Wheels Up Experience (NYSE:UP) Stock Price Up 8.2% – Should You Buy?

Posted by Matthew Steigler on Oct 16th, 2024

Wheels Up Experience Inc. (NYSE:UP – Get Free Report) rose 8.2% during trading on Wednesday . The stock traded as high as $2.25 and last traded at $2.24. Approximately 337,784 shares changed hands during trading, a decline of 67% from the average daily volume of 1,036,870 shares. The stock had previously closed at $2.07.

Wheels Up Experience Price Performance

The business has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.40. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.33. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -0.22 and a beta of 2.23.

Wheels Up Experience (NYSE:UP – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter. The company had revenue of $196.29 million during the quarter. Wheels Up Experience had a negative net margin of 43.79% and a negative return on equity of 796.67%.

Institutional Trading of Wheels Up Experience

Hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of Wheels Up Experience during the 4th quarter valued at $34,000. Capital Square LLC acquired a new position in Wheels Up Experience during the 1st quarter worth approximately $41,000. Renaissance Technologies LLC acquired a new stake in Wheels Up Experience in the second quarter valued at approximately $28,000. Fifth Lane Capital LP acquired a new stake in Wheels Up Experience in the first quarter valued at approximately $45,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Wheels Up Experience during the second quarter worth $37,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Wheels Up Experience Company Profile

(Get Free Report)

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.