The stock of Wheels Up Experience Inc. (NYSE:UP) increased by $0.09 on Tuesday to finish at $1.51, up 6.34 percent. The last five days have seen an average of 3,165,980 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$8.7900. The average number of shares traded over the last 20 days was 1,767,150, while the average volume over the last 50 days totaled 1,371,455.
UP stock dropped -9.58% since last month. On 08/11/23, the company’s shares reached a one-month low of $1.0300. The stock touched a high of $28.50 on 01/11/23, after rallying from a low of $0.98 in 52 weeks. The price of UP stock has declined by -85.34% or -$8.7900 this year, reaching a new high 6 times. Still, the stock price is down -94.70% from the 52-week high.
Insider Transactions
UP stock investors should be aware that Wheels Up Experience Inc. (UP) stock had its last reported insider trading activity 225 days ago on Jan 03. On Jan 03, Chief Financial Officer Smith Todd Lamar sold 273,504 shares at $1.04 each. This transaction resulted in the insider making $283,897. On Dec 15, Dichter Kenneth H added 152,327 shares at a price of US$1.13. After the transaction, the insider now owns 14,851,599 shares. Chief Executive Officer Dichter Kenneth H had earlier bought 247,673 shares on Dec 14 for $1.15 a share. The transaction was completed for $284,180.
Valuation Metrics
Beta for the stock is 1.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.03, the price-to-book (PB) ratio of 0.23.
Financial Health
For the three months ended June 29, Wheels Up Experience Inc.’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.35, and the total debt to equity ratio is 1.52. As far as profitability goes, gross margin for the trailing twelve months is 2.80% percent. Wheels Up Experience Inc.’s EBITDA margin for the year ended June 29 was -18.15%, whereas its operating margin stood at -35.10% for the same period. Based on annual data, it had gross profit of $39.44 million and revenue of $1.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UP’s return on assets (ROA) during the last 12 months has been -30.90%. There was a -110.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -157.00%.
Earnings Surprise
According to Wheels Up Experience Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $351.81 million, while revenues rose by 7.44% to $408.26 million. It was predicted that Wheels Up Experience Inc.’s quarterly earnings would be -$2.41, but it ended up being -$3.41, beating the consensus by 29.30%. EBITDA was -$81.29 million for the quarter. At the end of Wheels Up Experience Inc.’s most recent quarter ended June 29, its liabilities totaled 1.55 billion, while its total debt was $324.54 million. Equity owned by shareholders amounts to $25.16 million.
Technical Picture
Here’s a quick look at Wheels Up Experience Inc.’s (UP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 40.79%, suggesting the stock is Neutral, with a 285.87% historical volatility rate.
The stochastic %K and %D were 19.28% and 13.85% respectively, while the average true range (ATR) was 0.4573. Based on the 14-day stochastic reading of 28.92%, the RSI (14) reading is 42.15%. On the 9-day MACD Oscillator, the stock is at -0.4289, and the 14-day reading is at -0.6071.
Analyst Ratings
In its analyst report released on June 15, 2022, Goldman began covering Wheels Up Experience Inc. (NYSE: UP). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Wheels Up Experience Inc. (UP) an Overweight rating. UP is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is UP’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $32.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Wheels Up Experience Inc. (UP) is $32.00.
