With over 0.32 million Universal Technical Institute Inc (UTI) shares trading Friday and a closing price of $13.05 on the day, the dollar volume was approximately $4.2 million. The shares have shown a positive half year performance of 89.40% and its price on 01/12/24 gained nearly 4.15%. Currently, there are 34.08M common shares owned by the public and among those 32.43M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for UTI have a consensus price objective of $14.20. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $12.00. The average price target is 8.1% above its recent price level and a downside to the estimated low will see the stock lose -8.75% over that period. But an upside of 18.44% will see the stock hit the forecast high price target while median target price for the stock is $14.00.
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Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 12,648,177 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 9,698 shares.
Shares of Universal Technical Institute Inc (NYSE: UTI) opened at $12.56, up $0.03 from a prior closing price of $12.53. However, the script later moved the day high at 13.13, up 4.15%. The company’s stock has a 5-day price change of 1.48% and 51.04% over the past three months. UTI shares are trading 4.23% year to date (YTD), with the 12-month market performance up to 91.07% higher. It has a 12-month low price of $5.63 and touched a high of $13.28 over the same period. UTI has an average intraday trading volume of 214.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.04%, 15.65%, and 55.72% respectively.
Institutional ownership of Universal Technical Institute Inc (NYSE: UTI) shares accounts for 112.30% of the company’s 34.08M shares outstanding.
It has a market capitalization of $444.61M and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 117.67, while the earnings-per-share (ttm) stands at $0.11. The company has a PEG of 7.84 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.33% over the week and 4.26% over the month.
Analysts forecast that Universal Technical Institute Inc (UTI) will achieve an EPS of $0.04 for the current quarter, $0.13 for the next quarter and $0.75 for 2025. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to increase by 366.15%, and 26.51% over the next financial year.
Looking at the support for the UTI, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $16.
