USM Stock Summary and Trading Ideas (United States Cellular | NYSE:USM)

U.S. Cellular is a regional wireless carrier that serves about 4.5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.

United States Cellular trades on the NYSE stock market under the symbol USM.

As of April 19, 2024, USM stock price climbed to $35.55 with 263,263 million shares trading.

USM has a beta of -0.45, meaning it tends to be less sensitive to market movements. USM has a correlation of 0.00 to the broad based SPY ETF.

USM has a market cap of $3.02 billion. This is considered a Mid Cap stock.

Last quarter United States Cellular reported $1 billion in Revenue and $.16 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.12.

In the last 3 years, USM stock traded as high as $48.47 and as low as $13.79.

The top ETF exchange traded funds that USM belongs to (by Net Assets): VTI, VB, AVUV, DFAT, VBR.

USM has outperformed the market in the last year with a price return of +62.1% while the SPY ETF gained +21.2%. However, in the short term, USM had mixed performance relative to the market. It has underperformed in the last 3 months, returning -17.3% vs +4.3% return in SPY. But in the last 2 weeks, USM shares have fared better than the market returning -1.3% compared to SPY -3.5%.

USM support price is $33.78 and resistance is $35.50 (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 USM stock will trade within this expected range on the day.