uCloudlink Group (NASDAQ:UCL) Upgraded to Hold at Wall Street Zen

Key Points

• uCloudlink Group has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, signaling a more positive outlook for investors.
• The company reported earnings per share of $0.02 in its last quarterly earnings, meeting analysts' expectations, although its revenue of $19.38 million fell short of forecasts.
• uCloudlink Group has a market cap of $92.23 million, and its stock currently trades at $2.44, down 5.1% recently.

Wall Street Zen upgraded shares of uCloudlink Group (NASDAQ:UCL - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

uCloudlink Group Price Performance

Shares of NASDAQ UCL traded down $0.07 during trading on Friday, hitting $2.49. The stock had a trading volume of 66,520 shares, compared to its average volume of 105,614. uCloudlink Group has a 12 month low of $0.80 and a 12 month high of $4.19. The company has a market capitalization of $94.12 million, a PE ratio of 49.80 and a beta of 4.39. The firm has a fifty day moving average of $2.92 and a two-hundred day moving average of $1.93.

uCloudlink Group (NASDAQ:UCL - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $19.38 million during the quarter, compared to analyst estimates 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, equities analysts expect that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.

About uCloudlink Group

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.