The stock of uCloudlink (UCL, Financial) recently experienced a significant fluctuation, with its price dropping by 5.34%. The current trading price is $1.15 per share, with a trading volume of 16,205 shares and a turnover rate of 0.04%. The stock's volatility is noted at 6.58%.
According to the latest financial report, uCloudlink recorded a revenue of $22.36 million and a net profit of $2.24 million. The earnings per share stand at $0.06, with a gross profit of $10.99 million, and a price-to-earnings ratio of 7.11.
As of now, no institutional ratings suggesting "buy," "hold," or "sell" have been made for UCL stock. In the telecom services industry, where uCloudlink operates, there is an overall decline of 0.96%. Within this sector, notable gainers include Telecom Argentina, WideOpenWest, Inc., and Sify Technologies Limited. Frontier Communications Parent, Inc., Lumen Technologies, Inc., and Iridium Communications are showing active trading, with turnover rates of 0.80%, 0.71%, and 0.70%, respectively. Sify Technologies Limited, among others, reported notable volatility, with swings of up to 10.38%.
uCloudlink provides mobile data connectivity and portable WiFi services, targeting international travelers requiring cross-border data services through its uCloudlink 1.0 platform. The company's uCloudlink 2.0 platform offers domestic data services among various mobile network operators within a single country. Revenue streams include data connection services, terminal sales, and data-related products.
