On November 21, 2024, Michael Manna, President and Chief Executive Officer of Ultralife Corp, purchased 1,500 shares of Ultralife Corp (ULBI, Financial). Following this transaction, the insider now owns a total of 19,874 shares of the company. The transaction details can be found in the SEC Filing.
Ultralife Corp is a company that provides products and services ranging from power solutions to communications and electronics systems. The company serves a diverse range of industries, including government, defense, and commercial sectors.
The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been six insider buys and zero insider sells, indicating a positive sentiment among the company's insiders.
On the day of the purchase, Ultralife Corp's shares were trading at $7.25, giving the company a market cap of $123.37 million. The company's price-earnings ratio stands at 13.49, which is lower than the industry median of 25.025 and also below the company's historical median price-earnings ratio.
The GF Value of Ultralife Corp is estimated at $7.75, resulting in a price-to-GF-Value ratio of 0.94. This suggests that the stock is fairly valued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's past returns and growth, along with future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
