The trading price of Upexi Inc (NASDAQ:UPXI) closed higher on Tuesday, October 29, and closing at $8.55, 27.04% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.2101 and $12.67. In examining the 52-week price action we see that the stock hit a 52-week high of $33.00 and a 52-week low of $2.17. Over the past month, the stock has gained 118.11% in value.
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Upexi Inc, whose market valuation is $8.89 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Jul-09. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -2.2 per share this quarter, however they have predicted annual earnings per share of -9.8 for current year and -6.8 for next year.
Analysts have forecast the company to bring in revenue of 22.93M for the current quarter, with the likely lows of 22.93M and highs of 22.93M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 94.11M.
On the technical side, indicators suggest UPXI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that UPXI’s price is currently 129.99% off the SMA20 and 119.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.34, and weekly volatility stands at 101.07%. When measured over the past 30 days, the indicator reaches 44.07%. Upexi Inc (NASDAQ:UPXI)’s beta value is currently sitting at 0.46, while the Average True Range indicator is currently displaying 2.25.
To see how Upexi Inc stock has been performing in comparison to its peers in the industry, here are the numbers: UPXI stock’s performance was 27.04% in the latest trading, and -63.77% in the past year.
An evaluation of the daily trading volume of Upexi Inc (NASDAQ:UPXI) indicates that the 3-month average is 687.32K. However, this figure has increased over the past 10 days to an average of 5.1.
Currently, records show that 1.04 million of the company’s shares remain outstanding. The insiders hold 27.38% of outstanding shares, whereas institutions hold 3.19%. The stats also highlight that short interest as of 2024-10-15, stood at 17817.0 shares, resulting in a short ratio of 0.32 at that time. From this, we can conclude that short interest is 230.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 21442.0. However, since the stock’s price has seen -63.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
