<![CDATA[This study aims to analyze the effects of profitability, proxied by total assets, solvability, proxied by total equity, and net income on stock performance, measured by the closing stock price of PT Ultra Jaya Milk Industry and Trading Company Tbk (ULTJ) during 2018–2025. The study employs a quantitative approach using multiple linear regression analysis. The sample consists of 32 quarterly observations covering eight years, selected through purposive sampling. Data were processed using SPSS, including classical assumption tests and regression analysis. The partial test results indicate that total assets do not have a significant effect on closing stock prices, with a t-value of −0.656 and a significance level of 0.517. Total equity also shows no significant effect, with a t-value of 1.791 and a significance level of 0.084. Similarly, net income does not significantly affect stock performance, with a t-value of 0.430 and a significance level of 0.671. Simultaneously, the three independent variables do not significantly affect stock performance, as indicated by an F-value of 2.875 and a significance level of 0.054. The R Square value of 0.236 indicates that 23.6% of stock price variation can be explained by the independent variables, while the remaining 76.4% is associated with other factors outside the model. The Adjusted R Square value of 0.154 further indicates limited explanatory power. Therefore, all proposed hypotheses are rejected. These findings suggest that other financial and market-related factors may be relevant to explaining stock price movements during the observed period.]]>
