 a month ago and is down handily from the consensus target of $20.75 a quarter ago.
In the last five years, the EPS of the company has been roughly 22.7%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 19.8 over the last five years. The company recently recorded a drop of -17.4%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards UCTT stock. Metropolitan Life Insurance Co NY trimmed position in the company after it dumped -16.3% or 12,953 shares of its common stock. The hedge fund now owns 10,842 shares worth $139,320, SEC documents show. Hotchkis & Wiley Capital Management LLC shored up assets in the stock as 337646.7 shares have been purchased, increasing its stake by 50% to 506,470 shares which are currently valued at $6,508,140. In addition, Ladenburg Thalmann Financial Services Inc. recently reported that it now owns 30,599 shares making a total of $393,197 based on the recent price. This refelects a change of -13.5% in their ownership.