At the last check on Friday, Wheels Up Experience Inc.’s (NYSE:UP) stock was up $0.04, moving up 2.09 percent to $1.96. The average number of shares traded per day over the past five days has been 609,445 shares. 5 times new highs have been achieved over the past 5 days, with a $0.6200 gain in that time frame. In the last twenty days, the average volume was 2,207,941, while in the previous 50 days, it was 1,622,759.
Since last month, UP stock retreated -16.94%. Shares of the company fell to $1.0300 on 08/11/23, the lowest level in the past month. A 52-week high of $18.90 was reached on 01/11/23 after having rallying from a 52-week low of $0.98. Since the beginning of this year, UP’s stock price has dropped by -80.97% or -$8.3400, and marked a new high 6 times. However, the stock has declined by -89.63% since its 52-week high.
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UP stock investors should be aware that Wheels Up Experience Inc. (UP) stock had its last reported insider trading activity 241 days ago on Jan 03. Smith Todd Lamar, the Chief Financial Officer of the company, disposed of 273,504 shares for $1.04 on Jan 03. It resulted in a $283,897 divestment by the insider. Dichter Kenneth H added 152,327 shares at an average price of $1.13 on Dec 15. The insider now owns 14,851,599 shares following the transaction. On Dec 14, Chief Executive Officer Dichter Kenneth H bought 247,673 shares at $1.15 apiece. The transaction was valued at $284,180.
Valuation Metrics
The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.03, the price-to-book (PB) ratio of 3.92.
Financial Health
In the three months ended June 29, Wheels Up Experience Inc.’s quick ratio stood at 0.30, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 16.41, and the total debt-to-equity ratio was 18.48. On the profitability front, the trailing twelve-month gross margin is 2.30% percent. In the year ended June 29, EBITDA margin amounted to -18.15%, whereas operating margins totaled -41.10%. Based on annual data, UP earned $39.44 million in gross profit and brought in $1.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -110.90%. Return on equity (ROE) for the past 12 months was -290.30%.
In Wheels Up Experience Inc.’s quarter-end financial report for June 29, it reported total debt of $210.05 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UP’s revenue fell -27.0% to $351.81 million during the quarter, while net income inched up to $335.06 million. While analysts expected Wheels Up Experience Inc. to report -$3.41 quarterly earnings, the actual figure was -$2.41 per share, beating the consensus estimate by 29.30%. During the quarter, the company generated -$67.66 million in EBITDA. The liabilities of Wheels Up Experience Inc. were 1.37 billion at the end of its most recent quarter ended June 29, and its total debt was $307.88 million. The value of shareholders’ equity is $25.38 million.
Technical Picture
This quick technical analysis looks at Wheels Up Experience Inc.’s (UP) price momentum. With a historical volatility rate of 189.71%, the RSI 9-day stood at 62.50% on 31 August.
With respect to its five-day moving average, the current Wheels Up Experience Inc. price is up by +46.27% percent or $0.6200. At present, UP shares trade -11.31% below its 20-day simple moving average and -52.92% percent below its 100-day simple moving average. However, the stock is currently trading approximately +58.06% above its SMA50 and -86.93% below its SMA200.
Stochastic coefficient K was 80.42% and Stochastic coefficient D was 65.26%, while ATR was 0.2909. Given the Stochastic reading of 84.16% for the 14-day period, the RSI (14) reading has been calculated as 56.08%. As of today, the MACD Oscillator reading stands at 0.3378, while the 14-day reading stands at 0.3548.
Analyst Ratings
Goldman launched its rating on Wheels Up Experience Inc. (NYSE: UP) to a Buy in a note to investors on June 15, 2022. Wheels Up Experience Inc. (UP) has been rated Overweight by analysts. According to 0 brokerage firms, UP is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Wheels Up Experience Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $32.00 – $32.00. Based on these forecasts, analysts predict Wheels Up Experience Inc. (UP) will achieve an average price target of $32.00.
