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Tuesday, January 31, 2023

Wheels Up Experience Inc. (NYSE: UP) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Wheels Up Experience Inc. (UP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -1.36%, to $1.45. The Wheels Up Experience Inc. has recorded 13,362 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Wheels Up and AirMed Announce Global Partnership to Offer Industry-Leading Suite of Medical-Travel Services to Members.

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Stocks Info

Wheels Up Experience Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Airports & Air Services industry. At the end of the last regular session, the stock closed at $1.47 and fluctuated between $1.5000 as its day high and $1.4200 as its day low. The current market capitalization of Wheels Up Experience Inc. is $366.29M. A total of 0.85 million shares were traded on the day, compared to an average of 1.71M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, UP has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 400,000 and the disposition of 9,592 shares. Over the last 12 months, there were 21 BUYs and 9 SELLs from insiders. Insiders purchased 7,483,258 shares during that period but sold 2,303,136.

In the most recent transaction, Smith Todd Lamar sold 273,504 shares of UP for 1.04 per share on Jan 03. After the transaction, the Chief Financial Officer now owns 1,777,778 company shares. In a previous transaction on Dec 15, Dichter Kenneth H bought 152,327 shares at 1.13 per share. UP shares that Chief Executive Officer owns now total 14,851,599.

Among the insiders who bought shares, Dichter Kenneth H acquired of 247,673 shares on Dec 14 at a per-share price of $1.15. This resulted in the Chief Executive Officer holding 14,699,272 shares of UP after the transaction. In another insider transaction, Hegde Vinayak sold 9,592 shares at $1.58 per share on Nov 07. Company shares held by the President now total 2,065,385.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for UP in the last 3 months, the mean price target is $3.98 with high estimates of $5.00 and low estimates of $3.00. In terms of 52-week highs and lows, UP has a high of $4.48 and a low of $0.98.

As of this writing, UP has an earnings estimate of -$0.31 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.24 per share and a lower estimate of -$0.43. The company reported an EPS of -$0.25 in the last quarter, which was 28.60% higher than expectations of -$0.35.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UP is Overweight with a score of 4.25. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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