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Wheels Up Experience Inc (UP) Analysis & Forecast for 2024

Wheels Up Experience Inc (NYSE: UP) is -41.69% lower on its value in year-to-date trading and has touched a low of $1.55 and a high of $6.08 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 $2.10 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $2.00, the stock is -9.56% and -7.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -4.76% at the moment leaves the stock -15.93% off its SMA200. UP registered 5.82% gain for a year compared to 6-month gain of 5.82%. The firm has a 50-day simple moving average (SMA 50) of $2.166 and a 200-day simple moving average (SMA200) of $2.3835.

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The stock witnessed a -0.50% loss in the last 1 month and extending the period to 3 months gives it a -9.50%, and is -6.10% down 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 5.23% over the week and 8.04% over the month.

Wheels Up Experience Inc (UP) has around 2206 employees, a market worth around $1.41B and $833.67M in sales. Profit margin for the company is -39.97%. Distance from 52-week low is 29.02% and -67.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-238.46%).

The EPS is expected to grow by 78.81% this year.

Wheels Up Experience Inc (UP) Top Institutional Holders

139.0 institutions hold shares in Wheels Up Experience Inc (UP), with institutional investors hold 101.33% of the company’s shares. The shares outstanding are 697.81M, and float is at 346.17M with Short Float at 3.22%. Institutions hold 87.77% of the Float.

The top institutional shareholder in the company is UNCONVENTIONAL INVESTOR, LLC with over 16666.0 shares valued at $31499.0. The investor’s holdings represent 0.0024% of the UP Shares outstanding.

Wheels Up Experience Inc (UP) Insider Activity

The most recent transaction is an insider sale by Moak Donald Lee, the company’s Director. SEC filings show that Moak Donald Lee sold 21,766 shares of the company’s common stock on Nov 26 ’24 at a price of $2.47 per share for a total of $53762.0. Following the sale, the insider now owns 0.11 million shares.

Wheels Up Experience Inc disclosed in a document filed with the SEC on Nov 25 ’24 that Moak Donald Lee (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $2.50 per share for $50000.0. Following the transaction, the insider now directly holds 0.13 million shares of the UP stock.

Still, SEC filings show that on Nov 25 ’24, Briffa Mark (EVP, Charter & CEO Air Partner) disposed off 9,904 shares at an average price of $2.47 for $24463.0. The insider now directly holds 705,702 shares of Wheels Up Experience Inc (UP).

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