United Maritime Corporation [USEA] is -39.66% lower this YTD. Is it still time to buy?
United Maritime Corporation [NASDAQ: USEA] The trading session closed at $1.75 on 09/22/22. Today’s price range witnessed that the stock recorded a low of $1.55, while the highest price was $1.94. Company report on September 22 2022 United completes $3 million share buyback and initiates additional $3 million share buyback plan.
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United Maritime Corporation (“the Company” or “United”) (NASDAQ: USEA), announced today that it has completed the buyback of approximately 1.86 million shares, representing approximately 20% of the company’s outstanding common stock, at an average price of $1.6095 . , taking full advantage of the previously announced share repurchase plan.
In addition, the Company’s Board of Directors has approved an additional share buyback plan (the “Scheme”), in which up to an additional $3 million of its outstanding common stock can be repurchased on the open market. This plan represents up to an additional 26% of United’s market value as of September 21, 2022.
If compared to the average trading volume of 5.48 million shares, USEA reached a volume of 399,144 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market gurus are saying about United Maritime Corporation [USEA]:
The Average True Range (ATR) for the United Maritime Corporation is set at 0.17, with the price-to-sales ratio for USEA inventory in the past twelve months being 2.27. USEA’s free cash flow rate for the past 12 months is at 4.66 with a Q4 fast ratio of 0.40.
USEA stock trading performance evaluation
United Maritime Corporation [USEA] It fell into the red at the end of last week, fell in a negative direction and fell by -3.31.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current US stock RSI for the last two weeks was set at 51.75, with the RSI for the last one traded at 57.78, and the three-week RSI was set at 49.14 for United Maritime Corporation [USEA]. The current moving average for the last 50 trading days for this stock is 1.8936 while it recorded at 1.6040 for the last trading week.
United Maritime Corporation [USEA]: Insight into the basic fundamentals
The United Maritime Corporation’s liquidity data is also interesting, with a quick ratio of 0.40 and a current ratio set at 0.50.
United Maritime Corporation [USEA]: Insiders ownership positions
1 Enterprise owners have increased their position in the United Maritime Company [NASDAQ:USEA] About 406 shares. In addition, 34 investors decreased their positions by 70,850 shares, while 0 investors held positions by 70,850 shares. The said changes put institutional holdings at 406 shares, according to the latest report from the Securities and Exchange Commission. The USA stock had one new institutional investment for a total of 406 shares, while 34 institutional investors sold deals totaling 70,850 shares during the same period.