UFI Stock Summary and Trading Ideas (Unifi New | NYSE:UFI)

Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.

Unifi New trades on the NYSE stock market under the symbol UFI.

As of April 19, 2024, UFI stock price declined to $5.54 with 69,711 million shares trading.

UFI has a beta of 1.18, meaning it tends to be more sensitive to market movements. UFI has a correlation of 0.11 to the broad based SPY ETF.

UFI has a market cap of $100.60 million. This is considered a Micro Cap stock.

Last quarter Unifi New reported $137 million in Revenue and -$.81 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.04.

In the last 3 years, UFI stock traded as high as $29.44 and as low as $5.54.

The top ETF exchange traded funds that UFI belongs to (by Net Assets): VTI, VXF, DFAT, PRFZ, AVUV.

UFI has underperformed the market in the last year with a price return of -29.7% while the SPY ETF gained +21.2%. UFI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.4% and -5.1%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

UFI support price is $5.48 and resistance is $5.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UFI stock will trade within this expected range on the day.