uCloudlink Group (NASDAQ:UCL) Stock Price Up 2.2% – Should You Buy?

Shares of uCloudlink Group Inc. (NASDAQ:UCL) rose 2.2% on Tuesday . The stock traded as high as $1.54 and last traded at $1.39. Approximately 81,777 shares traded hands during trading, an increase of 215% from the average daily volume of 25,928 shares. The stock had previously closed at $1.36.

uCloudlink Group Price Performance

The business has a fifty day moving average of $1.21 and a 200-day moving average of $1.43. The stock has a market capitalization of $52.06 million, a price-to-earnings ratio of 12.64 and a beta of 4.41.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, research analysts anticipate that uCloudlink Group Inc. will post 0.01 EPS for the current year.

uCloudlink Group Company Profile

uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company 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.