On November 12, 2024, Director W. Robert purchased 2,500 shares of Ultralife Corp (ULBI, Financial) at a price of $7.91 per share, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 65,250 shares of the company.
Ultralife Corp, headquartered in Newark, New York, operates in the manufacturing and marketing of a range of batteries and energy products for various applications.
The recent purchase by the insider is part of a broader trend observed over the past year at Ultralife Corp, where there have been five insider buys and zero insider sells. This pattern of insider activity often provides insights into the sentiment within the company's leadership regarding its future prospects.
Regarding the company's valuation metrics, Ultralife Corp has a market cap of $132.987 million. The stock's price-earnings ratio is 13.11, which is lower than both the industry median of 25.48 and the company’s historical median.
Ultralife Corp's stock is considered Fairly Valued with a price-to-GF Value ratio of 0.96, based on a GF Value of $8.21. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This insider buy could signal a positive outlook from the director, aligning with the company's current fair valuation and stable financial ratios. Investors often keep an eye on insider transactions as they provide valuable clues about the company's future performance and insider perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
