About 600,000 Worth Of Wheels Up Experience Inc. (UP) Shares Belongs To Its Director

As of Friday close, Wheels Up Experience Inc.’s (NYSE:UP) stock was up $0.08, moving up 3.33 percent to $2.48. The average number of shares traded per day over the past five days has been 3,203,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 1,854,690, while in the previous 50 days, it was 2,171,328.

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Since last month, UP stock retreated -24.39%. Shares of the company fell to $2.09 on 05/11/22, the lowest level in the past month. A 52-week high of $15.00 was reached on 01/03/22 after having rallying from a 52-week low of $2.09. Since the beginning of this year, UP’s stock price has dropped by -46.55% or -$2.16, and marked a new high 1 time. However, the stock has declined by -83.47% since its 52-week high.

Wheels Up Experience Inc. (UP) last reported insider trading activity 61 days ago on Mar 14. Adelman David J., the Director of the company, purchased of 200,000 shares for $3.10 on Mar 14. It resulted in a $619,800 investment by the insider. Adelman David J. added 100,000 shares at an average price of $4.90 on Nov 18. The insider now owns 400,000 shares following the transaction. On Nov 16, Director Adelman David J. bought 100,000 shares at $5.56 apiece. The transaction was valued at $556,000.

Financial Health

In the three months ended September 29, Wheels Up Experience Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 66.60% percent. Based on annual data, UP earned $76.63 million in gross profit and brought in $1.19 billion in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UP’s revenue rose 100.0% to $301.98 million during the quarter, while net income inched up to -$301.98 million. While analysts expected Wheels Up Experience Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.12 per share. During the quarter, the company generated -$117.29 million in EBITDA. The liabilities of Wheels Up Experience Inc. were 1.24 billion at the end of its most recent quarter ended September 29, and its total debt was $119.56 million. The value of shareholders’ equity is $244.15 million.

Technical Picture

This quick technical analysis looks at Wheels Up Experience Inc.’s (UP) price momentum. With a historical volatility rate of 99.66%, the RSI 9-day stood at 35.55% on 13 May.

With respect to its five-day moving average, the current Wheels Up Experience Inc. price is down by -14.78% percent or -$0.43. At present, UP shares trade -21.02% below its 20-day simple moving average and -41.37% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.16% below its SMA50 and -67.92% below its SMA200.

Stochastic coefficient K was 23.73% and Stochastic coefficient D was 16.07%, while ATR was 0.25. Given the Stochastic reading of 33.62% for the 14-day period, the RSI (14) reading has been calculated as 36.43%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.45.

Analyst Ratings

Wheels Up Experience Inc. (UP) has been rated Overweight by analysts. According to 1 brokerage firm, UP is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Wheels Up Experience Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $5.25, the current consensus forecast for the stock is $2.40 – $8.00. Based on these forecasts, analysts predict Wheels Up Experience Inc. (UP) will achieve an average price target of $5.40.


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