uCloudlink Group Inc.’s (NASDAQ:UCL) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
uCloudlink Group Inc. (NASDAQ:UCL) shareholders would be excited to see that the share price has had a great month, posting a 30% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 43% in the last twelve months.
Although its price has surged higher, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 20x, you may still consider uCloudlink Group as an attractive investment with its 11.5x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Earnings have risen firmly for uCloudlink Group recently, which is pleasing to…
