Daily Market Movement: Wheels Up Experience Inc (UP) Sees a 2.99 Increase, Closing at 2.07

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The closing price of Wheels Up Experience Inc (NYSE: UP) was $2.07 for the day, up 2.99% from the previous closing price of $2.01. In other words, the price has increased by $2.99 from its previous closing price. On the day, 0.78 million shares were traded. UP stock price reached its highest trading level at $2.095 during the session, while it also had its lowest trading level at $2.0.

Ratios:

Our analysis of UP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.27 and its Current Ratio is at 0.30.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1444470784 and an Enterprise Value of 1631246208. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71. Its current Enterprise Value per Revenue stands at 1.957 whereas that against EBITDA is -6.137.

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 -2.92%, while the 200-Day Moving Average is calculated to be -17.50%.

Shares Statistics:

UP traded an average of 931.85K shares per day over the past three months and 877180 shares per day over the past ten days. A total of 696.86M shares are outstanding, with a floating share count of 345.63M. Insiders hold about 50.47% of the company’s shares, while institutions hold 49.16% stake in the company. Shares short for UP as of 1728950400 were 11390600 with a Short Ratio of 12.22, 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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