UL Solutions Inc (NYSE: ULS) has a higher price-to-earnings ratio of 33.27x compared to its average ratio, Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ULS is 38.21M, and currently, shorts hold a 1.91% of that float. The average trading volume for ULS on November 07, 2024 was 812.83K shares.
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ULS) stock’s latest price update
UL Solutions Inc (NYSE: ULS)’s stock price has dropped by -2.21 in relation to previous closing price of 51.54. Nevertheless, the company has seen a loss of -4.36% in its stock price over the last five trading days. businesswire.com reported 2024-11-05 that NORTHBROOK, Ill.–(BUSINESS WIRE)–UL Solutions Inc. (NYSE: ULS), a global safety science leader in independent third-party testing, inspection and certification services and related software and advisory offerings, today reported results for the third quarter ended September 30, 2024. “This is our third quarterly report since becoming a public company and I’m very pleased that our results extended our momentum from the first half of 2024, with all segments and regions contributing positively,”.
ULS’s Market Performance
UL Solutions Inc (ULS) has seen a -4.36% fall in stock performance for the week, with a -0.16% decline in the past month and a 1.10% surge in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 2.88% for ULS. The simple moving average for the past 20 days is -4.32% for ULS’s stock, with a 11.33% simple moving average for the past 200 days.
Analysts’ Opinion of ULS
Many brokerage firms have already submitted their reports for ULS stocks, with Citigroup repeating the rating for ULS by listing it as a “Buy.” The predicted price for ULS in the upcoming period, according to Citigroup is $60 based on the research report published on October 07, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ULS reach a price target of $46, previously predicting the price at $41. The rating they have provided for ULS stocks is “Neutral” according to the report published on July 12th, 2024.
ULS Trading at -1.49% from the 50-Day Moving Average
After a stumble in the market that brought ULS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.91% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares sank -1.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.06% lower at present.
During the last 5 trading sessions, ULS fell by -4.36%, in comparison to the 20-day moving average, which settled at $52.68. In addition, UL Solutions Inc saw 44.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ULS starting from ULSE Inc., who sale 3,000,000 shares at the price of $49.00 back on Sep 23 ’24. After this action, ULSE Inc. now owns 0 shares of UL Solutions Inc, valued at $147,000,000 using the latest closing price.
ULSE Inc., the 10% Owner of UL Solutions Inc, sale 20,000,000 shares at $49.00 during a trade that took place back on Sep 09 ’24, which means that ULSE Inc. is holding 0 shares at $980,000,000 based on the most recent closing price.
Stock Fundamentals for ULS
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.48 for the gross margin
The net margin for UL Solutions Inc stands at 0.11. The total capital return value is set at 0.2. Equity return is now at value 29.56, with 10.66 for asset returns.
Based on UL Solutions Inc (ULS), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 1.1. The interest coverage ratio of the stock is 16.69.
Currently, EBITDA for the company is 559.0 million with net debt to EBITDA at 1.18. When we switch over and look at the enterprise to sales, we see a ratio of 3.82. The receivables turnover for the company is 7.95for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, UL Solutions Inc (ULS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
