Market Insights: Wheels Up Experience Inc (UP)’s Notable Drop of -8.37, Closing at 2.41

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As of close of business last night, Wheels Up Experience Inc’s stock clocked out at $2.41, down -8.37% from its previous closing price of $2.63. In other words, the price has decreased by -$8.37 from its previous closing price. On the day, 1.22 million shares were traded. UP stock price reached its highest trading level at $2.61 during the session, while it also had its lowest trading level at $2.392.

Ratios:

To gain a deeper understanding of UP’s stock, we examine its different 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 26 ’24 when DONALD LEE MOAK bought 21,766 shares for $2.47 per share.

DONALD LEE MOAK bought 20,000 shares of UP for $44,400 on Nov 25 ’24. On Nov 25 ’24, another insider, MARK BRIFFA, who serves as the Officer of the company, bought 9,904 shares for $2.47 each.

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 1681726848 and an Enterprise Value of 1868502144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02. Its current Enterprise Value per Revenue stands at 2.241 whereas that against EBITDA is -7.029.

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 $1.40. The 50-Day Moving Average of the stock is 10.76%, while the 200-Day Moving Average is calculated to be -1.23%.

Shares Statistics:

It appears that UP traded 894.22K shares on average per day over the past three months and 1124170 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 49.93% stake in the company. Shares short for UP as of 1731628800 were 10768592 with a Short Ratio of 12.15, compared to 1728950400 on 11390600. Therefore, it implies a Short% of Shares Outstanding of 10768592 and a Short% of Float of 12.01.

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