Upexi Inc (NASDAQ:UPXI) price on Friday, October 25, rose 170.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.10.
A look at the stock’s price movement, the close in the last trading session was $3.00, moving within a range at $7.13 and $15.91. The beta value (5-Year monthly) was 0.448. Turning to its 52-week performance, $33.00 and $2.17 were the 52-week high and 52-week low respectively. Overall, UPXI moved 88.46% over the past month.
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Upexi Inc’s market cap currently stands at around $8.42 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Jul-09.
Analysts have a consensus estimate of 22.93M for the company’s revenue for the quarter, with a low and high estimate of 22.93M and 22.93M respectively. The average forecast suggests up to a 28.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 94.11M, representing a 16.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UPXI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
UPXI’s current price about 141.37% and 116.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.39, while 7-day volatility ratio is 85.10% and 38.72% in the 30-day chart. Further, Upexi Inc (UPXI) has a beta value of 0.45, and an average true range (ATR) of 1.89.
If we refocus on Upexi Inc (NASDAQ:UPXI), historical trading data shows that trading volumes averaged 0.75 over the past 10 days and 176.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.04 million shares.
The 27.38% of Upexi Inc’s shares are in the hands of company insiders while institutional holders own 3.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15523.0 on 2024-09-30, giving us a short ratio of 2.54. The data shows that as of 2024-09-30 short interest in Upexi Inc (UPXI) stood at 10.0 of shares outstanding, with shares short falling to 24760.0 registered in 2024-08-30. Current price change has pushed the stock -65.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UPXI stock continues to rise going into the next quarter.
