Amundi Ireland Ltd. recently announced the acquisition of new stake in uCloudlink Group Inc. (NASDAQ:UCL). This fresh investment now brings its stake to 4.22% valued currently at $3.45 million. In addition, Nomura Securities Co., Ltd. raised its holdings by 0.97 million to 0.97 million shares. And Renaissance Technologies LLC has lifted its position by 120.78% or 48319.0 shares – to 88324.0 shares.
With over 0.13 million uCloudlink Group Inc. (UCL) shares trading Friday and a closing price of $4.77 on the day, the dollar volume was approximately $0.63 million. The shares have shown a positive half year performance of 314.78% and its price on 01/20/23 gained nearly 9.66%. Currently, there are 30.53M common shares owned by the public and among those 21.69M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 0 analysts who have offered their price forecasts for UCL have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00. The average price target is -19.25% below its recent price level and an upside to the estimated low will see the stock gain 20.5% over that period. But an upside of 20.5% will see the stock hit the forecast high price target while median target price for the stock is $6.00.
Fidelity Nasdaq Composite Index F owns 12409.0 shares of the company’s stock, all valued at over $41446.0.
Shares of uCloudlink Group Inc. (NASDAQ: UCL) opened at $4.22, down -$0.13 from a prior closing price of $4.35. However, the script later moved the day high at 4.9873, up 9.66%. The company’s stock has a 5-day price change of 33.61% and 713.85% over the past three months. UCL shares are trading 42.81% year to date (YTD), with the 12-month market performance up to 128.23% higher. It has a 12-month low price of $0.46 and touched a high of $4.98 over the same period. UCL has an average intraday trading volume of 269.02K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 33.21%, 46.31%, and 213.91% respectively.
Institutional ownership of uCloudlink Group Inc. (NASDAQ: UCL) shares accounts for 20.30% of the company’s 30.53M shares outstanding. Mutual fund holders own 0.05%, while other institutional holders and individual stakeholders account for 8.64% and — respectively.
It has a market capitalization of $159.51M. The earnings-per-share (ttm) stands at -$1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.95% over the week and 11.17% over the month.
Analysts forecast that uCloudlink Group Inc. (UCL) will achieve an EPS of -$0.07 for the current quarter, $0.01 for the next quarter and $0.14 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 35.40%, and 120.50% over the next financial year.