UFPT Stock Summary and Trading Ideas (Ufp Techs | NASDAQ:UFPT)

UFP Technologies Inc is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics for the medical market. The company manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. It is an important link in the medical device supply chain and a valued outsource partner to many of the top medical device manufacturers in the world. The company's single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

Ufp Techs trades on the NASDAQ stock market under the symbol UFPT.

As of April 18, 2024, UFPT stock price declined to $217.74 with 38,241 million shares trading.

UFPT has a beta of 1.40, meaning it tends to be more sensitive to market movements. UFPT has a correlation of 0.13 to the broad based SPY ETF.

UFPT has a market cap of $1.66 billion. This is considered a Small Cap stock.

Last quarter Ufp Techs reported $101 million in Revenue and $1.51 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.38.

In the last 3 years, UFPT stock traded as high as $257.29 and as low as $49.21.

The top ETF exchange traded funds that UFPT belongs to (by Net Assets): IJR, VTI, IWM, VXF, IJT.

UFPT has outperformed the market in the last year with a return of +59.1%, while the SPY ETF gained +22.2%. In the last 3 month period, UFPT beat the market returning +35.5%, while SPY returned +5.2%. However, in the most recent 2 weeks UFPT has underperformed the stock market by returning -13.0%, while SPY returned -2.6%.

UFPT support price is $218.77 and resistance is $232.49 (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 UFPT stock will trade within this expected range on the day.