Analysts Have Mixed Ratings On cbdMD Inc. (NYSE:YCBD), Ultra Clean Holdings Inc. (NASDAQ:UCTT)

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $5.07. The price of the stock the last time has raised by 83.03% from its 52-Week high price while it is -87.31% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 53.12.

The shares of the company added by 17.79% during the trading session on Wednesday, reaching a low of $0.79 while ending the day at $0.92. During the trading session, a total of 1.01 million shares were traded which represents a -10.73% decline from the average session volume which is 912720.0 shares. YCBD had ended its last session trading at $0.78. cbdMD Inc. debt-to-equity ratio currently stands at 0.01, while its quick ratio hovers at 1.70 YCBD 52-week low price stands at $0.50 while its 52-week high price is $7.24.

The cbdMD Inc. generated 3.66 million in revenue during the last quarter.

Investment analysts at Cowen published a research note on February 20, 2020 where it informed investors and clients that Ultra Clean Holdings Inc. (NASDAQ:UCTT) is now rated as Market Perform. Their price target on the stock stands at $25. Even though the stock has been trading at $14.52/share, analysts expect it to surge by 9.85% to reach $29.40/share. It started the day trading at $16.615 and traded between $13.68 and $15.95 throughout the trading session.

A look at its technical shows that UCTT’s 50-day SMA is 21.53 while its 200-day SMA stands at 18.11. The stock has a high of $30.00 for the year while the low is $10.14. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 3.25 M shorted shares, the short percentage went higher by 1.75%, as 3.31M YCBD shares were shorted. At the moment, only 8.39% of Ultra Clean Holdings Inc. shares were sold short. The company’s average trading volume currently stands at 526.91K shares, which means that the short-interest ratio is just 6.17 days. Over the past seven days, the company moved, with its shift of 13.77%. Looking further, the stock has dropped -33.26% over the past 90 days while it lost -0.62% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more UCTT shares, increasing its portfolio by 1.37% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 76,824 shares in the last quarter, thus it now holds 5,688,668 shares of UCTT, with a total valuation of $118,950,048. Dimensional Fund Advisors LP meanwhile sold more UCTT shares in the recently filed quarter, changing its stake to $68,459,215 worth of shares.

Similarly, The Vanguard Group, Inc. increased its Ultra Clean Holdings Inc. shares by 1.22% during the recently filed quarter. After buying 2,624,425 shares in the last quarter, the firm now controls 31,692 shares of Ultra Clean Holdings Inc. which are valued at $54,876,727. In the same vein, Frontier Capital Management Co. L… increased its Ultra Clean Holdings Inc. shares by during the most recent reported quarter. The firm sold 437,323 shares during the quarter which increased its stakes to 1,871,171 shares and is now valued at $39,126,186. Following these latest developments, around 2.30% of Ultra Clean Holdings Inc. stocks are owned by institutional investors and hedge funds.