Published on 18 Jun 2024 on Simply Wall St. · via Yahoo Finance
What Is Ultralife Corporation's (NASDAQ:ULBI) Share Price Doing?
Ultralife Corporation (NASDAQ:ULBI), might not be a large cap stock, but it led the NASDAQGM gainers with a relatively large price hike in the past couple of weeks. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Let’s examine Ultralife’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
Check out our latest analysis for Ultralife
What Is Ultralife Worth?