Closing Strong: Wheels Up Experience Inc (UP) Ends at 2.04, Down -6.42 from Last Close

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After finishing at $2.18 in the prior trading day, Wheels Up Experience Inc (NYSE: UP) closed at $2.04, down -6.42%. In other words, the price has decreased by -$6.42 from its previous closing price. On the day, 0.89 million shares were traded. UP stock price reached its highest trading level at $2.1688 during the session, while it also had its lowest trading level at $1.985.

Ratios:

Our goal is to gain a better understanding of UP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.32.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on June 15, 2022, initiated with a Buy rating and assigned the stock a target price of $5.

Barrington Research Downgraded its Outperform to Mkt Perform on November 16, 2021, while the target price for the stock was maintained at $16.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Heltebran Laura sold 28,413 shares for $2.54 per share. The transaction valued at 72,169 led to the insider holds 37,707 shares of the business.

Briffa Mark sold 5,589 shares of UP for $14,084 on Mar 13 ’24. The EVP, Charter & CEO Air Partner now owns 58,471 shares after completing the transaction at $2.52 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UP now has a Market Capitalization of 1520907648 and an Enterprise Value of 1590216320. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48. Its current Enterprise Value per Revenue stands at 1.657 whereas that against EBITDA is -5.508.

Stock Price History:

Over the past 52 weeks, UP has reached a high of $6.08, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is -3.15%, while the 200-Day Moving Average is calculated to be -20.20%.

Shares Statistics:

The stock has traded on average 959.68K shares per day over the past 3-months and 638280 shares per day over the last 10 days, according to various share statistics. A total of 696.86M shares are outstanding, with a floating share count of 345.56M. Insiders hold about 50.47% of the company’s shares, while institutions hold 49.17% stake in the company. Shares short for UP as of 1728950400 were 11390600 with a Short Ratio of 11.87, compared to 1726185600 on 10784852. Therefore, it implies a Short% of Shares Outstanding of 11390600 and a Short% of Float of 12.73.

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