Ultralife Corp (NASDAQ: ULBI) stock enjoyed a major increase of 13.1% on 4/1/24. The shares closed at $9.96. Moreover, trading volume in this advance was exceptionally high at 351% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ULBI is expected to be a modest Value Builder.
Ultralife has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ultralife has a neutral Appreciation Score of 41 and a slightly positive Power Rating of 63, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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