Urgent.ly Inc (NASDAQ:ULY) does about 240.97K shares in volume on a normal day but saw 16234133 shares change hands in the recent trading day. The company now has a market cap of 12.36M USD. Its current market price is $0.92, marking an increase of 41.23% compared to the previous close of $0.65. The 52 week high reached by this stock is $5.45 whilst the lowest price level in 52 weeks is $0.57.
Urgent.ly Inc (ULY) has a 20-day trading average at $0.6765 and the current price is -83.12% off the 52-week high compared with 61.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8131 and its 200-day simple moving average is $1.6653. If we look at the stock’s price movements over the week, volatility stands at 20.78%, which decreases to 10.48% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.56 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 54.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 12, 2023 when Needham initiated the stock to “Buy” and issued a price target of $7.
The current price level is 35.99%, 13.14%, and -44.76% away from its SMA20, SMA50, and SMA200 respectively, with the ULY price moving below the 50-day SMA on current market day. Urgent.ly Inc (ULY) stock is up 53.33% over the week and 11.73% over the past month. Its price is -70.98% year-to-date and -82.71% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -1.35 below consensus estimates by -0.14. The company’s next earnings report forecasts estimating quarterly EPS at -0.68 and -2.97 for whole year. Expected sales for next quarter are $39.9M, which analysts say will come at $151M for the current fiscal year and next year at $181.8M. In addition, estimates put the company’s current quarterly revenue at an average of $36.4M.
To reach the target analysts have set, the stock logically needs to grow 54.0 percent from here.
Outstanding shares total 13.31M with insiders holding 8.39% of the shares and institutional holders owning 29.37% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 0.16. The beta has a value of 1.73. Price to sales ratio is 0.07.
