Ucloudlink Group Inc ADR (UCL) Investors To Make Money Again

Ucloudlink Group Inc ADR (NASDAQ:UCL) has a beta value of 4.38 and has seen 0.47 million shares traded in the recent trading session. The company, currently valued at $49.98M, closed the recent trade at $1.98 per share which meant it gained $0.52 on the day or 35.62% during that session. The UCL stock price is -19.7% off its 52-week high price of $2.37 and 51.01% above the 52-week low of $0.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 75460.0 shares traded. The 3-month trading volume is 33.03K shares.

Ucloudlink Group Inc ADR (NASDAQ:UCL) trade information

Sporting 35.62% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the UCL stock price touched $1.98 or saw a fall of -4.21%. Year-to-date, Ucloudlink Group Inc ADR shares have moved 13.14%, while the 5-day performance has seen it change 52.31%. Over the past 30 days, the shares of Ucloudlink Group Inc ADR (NASDAQ:UCL) have changed 65.00%. Short interest in the company has seen 5431.0 shares shorted with days to cover at 0.29.

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Ucloudlink Group Inc ADR (UCL) estimates and forecasts

Figures show that Ucloudlink Group Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 19.85% over the past 6 months, with this year growth rate of 25.00%, compared to 13.10% for the industry.

UCL Dividends

Ucloudlink Group Inc ADR is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Ucloudlink Group Inc ADR (NASDAQ:UCL)’s Major holders

The top two institutional holders are MORGAN STANLEY with over 99141.0 shares worth more than $0.18 million. As of 2024-06-30, MORGAN STANLEY held 0.2645% of shares outstanding.

The other major institutional holder is RENAISSANCE TECHNOLOGIES LLC, with the holding of over 30005.0 shares as of 2024-06-30. The firm’s total holdings are worth over $55809.0 and represent 0.0801% of shares outstanding.