Urgent.ly (NASDAQ:ULY) Trading Down 6% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Urgent.ly Stock Performance

The firm has a fifty day simple moving average of $0.54 and a 200-day simple moving average of $0.87. The company has a market capitalization of $6.74 million, a PE ratio of 0.05 and a beta of 2.22.

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