Stock Rating Upgrade
In recent days the Value Trend Rating for Ultralife Corp (NASDAQ: ULBI) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/20/24, Ultralife Corp (NASDAQ: ULBI) stock declined slightly by -0.5%, closing at $11.19. Moreover, trading volume in this decline was above average at 136% of normal. The stock has performed in line with the market over the last nine months and has declined -9.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ULBI is expected to be a modest Value Builder.
Ultralife has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ultralife has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 53, producing the Low Neutral Value Trend Rating.
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