Craig Hallum raised the price target for the Ultra Clean Holdings Inc. (NASDAQ:UCTT) stock from “a Buy” to “a Hold”. The rating was released on January 10, 2023, according to finviz. We previously noted in another research note published on April 12, 2021 by Needham that reiterated the stock to a Buy with a price target of $66 for UCTT stock. The research report from Cowen has reiterated the stock to Outperform, with a price target set at $57. The stock was upgraded by Cowen, who disclosed in a research note on January 29, 2021, from Market Perform to Outperform and set the price objective to $48. In their research brief published October 16, 2020, DA Davidson analysts initiated the Ultra Clean Holdings Inc. stock to Buy with a price target of $35.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Ultra Clean Holdings Inc. (NASDAQ:UCTT) dipped -0.03% to close Friday’s market session at $31.01, lower as compared to yesterday’s close. The stock price fluctuated between $30.70 and $31.40 throughout the trading session with the volume trading being 806071 shares, which represented a significant variation when compared to the three months average volume of 308.20K shares. The firm’s stock price fluctuated 3.57% within the last five trades and -16.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 12.93% in the last 6 months and -16.08% was subtracted to its value over the previous 3 months. UCTT stock is trading at a margin of -2.48%, -7.33% and -2.38% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
As of the close of trading, UCTT deals in the Technology domain. The stock is trading -31.87 percent below its 52-week high and 32.98 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -24.86. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ultra Clean Holdings Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 5.10 percent and the profit margin is 1.70 percent, and the company has reported a gross margin of 19.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.44 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ultra Clean Holdings Inc. (NASDAQ:UCTT) is 35.24. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.13. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.61 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.58, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.70 percent of Ultra Clean Holdings Inc. shares are owned by insiders, and 87.30 percent are held by financial institutions. Savage Sheri, the CFO at Ultra Clean Holdings Inc. (UCTT) has sold 8,071 shares of firm on Mar 01 at a price of $32.30 against the total amount of $0.26 million. In another inside trade, Chinnasami Vijayan S., Chief Operating Officer of Ultra Clean Holdings Inc. (NASDAQ:UCTT) sold 5,000 shares of the firm on Nov 11 for a total worth of $0.18 million at a price of $35.08. An inside trade which took place on Nov 11, SVP, Global Human Resources of Ultra Clean Holdings Inc. Palfrey Jamie J. sold 1,151 shares of firm against total price of $39986.0 at the cost of $34.74 per share.