uCloudlink Group Inc. (NASDAQ:UCL – Get Rating) – Analysts at Zacks Investment Research increased their Q2 2022 EPS estimates for uCloudlink Group in a research note issued to investors on Wednesday, June 1st. Zacks Investment Research analyst L. Thompson now anticipates that the company will post earnings of ($0.15) per share for the quarter, up from their prior forecast of ($0.23). Zacks Investment Research also issued estimates for uCloudlink Group’s Q3 2022 earnings at ($0.13) EPS, Q4 2022 earnings at ($0.07) EPS and FY2022 earnings at ($0.58) EPS.
UCL opened at $1.14 on Monday. The business has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.91. The company has a market capitalization of $32.36 million, a PE ratio of -0.84 and a beta of 3.38. uCloudlink Group has a 1 year low of $0.66 and a 1 year high of $11.97.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of uCloudlink Group by 118.7% during the 1st quarter. Renaissance Technologies LLC now owns 32,800 shares of the company’s stock valued at $58,000 after acquiring an additional 17,800 shares during the period. Bank of America Corp DE bought a new stake in shares of uCloudlink Group during the 4th quarter valued at $58,000. Geode Capital Management LLC bought a new stake in shares of uCloudlink Group during the 4th quarter valued at $81,000. Citadel Advisors LLC lifted its position in shares of uCloudlink Group by 81.2% during the 3rd quarter. Citadel Advisors LLC now owns 20,890 shares of the company’s stock valued at $91,000 after acquiring an additional 9,363 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of uCloudlink Group during the 4th quarter valued at $188,000. Institutional investors and hedge funds own 0.24% of the company’s stock.
About uCloudlink Group (Get Rating)
uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. It provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.
- Get a free copy of the StockNews.com research report on uCloudlink Group (UCL)
- MarketBeat: Week in Review 5/30 – 6/3
- Dividend Capture Strategy: What You Need to Know
- Okta On Verge Of Multi-Week Rally
- Xiaomi Co: Facing Macro Headwinds
- Don’t Bet On A Bounce For RH
Receive News & Ratings for uCloudlink Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for uCloudlink Group and related companies with MarketBeat.com's FREE daily email newsletter.