Market Insight: Wheels Up Experience Inc (UP)’s Notable Drop, Closing at 1.72

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In the latest session, Wheels Up Experience Inc (NYSE: UP) closed at $1.72 down -3.37% from its previous closing price of $1.78. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 1.1 million shares were traded. UP stock price reached its highest trading level at $1.77 during the session, while it also had its lowest trading level at $1.68.

Ratios:

For a deeper understanding of Wheels Up Experience Inc’s stock, let’s take a closer look at its various ratios. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 26 ’24 when Moak Donald Lee sold 21,766 shares for $2.47 per share. The transaction valued at 53,762 led to the insider holds 108,465 shares of the business.

Moak Donald Lee sold 20,000 shares of UP for $50,000 on Nov 25 ’24. The Director now owns 130,231 shares after completing the transaction at $2.50 per share. On Nov 25 ’24, another insider, Briffa Mark, who serves as the EVP, Charter & CEO Air Partner of the company, sold 9,904 shares for $2.47 each. As a result, the insider received 24,463 and left with 705,702 shares of the company.

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 1200236544 and an Enterprise Value of 1387012096. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39. Its current Enterprise Value per Revenue stands at 1.664 whereas that against EBITDA is -5.218.

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 $1.55. The 50-Day Moving Average of the stock is -18.03%, while the 200-Day Moving Average is calculated to be -26.77%.

Shares Statistics:

For the past three months, UP has traded an average of 949.44K shares per day and 1206930 over the past ten days. A total of 697.81M shares are outstanding, with a floating share count of 346.25M. Insiders hold about 50.39% of the company’s shares, while institutions hold 49.94% stake in the company. Shares short for UP as of 1734048000 were 10409370 with a Short Ratio of 10.96, compared to 1731628800 on 10768592. Therefore, it implies a Short% of Shares Outstanding of 10409370 and a Short% of Float of 11.61.

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