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Wheels Up Experience Inc. (NYSE:UP) Has Already Recovered -0.72%, But Another -482.73% Drop Cannot Be Ruled Out.

In last trading session, Wheels Up Experience Inc. (NYSE:UP) saw 1.6 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.39 trading at -$0.02 or -1.42% at ring of the bell on the day assigns it a market valuation of $371.06M. That closing price of UP’s stock is at a discount of -482.73% from its 52-week high price of $8.10 and is indicating a discount of -0.72% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.88 million shares which gives us an average trading volume of 1.96 million if we extend that period to 3-months.

For Wheels Up Experience Inc. (UP), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.34 in the current quarter.

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Wheels Up Experience Inc. (NYSE:UP) trade information

Upright in the red during last session for losing -1.42%, in the last five days UP remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.39 price level, adding 13.66% to its value on the day. Wheels Up Experience Inc.’s shares saw a change of -70.04% in year-to-date performance and have moved -15.76% in past 5-day. Wheels Up Experience Inc. (NYSE:UP) showed a performance of -33.17% in past 30-days. Number of shares sold short was 8.22 million shares which calculate 2.24 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $4.80 to the stock, which implies a rise of 71.04% to its current value. Analysts have been projecting $2.40 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -331.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -72.66% for stock’s current value.

Wheels Up Experience Inc. (UP) estimates and forecasts

Statistics highlight that Wheels Up Experience Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -58.26% of value to its shares in past 6 months, showing an annual growth rate of -60.32% while that of industry is -4.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 25.70% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $309.24 million for the same. And 7 analysts are in estimates of company making revenue of $366.91 million in the next quarter that will end on Jun 2022.

UP Dividends

Wheels Up Experience Inc. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Wheels Up Experience Inc. (NYSE:UP)’s Major holders

Insiders are in possession of 10.48% of company’s total shares while institution are holding 64.42 percent of that, with stock having share float percentage of 71.96%. Investors also watch the number of corporate investors in a company very closely, which is 64.42% institutions for Wheels Up Experience Inc. that are currently holding shares of the company. Delta Air Lines Inc is the top institutional holder at UP for having 52.0 million shares of worth $161.72 million. And as of Mar 30, 2022, it was holding 21.15% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 21.34 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 8.68% of outstanding shares, having a total worth of $66.37 million.

On the other hand, Fidelity Growth Company Fund and Franklin Strategic Series-Franklin Growth Opportunities are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 7.1 million shares of worth $17.96 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 5.82 million shares on Apr 29, 2022, making its stake of worth around $17.74 million in the company or a holder of 2.36% of company’s stock.

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