Is it Time to Dump Ultralife Corp (ULBI) Stock After it Has Gained 15.10% in a Week?

Ultralife Corp (ULBI) stock has risen 15.10% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ultralife Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ULBI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ULBI Stock Today?

Ultralife Corp (ULBI) stock has gained 13.22% while the S&P 500 has fallen -0.2% as of 10:56 AM on Monday, Oct 2. ULBI is up $1.29 from the previous closing price of $9.76 on volume of 184,265 shares. Over the past year the S&P 500 has risen 16.35% while ULBI is up 115.40%. ULBI earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 70.49. To see InvestorsObserver's Sentiment Score for Ultralife Corp click here.

More About Ultralife Corp

Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company design, manufacture, install and maintain power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from Battery and Energy Products segment. Click Here to get the full Stock Report for Ultralife Corp stock.