Ultralife Corp (NASDAQ: ULBI) stock enjoyed a major increase of 22.7% on 4/25/24. The shares closed at $10.71. Moreover, exceptionally high trading volume at 718% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 22.0% during the last week.
Current PriceTarget Research Rating
ULBI is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ultralife has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ultralife has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 39, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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