UL Solutions Inc (NYSE:ULS) shares, rose in value on Friday, March 07, with the stock price up by 3.02% to the previous day’s close as strong demand from buyers drove the stock to $52.83.
Actively observing the price movement in the last trading, the stock closed the session at $51.28. The PE ratio was 32.42 over 12-month period. Referring to stock’s 52-week performance, its high was $59.23, and the low was $33.15. On the whole, ULS has fluctuated by -4.41% over the past month.
With the market capitalization of UL Solutions Inc currently standing at about $10.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.51, with its dividend yield at 0.96%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.03B, with a low estimate of 697M and a high estimate of 714.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 704.18M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ULS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.63, with the price of ULS currently trading nearly -2.16% and 0.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.64, while the 7-day volatility ratio is showing 3.97% which for the 30-day chart, stands at 3.59%. Furthermore, UL Solutions Inc (ULS)’s average true range (ATR) is 1.84.
Data on historical trading for UL Solutions Inc (NYSE:ULS) indicates that the trading volumes over the past 3 months, they’ve averaged 552.79K. According to company’s latest data on outstanding shares, there are 62.04 million shares outstanding.
Nearly 69.34% of UL Solutions Inc’s shares belong to company insiders and institutional investors own 33.39% of the company’s shares. The stock has risen by 5.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ULS stock heading into the next quarter.
