Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate UWM Holdings Corp before investing.

In this article, we go over a few key elements for understanding UWM Holdings Corp’s stock price such as:

• UWM Holdings Corp’s current stock price and volume
• Why UWM Holdings Corp’s stock price changed recently
• Upgrades and downgrades for UWMC from analysts
• UWMC’s stock price momentum as measured by its relative strength

About UWM Holdings Corp (UWMC)

Before we jump into UWM Holdings Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

UWM Holdings Corporation is a residential mortgage lender in the United States, by closed loan volume, despite originating loans through the wholesale channel. It originates primarily conforming and government loans across all 50 states and the District of Columbia. The Company is focused on the wholesale channel and has resulted in relationships with over 13,000 independent broker businesses throughout the United States, with over 53,000 associated loan officers, of which approximately 35,000 have submitted a loan to the Company. It also focuses primarily on originating conventional, agency-eligible loans that can be sold to Fannie Mae, Freddie Mac or transferred to Ginnie Mae pools for sale in the secondary market. Utilizing its proprietary system, Easiest Application System Ever (EASE), it is focused on client service, and loan quality throughout the entire loan origination, underwriting and closing processes.

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UWM Holdings Corp’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, UWM Holdings Corp’s stock price was $7.26.

UWM Holdings Corp is up 4.46% from its previous closing price of $6.95.

During the last market session, UWM Holdings Corp’s stock traded between $6.92 and $7.08. Currently, there are 94.37 million shares of UWM Holdings Corp stock available for purchase.

UWM Holdings Corp’s price-earnings (P/E) ratio is currently at 161.6, which is high compared to the Consumer Lending industry median of 9.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

UWM Holdings Corp Stock Price History

UWM Holdings Corp’s (UWMC) price is currently up 15.24% so far this month.

During the month of May, UWM Holdings Corp’s stock price has reached a high of $7.62 and a low of $6.30.

Over the last year, UWM Holdings Corp has hit prices as high as $7.75 and as low as $4.49. Year to date, UWM Holdings Corp’s stock is up 119.34%.

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What Caused UWM Holdings Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 8 analysts who downgraded UWM Holdings Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate UWM Holdings Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on UWM Holdings Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

UWM Holdings Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about UWM Holdings Corp (UWMC) by visiting AAII Stock Evaluator.

Relative Price Strength of UWM Holdings Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, UWM Holdings Corp has a weighted four-quarter relative price strength of 2.58%, which translates to a Momentum Score of 75 and is considered to be Strong.

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UWM Holdings Corp Stock Price: Bottom Line

As of May 24, 2024, UWM Holdings Corp’s stock price is $7.26, which is up 4.46% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like UWM Holdings Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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