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UTStarcom Holdings Corporation

UTStarcom Holdings Corporation (UTSI)

2.89
0.04
(1.40%)
Closed November 23 3:00PM
2.89
0.00
(0.00%)
After Hours: 4:29PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
2.89
Bid
2.05
Ask
4.00
Volume
1,982
2.76 Day's Range 3.095
2.20 52 Week Range 3.70
Market Cap
Previous Close
2.85
Open
2.76
Last Trade
52
@
3.02
Last Trade Time
Financial Volume
US$ 5,812
VWAP
2.9323
Average Volume (3m)
6,555
Shares Outstanding
9,113,770
Dividend Yield
-
PE Ratio
-6.84
Earnings Per Share (EPS)
-0.42
Revenue
15.75M
Net Profit
-3.85M

About UTStarcom Holdings Corporation

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 integ... 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. Show more

Sector
Communications Equip, Nec
Industry
Communications Equip, Nec
Website
Headquarters
Grand Cayman, Cym
Founded
-
UTStarcom Holdings Corporation is listed in the Communications Equip sector of the NASDAQ with ticker UTSI. The last closing price for UTStarcom was US$2.85. Over the last year, UTStarcom shares have traded in a share price range of US$ 2.20 to US$ 3.70.

UTStarcom currently has 9,113,770 shares outstanding. The market capitalization of UTStarcom is US$25.97 million. UTStarcom has a price to earnings ratio (PE ratio) of -6.84.

UTSI Latest News

UTStarcom Reports Unaudited Financial Results for First Half of 2024

HANGZHOU, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- UTStarcom (β€œUT,” β€œUTStarcom” or the β€œCompany”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its...

UTStarcom Announces Changes to Its Board of Directors

HANGZHOU, China, March 26, 2024 (GLOBE NEWSWIRE) -- UTStarcom (β€œUT” or the β€œCompany”) (NASDAQ: UTSI), a global telecommunications infrastructure provider,Β today announced changes to the Board of...

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023

HANGZHOU, China, March 22, 2024 (GLOBE NEWSWIRE) -- UTStarcom (the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results...

UTStarcom Reports Unaudited Financial Results for First Half of 2023

HANGZHOU, China, Aug. 30, 2023 (GLOBE NEWSWIRE) -- UTStarcom (β€œUT,” β€œUTStarcom” or the β€œCompany”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its...

UTStarcom Files 2022 Form 20-F

HANGZHOU, China, April 27, 2023 (GLOBE NEWSWIRE) -- UTStarcom (β€œUT” or the β€œCompany”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today filed its Annual Report on Form...

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022

HANGZHOU, China, March 24, 2023 (GLOBE NEWSWIRE) -- UTStarcom (β€œUT,” β€œUTStarcom” or the β€œCompany”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its...

UTStarcom Announces New SyncRing PTP Grandmaster

HANGZHOU, China, Jan. 04, 2023 (GLOBE NEWSWIRE) -- UTStarcom (β€œUTStarcom” or β€œthe Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today introduced the SyncRing...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.093.214285714292.83.222.28113922.64620176CS
40.228.239700374532.673.222.2864622.69937289CS
120.3312.8906252.563.222.2865552.73455752CS
26-0.01-0.3448275862072.93.222.246522.74050171CS
52-0.41-12.42424242423.33.72.241732.82941702CS
1561.73149.1379310341.165.0250.6183142.00142025CS
260-0.07-2.364864864862.965.0250.611279141.57485451CS

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UTSI Discussion

View Posts
tasari tasari 3 years ago
UTSI results for Q2 2021 will be released very soon ( normally today, if not coming days )

The numbers will show an big improvement compared with last year ( covid year ). The company has changed the board of directors included the CEO, the 5G industry is getting closer and closer.

China industry is getting full power again, India is still a bit behind, but it is matter of time. So the earnings/results will improve for UTSI.
Next quarters we will see the effects of the new products and services, which will help the stock price.
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tasari tasari 3 years ago
Sudden rise...

Thus anyone know what is happening ?
Last days the stock is going higher and higher, each day more.
The pre-market price is jumping much higher today.

Any news coming out ? Other information...
This can have big jump, depending of news, $3 is very closeby !
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tasari tasari 3 years ago
With the move of yesterday, there is a buy signal.

It even went more higher... news to come ? Results already ?
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tasari tasari 4 years ago
UTSI stock searched in pre-market and in the morning 10% and more.
It is confirmed with the big volume.

So news to come out ?
Or somebody found another reason ?

