UL Solutions Inc (NYSE: ULS) is 39.78% higher on its value in year-to-date trading and has touched a low of $33.15 and a high of $56.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ULS stock was last observed hovering at around $48.85 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $48.84, the stock is -6.53% and 0.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -0.02% at the moment leaves the stock 13.31% off its SMA200.
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The stock witnessed a -4.81% in the last 1 month and extending the period to 3 months gives it a 17.63%, and is 0.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 2.89% over the month.
UL Solutions Inc (ULS) has around 15233 employees, a market worth around $9.77B and $2.76B in sales. Current P/E ratio is 36.45 and Fwd P/E is 31.39. Profit margin for the company is 9.71%. Distance from 52-week low is 47.33% and -13.22% from its 52-week high. The company has generated returns on investments over the last 12 months (16.04%).
The EPS is expected to grow by 3.31% this year.
UL Solutions Inc (ULS) Top Institutional Holders
The shares outstanding are 200.01M, and float is at 38.29M with Short Float at 3.61%.
UL Solutions Inc (ULS) Insider Activity
The most recent transaction is an insider sale by ULSE Inc., the company’s 10% Owner. SEC filings show that ULSE Inc. sold 20,000,000 shares of the company’s common stock on Sep 09 ’24 at a price of $49.00 per share for a total of $980.0 million. Following the sale, the insider now owns 0.0 shares.
UL Solutions Inc disclosed in a document filed with the SEC on Apr 16 ’24 that ULSE Inc. (10% Owner) sold a total of 38,870,000 shares of the company’s common stock. The trade occurred on Apr 16 ’24 and was made at $28.00 per share for $1.09 billion. Following the transaction, the insider now directly holds 0.0 shares of the ULS stock.
Still, SEC filings show that on Apr 16 ’24, PEPPING KAREN K (Senior VP & CAO) acquired 3,571 shares at an average price of $28.00 for $99988.0. The insider now directly holds 3,571 shares of UL Solutions Inc (ULS).
