Urgent.ly Inc (NASDAQ: ULY): Forecast Remains Strong, Dropped -78.50% In 2024

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Urgent.ly Inc (NASDAQ:ULY) price is hovering lower on current market day and dropping -6.53% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $0.92, with intraday deals fluctuating between $0.814 and $0.8989. The company’s P/E ratio in the trailing 12-month period read 0.15. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.45 and 52-week low of $0.57. The stock added 10.43% on its value in the past month.

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Urgent.ly Inc, which has a market valuation of $11.55 million, is expected to release its quarterly earnings report on 2024-Nov-12.

On average, analysts have forecast the company’s revenue for the quarter will hit 36.4M, with the likely lows of 36.4M and highs of 36.4M. Staying with the analyst view, there is a consensus estimate of 151M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -18.20% below that which the company brought in the current year earning report.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give ULY a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that ULY’s price is at present 25.99% off the SMA20 and 6.14% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.96, with weekly volatility standing at 20.78%. The indicator jumps to 10.48% when calculated based on the past 30 days. Urgent.ly Inc (NASDAQ:ULY)’s beta value is holding at 1.74, while the average true range (ATR) indicator is currently reading 0.09.

An analysis of the Urgent.ly Inc (NASDAQ:ULY) stock in terms of its daily trading volume indicates that the 3-month average is 491.62K. However, this figure increases on the past 10-day timeline to an average of 1.91 million.

Current records show that the company has 13.31M in outstanding shares. The insiders’ percentage holdings are 28.99% of outstanding shares while the percentage share held by institutions stands at 13.60%. The stats also highlight that short interest as of 2024-09-30, stood at 0.25 million shares, which puts the short ratio at the time at 0.44. From this we can glean that short interest is 213.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 43546.0. But the -72.87% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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