Thanks,
πŸ‘οΈ0
tasari tasari 4 years ago
Business updates !!! Nice updates !! Great outlook for 2021 !!

* 5G Transport Solution UTStarcom collaborated with a partner to develop a state-of-the-art 5G transport solution, SkyFlux Converged Packet Transport (CPT) platform and its network management and controller, for one of the major China mobile operators’ (MNO) 5G migration.

* Field trials deployment will start soon :
Development of Disaggregated Solutions for 5G Transport Networks As announced in two PRs released in Q4 of 2020, UTStarcom secured a win of a RFP for joint development of a disaggregated platform for 5G transport with one of the major telecom operators in China aiming at further mass deployment with this operator, and completed Phase 1 development and integration of the disaggregated network solution with the research institute of another major mobile network operators (MNO) in China.

* Getting already a part of payment of customer !
India Receivable The Company continues to collect amounts due from its major customer in India. This customer in India raised INR8,500 Crore (approximately USD $1.13 billion) through sovereign guaranteed bonds and cleared a portion of its payables to vendors, including UTStarcom. The Company has collected over $21 million in 2020, with $51 million outstanding.
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tasari tasari 4 years ago
Financial results 2020 is out :

2020 total revenues were $24.3 million, a decrease of 63% from $65.6 million in 2019.

2020 gross profit was $3.5 million, or 14.5% of net sales, compared to $24.2 million, or 36.8% of net sales, in 2019.

2020 operating expenses were $26.8 million, compared to $30.3 million in 2019.

Full year 2020 operating loss was $23.2 million, compared to $6.1 million in 2019.

Full year 2020 net interest income was $1.0 million, compared to $1.3 million in 2019.

Full year 2020 net loss attributable to shareholders was $23.7 million, compared to $3.9 million in 2019. 2020 basic net loss per share was $0.66, compared to $0.11 in 2019.

=> CASH !! This is really nice, they didn't need to use almost no cash !!

Cash used in operating activities in the second half of 2020 was $2.6 million, cash used in investing activities was $0.03 million, and cash used in financing activities was $0.2 million. As of December 31, 2020, UTStarcom had cash, cash equivalent and restricted cash of $48.4 million.


Like many companies the revenue went down a lot, but not 90%, only 63% !

https://www.otcmarkets.com/stock/UTSI/news/story?e&id=1847740
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tasari tasari 4 years ago
Meanwhile the past weeks the GAP has been filled... with a nice bottom showing up.

BUT now the price is at its 200 EMA which will be big resistance for the moment at $1.56.

If it breaks up it would become a support, but only if it stays 3 days above it.. if not it could go down to $1.25 again
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tasari tasari 4 years ago
Meanwhile it is proven that it broke the $1.50 support level.
It goes slowly down, I think it will hit the support of $1.20-$1.25 again,
then a lot of buyers will come it because of recent good news..
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tasari tasari 4 years ago
If you look at the 6 month of 1 year graph ( OHLC ), you see clearly the down trend...

It look like that each moment it can go down, with a big jump down...
+ already couple of days under the $1.50 support
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tasari tasari 4 years ago
It ended the day at $1.44 which is a bad sign !
It ends "under" the support line ( $1.50 ), tomorrow it will go above it again but...... will it be able to stay above?
If doesn't => negative sign, then next support is at $1.20
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tasari tasari 4 years ago
Today the support level of $1.50 is being tested again...

When going up the second testing of resistance of $1.20 was brooken.

Now it is testing for second time the support level !!
If this get crushed, then the support level $1.20 ( which was the resistance level ) is going to be tested....

If it crushes this too, then we are back to the levels $0.85 / $1.20
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tasari tasari 4 years ago
I wrote wrong it is a "support level" of $1.50 !

This support is being tested now..
πŸ‘οΈ0
tasari tasari 4 years ago
Nothing new being said... the run up is passed already now.
Still no "real" reason, so now it depends of resistance levels of $1.50, if it s broken back to previous level...
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ClayTrader ClayTrader 4 years ago
* * $UTSI Video Chart 12-10-2020 * *

Link to Video - click here to watch the technical chart video

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tasari tasari 4 years ago
Now it is low volume time ( all big buying was in the beginning ) so it goes lower slowly, but still $1.70 ! Now a lot of profit takers ( what you expect with this huge rise ! ) and traders selling the stock....


Maybe it picks up at the end...

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TXB TXB 4 years ago
It'll be interesting to see where this goes today, with all the volume.
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tasari tasari 4 years ago
It is stabilizing with meanwhile 18+ millions shares !

