Ultralife Corporation Reports Financial Results for Q3 2024
ULBI Stock | USD 7.61 0.20 2.56% |
Under 63% of all Ultralife's traders are looking to take a long position. The analysis of overall sentiment of trading Ultralife stock suggests that some investors are interested at this time. Ultralife's investing sentiment shows overall attitude of investors towards Ultralife.
Ultralife |
Ultralife Corporation, a Delaware-based company trading on the NASDAQ Stock Market under the symbol ULBI, released its financial results for the third quarter ending September 30, 2024. The company issued a press release on November 8, 2024, detailing its performance during this period. According to the press release, Ultralife Corporation reported a surge in financial
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Ultralife Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Ultralife can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Ultralife Fundamental Analysis
We analyze Ultralife's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ultralife using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ultralife based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Ultralife is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Ultralife Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ultralife stock to make a market-neutral strategy. Peer analysis of Ultralife could also be used in its relative valuation, which is a method of valuing Ultralife by comparing valuation metrics with similar companies.
Peers
Ultralife Related Equities
KE | Kimball Electronics | 0.36 | ||||
ENR | Energizer Holdings | 0.34 | ||||
HAYW | Hayward Holdings | 0.92 | ||||
ESP | Espey Mfg | 1.22 | ||||
NVT | NVent Electric | 1.88 | ||||
AEIS | Advanced Energy | 2.25 | ||||
NEOV | NeoVolta Common | 2.51 | ||||
POWL | Powell Industries | 3.42 | ||||
NVX | Novonix | 26.39 |
Complementary Tools for Ultralife Stock analysis
When running Ultralife's price analysis, check to measure Ultralife's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ultralife is operating at the current time. Most of Ultralife's value examination focuses on studying past and present price action to predict the probability of Ultralife's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultralife's price. Additionally, you may evaluate how the addition of Ultralife to your portfolios can decrease your overall portfolio volatility.
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