Wheels Up Experience Inc (NYSE:UP) price on Friday, June 13, fall -8.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.33.
A look at the stock’s price movement, the close in the last trading session was $1.45. Turning to its 52-week performance, $4.59 and $0.74 were the 52-week high and 52-week low respectively. Overall, UP moved -15.82% over the past month.
Wheels Up Experience Inc’s market cap currently stands at around $929.50 million, with investors looking forward to this quarter’s earnings report slated for in July.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend UP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UP’s current price about -11.39% and 8.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.94, while 7-day volatility ratio is 3.41% and 7.19% in the 30-day chart. Further, Wheels Up Experience Inc (UP) has a beta value of 2.38, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $500, forecast between a low of $500 and high of $500. Looking at the price targets, the low is -37493.98% off current price level while to achieve the yearly target high, price needs to move -37493.98%. Nonetheless, investors will most likely welcome a -37493.98% jump to $500 which is the analysts’ median price.
If we refocus on Wheels Up Experience Inc (NYSE:UP), historical trading data shows that trading volumes averaged 785.51K over the past 3 months. The company’s latest data on shares outstanding shows there are 698.86 million shares.
The 51.28% of Wheels Up Experience Inc’s shares are in the hands of company insiders while institutional holders own 49.62% of the company’s shares. Current price change has pushed the stock -19.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UP stock continues to rise going into the next quarter.
