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Selling Your uCloudlink Group Inc. (NASDAQ: UCL) Stock? Here’s What You Need To Know

uCloudlink Group Inc. (NASDAQ:UCL) shares, rose in value on Friday, 08/05/22, with the stock price up by 1.56% to the previous day’s close as strong demand from buyers drove the stock to $0.88.

Actively observing the price movement in the last trading, the stock closed the session at $0.87, falling within a range of $0.80 and $0.90. The value of beta (5-year monthly) was 2.81. Referring to stock’s 52-week performance, its high was $8.56, and the low was $0.66. On the whole, UCL has fluctuated by -39.62% over the past month.

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With the market capitalization of uCloudlink Group Inc. currently standing at about $27.19 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 23, 2022 – Mar 28, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.19, which is expected to increase to -$0.13 for fiscal year -$0.7 and then to about -$0.59 by fiscal year 2023. Data indicates that the EPS growth is expected to be 20.50% in 2023, while the next year’s EPS growth is forecast to be 15.70%.

Analysts have estimated the company’s revenue for the quarter at $17.04 million, with a low estimate of $17 million and a high estimate of $17.08 million. According to the average forecast, sales growth in current quarter could jump down -11.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $81.29 million, representing an increase of 10.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UCL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UCL currently trading nearly -18.09% and -20.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.69, while the 7-day volatility ratio is showing 10.21% which for the 30-day chart, stands at 16.39%. Furthermore, uCloudlink Group Inc. (UCL)’s average true range (ATR) is 0.15. The company’s stock has been forecasted to trade at an average price of $6.00 over the course of the next 52 weeks, with a low of $6.00 and a high of $6.00. Based on these price targets, the low is -581.82% off current price, whereas the price has to move -581.82% to reach the yearly target high. Additionally, analysts’ median price of $6.00 is likely to be welcomed by investors because it represents a decrease of -581.82% from the current levels.

Data on historical trading for uCloudlink Group Inc. (NASDAQ:UCL) indicates that the trading volumes over the past 10 days have averaged 0.11 million and over the past 3 months, they’ve averaged 40.63K. According to company’s latest data on outstanding shares, there are 28.92 million shares outstanding.

Nearly 0.04% of uCloudlink Group Inc.’s shares belong to company insiders and institutional investors own 17.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45350.0 shares as on Jul 14, 2022, resulting in a short ratio of 1.36. According to the data, the short interest in uCloudlink Group Inc. (UCL) stood at 0.16% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 50590.0. The stock has fallen by -86.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UCL stock heading into the next quarter.

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