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Tuesday, June 6, 2023

Momentum Is Strong For Wheels Up Experience Inc. (NYSE: UP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Wheels Up Experience Inc. (UP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0209, or 4.36%, to $0.4999. The Wheels Up Experience Inc. has recorded 21,355 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Wheels Up Adds Key Senior Talent to Drive Business Transformation.

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Stocks Info

This NYSE-listed company operates within the Airports & Air Services industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $0.48 and fluctuated between $0.5000 as its day high and $0.4500 as its day low. The current market capitalization of Wheels Up Experience Inc. is $127.01M. A total of 1.04 million shares were traded on the day, compared to an average of 1.63M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 8 SELLs from insiders. Insiders purchased 4,854,882 shares during that period but sold 3,788,495.

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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UP in the last 3 months, the mean price target is $2.70 with high estimates of $4.00 and low estimates of $1.80. In terms of 52-week highs and lows, UP has a high of $3.26 and a low of $0.37.

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 5 estimates, with a high estimate of $-0.28 per share and a lower estimate of $-0.41. The company reported an EPS of $-0.26 in the last quarter, which was 16.10% higher than expectations of $-0.31.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. UP’s latest balance sheet shows that the firm has $784.57M in Cash & Short Term Investments as of fiscal 2021. There were $115.08M in debt and $1.14B in liabilities at the time. Its Book Value Per Share was $1.02, while its Total Shareholder’s Equity was $736.23M.

Analysts Opinion

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. 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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