Stocks of Wheels Up Experience Inc (NYSE:UP) traded higher last session on Wall Street, up 5.63% to $3.19.
UP stock price is now 38.33% away from the 50-day moving average and 25.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
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With the price target of $5, Goldman recently initiated with Buy rating for Wheels Up Experience Inc (NYSE: UP)., while ‘Barrington Research’ rates the stock as ‘Mkt Perform’
In other news, Heltebran Laura, Chief Legal Officer sold 28,413 shares of the company’s stock on Mar 13 ’24. The stock was sold for $72,169 at an average price of $2.54. Upon completion of the transaction, the Chief Legal Officer now directly owns 37,707 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, EVP, Charter & CEO Air Partner Briffa Mark sold 5,589 shares of the business’s stock. A total of $14,084 was realized by selling the stock at an average price of $2.52. This leaves the insider owning 58,471 shares of the company worth $0.19 million. A total of 50.48% of the company’s stock is owned by insiders.
During the past 12 months, Wheels Up Experience Inc has had a low of $1.03 and a high of $6.08. As of last week, the company has a debt-to-equity ratio of 337.09, a current ratio of 0.37, and a quick ratio of 0.35. The fifty day moving average price for UP is $2.3244 and a two-hundred day moving average price translates $2.5325 for the stock.
The latest earnings results from Wheels Up Experience Inc (NYSE: UP) was released for 2024-03-31. The net profit margin was -44.05% and return on equity was -589.70% for UP. The company reported revenue of $197.1 million for the quarter, compared to $351.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.98 percent.
