AI Boom Predicted to Propel Universal Technical Institute Inc.’s Stocks in 2023

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AI Boom Predicted to Propel Universal Technical Institute Inc.’s Stocks in 2023

The artificial intelligence (AI) industry is experiencing a boom that is set to revolutionize the world as we know it. According to a recent report by Grand View Research, the global AI market is expected to grow from $137 billion in 2022 to a staggering $1.81 trillion by 2030. As investors are always on the lookout for the hottest stocks, here are the top five AI stocks to consider for 2023.

Universal Technical Institute Inc. (UTI) is one such stock that is poised for significant growth. The company, which operates in the Consumer Defensive sector, has shown consistent sales growth of 15.35% over the past decade. Moreover, its earnings per share (EPS) for this year is an impressive 317.31%.

UTI currently has a market capitalization of $383.29 million, with shares outstanding amounting to $34.08 million. The company’s 50-day moving average stands at $8.70, while the 200-day moving average is $7.51.

In terms of efficiency, UTI employs 1,950 workers and has generated $214,751 per employee in the last fiscal year. The stock boasts a receivables turnover of 18.70 and a total asset turnover of 0.72. Its profitability is also notable, with a gross margin of +50.23, operating margin of +6.75, and pretax margin of +4.88.

When it comes to ownership, UTI has 4.15% insider ownership and 77.52% institutional ownership. Recent insider trades have had a significant impact on the company’s ownership, with a director selling 7,599 shares and a director buying 262,658 shares. Currently, the same insider holds a total of 928,961 shares.

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UTI recently released its quarterly report, exceeding the consensus estimate by reporting an earnings per share of $0.1 compared to an expected $0.06. The company achieved a net margin of +4.30 and a return on equity of 8.91. Market experts predict earnings of $0.13 per share for the next fiscal year.

The company’s EPS for the current 12-month period has increased by 317.31% and is expected to reach $0.70 in the upcoming year.

In terms of performance indicators, UTI has a quick ratio of 1.09 and an average true range of 0.41. The stock’s PE ratio stands at $101.44, with a beta score of 0.90. The price to sales ratio for the trailing twelve months is currently 0.63, while the price to free cash flow is 29.62.

Looking at recent performance, UTI has seen an increase in average volume over the past five days, reaching 0.25 million compared to its year-to-date volume of 0.11 million. Additionally, the stock’s Stochastic %D was recorded at 86.84% over the previous nine days, while the average true range was 0.48.

Overall, Universal Technical Institute Inc. shows promising potential for growth in the AI industry. With its strong financial performance, insider and institutional ownership, and impressive quarterly report, UTI is one of the top AI stocks to consider for 2023. As the AI boom propels the industry forward, Universal Technical Institute Inc. is well-positioned to benefit from this transformative technology.

Frequently Asked Questions (FAQs) Related to the Above News

What is Universal Technical Institute Inc. (UTI)?

Universal Technical Institute Inc. is a company operating in the Consumer Defensive sector that is poised for significant growth in the AI industry.

What is the market capitalization of UTI?

UTI currently has a market capitalization of $383.29 million.

How many shares does UTI have outstanding?

UTI has 34.08 million shares outstanding.

What is UTI's 50-day moving average?

UTI's 50-day moving average is $8.70.

What is UTI's 200-day moving average?

UTI's 200-day moving average is $7.51.

How many employees does UTI have?

UTI employs 1,950 workers.

What is UTI's recent sales growth rate?

UTI has shown consistent sales growth of 15.35% over the past decade.

What is UTI's earnings per share (EPS) for this year?

UTI's earnings per share (EPS) for this year is an impressive 317.31%.

What is UTI's receivables turnover?

UTI's receivables turnover is 18.70.

What is UTI's total asset turnover?

UTI's total asset turnover is 0.72.

What is UTI's gross margin?

UTI's gross margin is +50.23.

What is UTI's operating margin?

UTI's operating margin is +6.75.

What is UTI's pretax margin?

UTI's pretax margin is +4.88.

What is UTI's insider ownership?

UTI has 4.15% insider ownership.

What is UTI's institutional ownership?

UTI has 77.52% institutional ownership.

Have there been any recent insider trades for UTI?

Yes, a director sold 7,599 shares and another director bought 262,658 shares. The same insider holds a total of 928,961 shares.

What was UTI's recent quarterly report like?

UTI exceeded the consensus estimate by reporting an earnings per share of $0.1 compared to an expected $0.06. The company achieved a net margin of +4.30 and a return on equity of 8.91.

What are analysts predicting for UTI's earnings per share for the next fiscal year?

Market experts predict earnings of $0.13 per share for the next fiscal year.

How much has UTI's EPS increased in the current 12-month period?

UTI's EPS has increased by 317.31% in the current 12-month period and is expected to reach $0.70 in the upcoming year.

What is UTI's quick ratio?

UTI's quick ratio is 1.09.

What is UTI's average true range?

UTI's average true range is 0.41.

What is UTI's PE ratio?

UTI's PE ratio is $101.44.

What is UTI's beta score?

UTI's beta score is 0.90.

What is UTI's price to sales ratio for the trailing twelve months?

UTI's price to sales ratio for the trailing twelve months is 0.63.

What is UTI's price to free cash flow?

UTI's price to free cash flow is 29.62.

What is UTI's average volume over the past five days?

UTI has seen an increase in average volume over the past five days, reaching 0.25 million compared to its year-to-date volume of 0.11 million.

What was UTI's Stochastic %D recorded at over the previous nine days?

UTI's Stochastic %D was recorded at 86.84% over the previous nine days.

What was UTI's average true range?

UTI's average true range was 0.48.

Why is UTI considered a top AI stock for 2023?

UTI is considered a top AI stock for 2023 due to its strong financial performance, insider and institutional ownership, and impressive quarterly report, making it well-positioned to benefit from the AI boom.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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