It went in one day through 50 en 200 moving average too...
At least downside trend is finished... even probably in uptrend already...

I am wondering if the company is using their "buyback shares"-agreement mmm
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TXB TXB 4 years ago
Nice volume today! Might have to dip my toe in here.
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mik1234 mik1234 4 years ago
yeah huge vol
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tasari tasari 4 years ago
$2.03 with 16+ millions volume :O :D

Much higher than the rise of 6 november 2020
!
So huge volume didn't happen since 31 august 2020 ! ( when investors were hoping less badd results, day after was selling because bad results )
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mik1234 mik1234 4 years ago
Yes $UTSI
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wesley_ wesley_ 4 years ago
$2.40 nice
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tasari tasari 4 years ago
So for this stock the after hours + pre market are useless...

It went up to $2.50+ and opens today with $1.93 :D

But still very positive +50% !
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mik1234 mik1234 4 years ago
$UTSI boss opening bell $
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tasari tasari 4 years ago
This came out today, so no influence on stock price ( yet ).
Like mentioned the price went up already, so this will help more.
News coming out ?

PENNY STOCKS TO BUY UNDER $5: UTSTARCOM HOLDINGS CORP.
UTStarcom Holdings Corp. is one of the biggest gainers from December 9th. During the trading day and into after-hours, shares of UTSI stock shot up by over 107%. While no news contributed to this gain, UTStarcom could be considered an epicenter penny stock. According to Fundstrat’s Tom Lee, these are stocks hit hardest by the pandemic but could rebound the quickest in light of a vaccine.

https://pennystocks.com/featured/2020/11/06/5g-penny-stocks-to-buy-sell-november-6-2020/
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tasari tasari 4 years ago
Still in the early pre-market hours +50% ( compared with yesterday close ) with already volume of 1+ millions.

Something is happening... with no news out ( yet ) :

https://www.benzinga.com/news/20/12/18729497/42-stocks-moving-in-thursdays-pre-market-session?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29
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tasari tasari 4 years ago
And now it shot up in extended hours with +90,23% with volume of 3,120,040 !

I never saw a huge volume since a long time ago !

CNBC shows it ended at $2.53 with 3,120,040 shares !
https://www.cnbc.com/quotes/?symbol=UTSI&qsearchterm=

This is excellent news, maybe another company or person ( even insider possible like before ) wants to buy the company because super cheap prices ! Let's see what happens !!


Another source :
https://seekingalpha.com/news/3643137-asan-pxlw-qiwi-and-immp-among-after-hours-movers?utm_source=otcmarkets&utm_medium=referral
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tasari tasari 4 years ago
Here the confirmation :

NetSol Technologies and Usio among tech gainers; STMicroelectronics and Luminar Technologies among losers

Dec. 09, 2020 2:56 PM ETMTS Systems Corporation (MTSC)By: Manshi Mamtora, CFA

Gainers: MTS Systems (NASDAQ:MTSC) +52%. Usio (NASDAQ:USIO) +14%. UTStarcom (NASDAQ:UTSI) +11%. Siyata Mobile (NASDAQ:SYTA) +8%. NetSol Technologies (NASDAQ:NTWK) +7%.

Losers: Blonder Tongue Laboratories (NYSEMKT:BDR) -24%. Photronics (NASDAQ:PLAB) -16%. STMicroelectronics (NYSE:STM) -16%. Luminar Technologies (NASDAQ:LAZR) -14%. Kubient (NASDAQ:KBNT) -7%.

https://seekingalpha.com/news/3643045-netsol-technologies-and-usio-among-tech-gainers-stmicroelectronics-and-luminar-technologies?utm_source=otcmarkets&utm_medium=referral
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tasari tasari 4 years ago
This is fake news !! They won't go bankrupt with these numbers.
The company have "zero" long term debts, but I think the company still is allowed to buy back when the stock is super cheap, this happened already many times before and now again ! Back to $1.33 !

Great news !
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tasari tasari 4 years ago
This is old news :D Almost 1,5 months ago...

The results already came out 30 october 2020 !!

I wanted to buy more lower... too late
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tasari tasari 4 years ago
woooow UTSI went above the $1.20 "downside" resistance.
Even nicely up, so the second time it went through resistance!
That is really good news !

