UTSI Stock Summary and Trading Ideas (Utstarcom Holdings - | NASDAQ:UTSI)

UTStarcom Holdings Corp operates as a telecom infrastructure provider. It develops technology for bandwidth from cloud-based services, mobile, streaming, and other applications. The range of solutions is designed to expand and modernize telecommunications networks through smooth network system integration, lower operating costs, and increased broadband access. The business activity of the firm is operated through the Equipment and Service segment. The Equipment segment is focused on equipment sales, including network infrastructure and application products, and the Service segment is engaged in providing services and support of equipment products and also the new operational support. The company operates in China, India, Japan, Taiwan, and other countries.

Utstarcom Holdings - trades on the NASDAQ stock market under the symbol UTSI.

As of April 17, 2024, UTSI stock price climbed to $2.66 with 2,421 million shares trading.

UTSI has a market cap of $24.03 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, UTSI stock traded as high as $8.00 and as low as $2.40.

UTSI has underperformed the market in the last year with a return of -34.2%, while the SPY ETF gained +23.0%. In the last 3 month period, UTSI fell short of the market, returning -11.6%, while SPY returned +5.7%. However, in the most recent 2 weeks UTSI has outperformed the stock market by returning +2.7%, while SPY returned -3.5%.

UTSI support price is $2.40 and resistance is $2.90 (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 UTSI stock will trade within this expected range on the day.