Wheels Up Experience Inc (NYSE: UP) is -8.75% lower on its value in year-to-date trading and has touched a low of $0.98 and a high of $8.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UP stock was last observed hovering at around $2.76 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $3.13, the stock is 14.86% and -2.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 13.41% at the moment leaves the stock 31.98% off its SMA200. UP registered -59.05% loss for a year compared to 6-month gain of 15.07%. The firm has a 50-day simple moving average (SMA 50) of $1.80 and a 200-day simple moving average (SMA200) of -$5.84.
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The stock witnessed a -0.95% loss in the last 1 month and extending the period to 3 months gives it a 42.92%, and is 15.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.86% over the week and 9.61% over the month.
Wheels Up Experience Inc (UP) has around 2206 employees, a market worth around $2.18B and $1.25B in sales. Profit margin for the company is -38.89%. Distance from 52-week low is 219.39% and -62.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-125.80%).
Wheels Up Experience Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $246.38M over the same period.The EPS is expected to grow by 78.81% this year, but quarterly earnings will post -20.70% year-over-year. Quarterly sales are estimated to shrink -39.70% in year-over-year returns.
103 institutions hold shares in Wheels Up Experience Inc (UP), with institutional investors hold 98.34% of the company’s shares. The shares outstanding are 696.86M, and float is at 344.44M with Short Float at 1.28%. Institutions hold 85.86% of the Float.
The top institutional shareholder in the company is Delta Air Lines Inc with over 5.2 million shares valued at $6.08 million. The investor’s holdings represent 20.49% of the UP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 0.83 million shares valued at $0.97 million to account for 3.26% of the shares outstanding. The other top investors are Gsa Capital Partners Llp which holds 0.29 million shares representing 1.13% and valued at over $0.34 million, while Jacobs Levy Equity Management, Inc. holds 1.11% of the shares totaling 0.28 million with a market value of $0.33 million.
Wheels Up Experience Inc (UP) Insider Activity
The most recent transaction is an insider sale by Heltebran Laura, the company’s Chief Legal Officer. SEC filings show that Heltebran Laura sold 28,413 shares of the company’s common stock on Mar 13 ’24 at a price of $2.54 per share for a total of $72169.0. Following the sale, the insider now owns 37707.0 shares.
Wheels Up Experience Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Briffa Mark (EVP, Charter & CEO Air Partner) sold a total of 5,589 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $2.52 per share for $14084.0. Following the transaction, the insider now directly holds 58471.0 shares of the UP stock.
Still, SEC filings show that on Sep 13 ’23, Briffa Mark (Chief Commercial Officer) disposed off 9,904 shares at an average price of $3.64 for $36051.0. The insider now directly holds 69,017 shares of Wheels Up Experience Inc (UP).
