UTStarcom (UTSI) Stock Forecast, Price & News

UTStarcom's stock was trading at $3.55 on January 1st, 2023. Since then, UTSI stock has increased by 9.6% and is now trading at $3.89.
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UTStarcom saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,100 shares, an increase of 162.5% from the April 30th total of 800 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.1% of the company's stock are sold short.
View UTStarcom's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, June 23rd 2023.
View our UTSI earnings forecast.

UTStarcom Holdings Corp. (NASDAQ:UTSI) released its quarterly earnings data on Friday, March, 27th. The Wireless communications provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by $0.28. The Wireless communications provider earned $14.18 million during the quarter, compared to analysts' expectations of $13.50 million.

UTStarcom shares reverse split on the morning of Wednesday, June 29th 2022. The 1-4 reverse split was announced on Wednesday, June 29th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, June 29th 2022. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

6 employees have rated UTStarcom Chief Executive Officer William Wong on Glassdoor.com. William Wong has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other UTStarcom investors own include Corbus Pharmaceuticals (CRBP), Visa (V), Fortive (FTV), Lowe's Companies (LOW), Advanced Micro Devices (AMD), HP (HPQ), Inovio Pharmaceuticals (INO), Sierra Oncology (SRRA), Viveve Medical (VIVE) and Ampio Pharmaceuticals (AMPE).

UTStarcom trades on the NASDAQ under the ticker symbol "UTSI."

UTStarcom's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.37%) and Susquehanna International Group LLP (0.16%).
View institutional ownership trends.

Shares of UTSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UTSI stock can currently be purchased for approximately $3.89.

UTStarcom (NASDAQ:UTSI) has a market capitalization of $36.29 million and generates $14.02 million in revenue each year.

The company employs 299 workers across the globe.

UTStarcom's mailing address is 4th Floor South Wing 368 Liuhe Road, Hangzhou F4, 310053. The official website for the company is www.utstar.com. The Wireless communications provider can be reached via phone at 8657181928888, via email at ir@utstar.com, or via fax at 86-571-8192-0123.