Wheels Up Experience Inc. (UP): Find Out What Insiders Are Doing

SNOW Stock
SNOW Stock

Wheels Up Experience Inc. (NYSE:UP) finished Wednesday with a subtraction of -$0.07 to close at $1.41, a downside of -4.73 percent. An average of 2,364,020 shares of common stock have been traded in the last five days. There was a fall of -$0.2400 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,602,300 shares traded, while the 50-day average volume stands at 1,448,428.

UP stock has decreased by -34.42% in the last month. The company shares reached their 1-month lowest point of $1.4000 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.42 and a high of $8.10 in 52 weeks. It has reached a new high 1 time so far this year and lost -69.61% or -$3.2300 in price. In spite of this, the price is down -82.59% from the 52-week high.

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Insider Transactions

3 days have passed since Wheels Up Experience Inc. (UP) last reported insider trading activity. Hegde Vinayak, who is President, most recently acquired $21,561 shares at $1.49 per share on Sep 19.

Valuation Metrics

Wheels Up Experience Inc. (UP) has a trailing price-to-sales (P/S) ratio at 0.25, the price-to-book (PB) ratio at 0.59.

Financial Health

The quick ratio of Wheels Up Experience Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $76.63 million compared to revenue of $1.19 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wheels Up Experience Inc.’s return on assets was -16.80%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$92.76 million in the quarter, while revenues of -$88.65 million were grew 92.74%. The analyst consensus anticipated Wheels Up Experience Inc.’s latest quarter earnings to come in at -$0.29 per share, but it turned out to be -$0.25, a 13.80% surprise. For the quarter, EBITDA amounted to -$77.99 million. Shareholders own equity worth $244.47 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wheels Up Experience Inc. (UP) price momentum. RSI 9-day as of the close on 21 September was 16.61%, suggesting the stock is oversold, with historical volatility in this time frame at 45.65%.

As of today, UP’s price is $1.5060 -14.55% or -$0.2400 from its 5-day moving average. UP is currently trading -32.21% lower than its 20-day SMA and -53.77% lower than its 100-day SMA. However, the stock’s current price level is -29.85% below the SMA50 and -66.51% below the SMA200.

The stochastic %K and %D were 6.34% and 7.74%, respectively, and the average true range (ATR) was 0.1169. With the 14-day stochastic at 2.04% and the average true range at 0.1255, the RSI (14) stands at 23.57%. The stock has reached -0.1378 on the 9-day MACD Oscillator while the 14-day reading was at -0.2069.

Analyst Ratings

Goldman launched coverage on Wheels Up Experience Inc. (NYSE: UP) in its analyst report released on June 15, 2022. The firm assigned the stock a Buy rating.


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