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United Maritime Corporation (USEA): This Stock is set to Soar Above its Peers

United Maritime Corporation (USEA) is priced at $1.75 after the most recent trading session. At the very opening of the session, the stock price was $1.55 and reached a high price of $1.94, prior to closing the session it reached the value of $1.52. The stock touched a low price of $1.55.Recently in News on September 22, 2022, United Completes Stock Buyback of $3 million and Initiates Additional $3 million Stock Buyback Plan. United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it has completed the buyback of approximately 1.86 million shares, representing approximately 20% of the Company’s outstanding common shares, at an average price of $1.6095, fully utilizing its previously announced share buyback plan. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, United Maritime Corporation shares are logging -80.45% during the 52-week period from high price, and 118.75% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.80 and $8.95.

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The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 3991440 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the United Maritime Corporation (USEA) recorded performance in the market was -39.66%. At the time of this writing, the total market value of the company is set at 16.77M.

Specialists analysis on United Maritime Corporation (USEA)

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for USEA is recording 0.77 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.60.

Trends and Technical analysis: United Maritime Corporation (USEA)

Raw Stochastic average of United Maritime Corporation in the period of last 50 days is set at 10.48%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 77.65%. In the last 20 days, the company’s Stochastic %K was 64.55% and its Stochastic %D was recorded 63.15%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -39.66%. The shares increased approximately by -3.31% in the 7-day charts and went down by 11.46% in the period of the last 30 days.

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