1.33 +0.20
17.70%
With almost 600K shares !!
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hondaboost hondaboost 4 years ago
Beware! They're pumping it up In Order to dump their worthless shares before Banktuptcy!
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hondaboost hondaboost 4 years ago
UTSI is going to File Bankruptcy soon, as its businesses have shrunk hugely with very little customers as its products and services were out of date.
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hondaboost hondaboost 4 years ago
UTSI, Revenue: $13 m, down 64%; Gross profit: $2.6 m, Down 78%. Loss: $12 m. Pathetic!!!

First Half 2020 Financial Results

Summary of 1H 2020 Key Financials

1H 2020 1H 2019 Y/Y Change
Revenue $13.7 $38.6 -64.5%
Gross Profit $2.6 $12.0 -78.2%
Operating Expenses $11.9 $14.4 -17.1%
Operating Loss ($9.3) ($2.3) -$7.0
Net Income/Loss ($12.0) $2.1 -$14.2
Basic EPS ($0.34) $0.06 -$0.40
Cash Balance (including Restricted Cash) $48.6 $55.1 -11.7%

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Awl416 Awl416 4 years ago
May want to take a peak AH

Not sure what’s up
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tasari tasari 4 years ago
Resistance around $1.20 is being tested, till now each time investort sell at that price... at of the day it could go lower, this is second test that fails.. with no news, no reports coming up!
πŸ‘οΈ0
tasari tasari 4 years ago
The stock went back up till $1.20 ( which is the long resistance line )

https://swingtradebot.com/equities/UTSI

Now it will go back to $0.85 to support resistance, before it goes back up to $1.15 to try to break resistance !
For buying moment be sure to be ready at $0.85 ( maybe as low as $0.83 )
πŸ‘οΈ0
tasari tasari 4 years ago
After posting bad results of the previous quarter, UTSI goes down, which is normal, although the previous 3 quarters were influence by COVID-19.

The stock went down till $0.83 , after with a big buy of opportunities buyers, it went up till $1.14.

Now the big support is at $0.85, thereafter it will raise slightly again to above $1+ but for a higher big move we need great news or wait for the next quarter ( in 2,5 months )..
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whytestocks whytestocks 4 years ago
JUST IN: $UTSI Are These 5G Penny Stocks to Buy In November Or Should You Avoid Them?

Can These 5G Stocks Continue Seeing Bullish Interest? While 5G technology is still in the early stages, there is already a great deal of infrastructure that supports the industry. This has lead to a stronger focus on some of the penny stocks in the arena. No matter what happens in t...

Find out more UTSI - Are These 5G Penny Stocks to Buy In November Or Should You Avoid Them?
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aristotelisonassis aristotelisonassis 4 years ago
strong buy here today.
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whytestocks whytestocks 4 years ago
News; $UTSI UTStarcom Announces Progress in the Development of a Disaggregated Solution for 5G Transport Networks

HANGZHOU, China, Nov. 06, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today the Company’s progress in the development of a disaggregated router platform opt...

Got this from UTSI - UTStarcom Announces Progress in the Development of a Disaggregated Solution for 5G Transport Networks
πŸ‘οΈ0
tasari tasari 4 years ago
That the stock is going down is normal, the previous 2 quarters were not good but all linked with COVID-19, coming months will be better.

Beginning next year the whole health crisis will be over. Certainly after the winter, the winter itself is gone and vaccins will be available and then UTSI will boom again...

Finally they will be able to do their turnaround, meanwhile UTSI will be cost cutting, which will be good for the future !

Finale note... often when it gets beaten like this some takeover offers are coming, always been in previous years..
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whytestocks whytestocks 4 years ago
NEWS: $UTSI UTStarcom Launches SkyFlux Converged Packet Transport Platform and Postpones the Release of First Half 2020 Financial Results

HANGZHOU, China, Aug. 31, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today introduced a Converged Packet Transport Platform, SkyFlux.  The SkyFlux platform combines Se...

Read the whole news UTSI - UTStarcom Launches SkyFlux Converged Packet Transport Platform and Postpones the Release of First Half 2020 Financial Results
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ClayTrader ClayTrader 4 years ago
* * $UTSI Video Chart 08-31-2020 * *

Link to Video - click here to watch the technical chart video

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alchemytrader alchemytrader 4 years ago
Beautiful short
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BoilerRoom BoilerRoom 4 years ago
Lol
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alchemytrader alchemytrader 4 years ago
1.87 and going down. what a piece of trash!
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TheFinalCD TheFinalCD 4 years ago
utsi 3.05 OFF 3.75
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willlbone willlbone 6 years ago
Bad news?
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Shapes350 Shapes350 7 years ago
And we are off!
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