Ucloudlink Group Inc ADR (NASDAQ:UCL) Is 123.08% Higher Than A Week Ago, Can It Hit Well Above $1.6000?

In last trading session, Ucloudlink Group Inc ADR (NASDAQ:UCL) saw 4.28 million shares changing hands with its beta currently measuring 4.38. Company’s recent per share price level of $2.90 trading at $1.44 or 98.63% at ring of the bell on the day assigns it a market valuation of $73.20M. That closing price of UCL’s stock is at a premium of 18.28% from its 52-week high price of $2.37 and is indicating a premium of 66.55% from its 52-week low price of $0.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 76080.0 shares which gives us an average trading volume of 33.03K if we extend that period to 3-months.

Ucloudlink Group Inc ADR (NASDAQ:UCL) trade information

Upright in the green during last session for gaining 98.63%, in the last five days UCL remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $2.90 price level, adding 12.12% to its value on the day. Ucloudlink Group Inc ADR’s shares saw a change of 65.71% in year-to-date performance and have moved 123.08% in past 5-day. Ucloudlink Group Inc ADR (NASDAQ:UCL) showed a performance of 141.67% in past 30-days. Number of shares sold short was 5431.0 shares which calculate 0.29 days to cover the short interests.

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Ucloudlink Group Inc ADR (UCL) estimates and forecasts

Statistics highlight that Ucloudlink Group Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 75.54% of value to its shares in past 6 months, showing an annual growth rate of 25.00% while that of industry is 13.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.96% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25M for the same.

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

MORGAN STANLEY is the top institutional holder at UCL for having 99141.0 shares of worth $0.18 million. And as of 2024-06-30, it was holding 0.2645 of the company’s outstanding shares.

The second largest institutional holder is RENAISSANCE TECHNOLOGIES LLC, which was holding about 30005.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0801 of outstanding shares, having a total worth of $55809.0.