uCloudlink Group (NASDAQ:UCL) Trading Up 2.3% - What's Next?

Key Points

• uCloudlink Group's stock rose by 2.3% to a last traded price of $2.21 during mid-day trading, despite a significant decline in trading volume compared to average daily activity.
• The company reported $0.02 EPS for the last quarter, matching analysts' expectations, but fell short of revenue expectations with $19.38 million against a forecast of $23.00 million.
• Analysts have a consensus rating of "Hold" for uCloudlink Group, with various brokerages reaffirming or upgrading their ratings recently.

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) shares rose 2.3% during mid-day trading on Monday . The stock traded as high as $2.28 and last traded at $2.21. Approximately 27,321 shares traded hands during trading, a decline of 57% from the average daily volume of 64,258 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

A number of brokerages recently commented on UCL. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of uCloudlink Group in a research note on Saturday, September 27th. Wall Street Zen raised shares of uCloudlink Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, uCloudlink Group currently has an average rating of "Hold".

uCloudlink Group Stock Up 2.3%

The firm has a market cap of $83.54 million, a P/E ratio of 44.20 and a beta of 4.30. The business has a fifty day simple moving average of $2.92 and a 200-day simple moving average of $2.02.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The firm had revenue of $19.38 million for the quarter, compared to analysts' expectations of $23.00 million. uCloudlink Group had a net margin of 2.19% and a return on equity of 8.89%. uCloudlink Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current fiscal year.

uCloudlink Group Company Profile

uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.

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