Urgent.ly (NASDAQ:ULY) Trading Down 6% – Here’s Why

Urgent.ly Inc. (NASDAQ:ULY) fell 6% during trading on Friday . The company traded as low as $0.48 and last traded at $0.50. 165,540 shares were traded during trading, a decline of 58% from the average session volume of 398,773 shares. The stock had previously closed at $0.53.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC cut their target price on shares of Urgent.ly from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

Urgent.ly Trading Down 6.0 %

The business’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.86. The firm has a market cap of $6.74 million, a PE ratio of 0.05 and a beta of 2.22.

Urgent.ly (NASDAQ:ULY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.11). The firm had revenue of $36.25 million for the quarter.

Urgent.ly Company Profile

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.