How have the shares performed?
Ultralife Corporation (ULBI) saw an uptrend of 23.38% in the recent trading with $10.50 being its most recent. The current price level 14.13% lower than the highest price of $9.20 marked by the stock while trading over the past 52-weeks, whereas it is 105.86% higher than the lowest price of $5.10 the company dropped to over past 52-weeks. The latest news story on ULBI appeared in GlobeNewswire under the title “Ultralife Corporation Awarded IDIQ Contract Under U.S. Armys $1.25B Conformal Wearable Battery Program” on May-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.87% below one month high and is +37.80% above of the lowest during that time. Looking into the simple moving average, Ultralife Corporation (ULBI)’s stock stands at a SMA-50 of $8.11 while that of 5-day is reading $8.67.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ULBI’s SMA-200 as of now is $6.91.
Ultralife Corporation Earnings – What Happened With ULBI
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $25.97 billion.
ULBI – Ultralife Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 15.97 million. ULBI does have institutional investors; and they hold 70.90% of the stock.
Ultralife Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 2 new insider purchases involving 24,910 shares. On the other hand, ULBI declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 31, 2021, Dimensional Fund Advisors LP was the top most holder in Ultralife Corporation (NASDAQ:ULBI) with an ownership of 1.11 million shares of the company or 6.93% of the stake worth $9.17 million. The filing also reveals Visionary Wealth Advisors as the second largest holder in the company with a control over 5.38% of the outstanding shares. Its stake is worth $5.57 million for having 0.86 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 4.35% of the outstanding shares. With this there are now 77 institutions which have possession in ULBI’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Ultralife Corporation was 3.45 while posting a debt to equity ratio of 0.01. The count was 1.30 for long-term debt to equity ratio.
Ultralife Corporation’s return on equity, or ROE, is 4.20%, compared to the industry average of 5.74% for Industrials – Specialty Industrial Machinery. Although this indicates that ULBI fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Ultralife Corporation (NASDAQ:ULBI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Ultralife Corporation (ULBI), we notice that the stock’s 20-day average volume is at 1,661,995 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 733,398 shares. And to end, ULBI’s 100-day average volume is 422,082 shares with 100% of the long-term indicators pointing towards Buy for the stock.