Wheels Up Experience Inc (NYSE:UP) Has Recovered -72.42 Percent This Year, But Further Gains Of -271.1% Are Not Out Of The Question.

In last trading session, Wheels Up Experience Inc (NYSE:UP) saw 0.73 million shares changing hands with its beta currently measuring 2.29. Company’s recent per share price level of $3.53 trading at $0.1 or 2.92% at ring of the bell on the day assigns it a market valuation of $2.46B. That closing price of UP’s stock is at a discount of -271.1% from its 52-week high price of $13.10 and is indicating a premium of 72.24% from its 52-week low price of $0.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.7 million shares which gives us an average trading volume of 1.34 million if we extend that period to 3-months.

Wheels Up Experience Inc (NYSE:UP) trade information

Upright in the green during last session for gaining 2.92%, in the last five days UP remained trading in the green while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $3.53 price level, adding 3.29% to its value on the day. Wheels Up Experience Inc’s shares saw a change of 2.92% in year-to-date performance and have moved 4.44% in past 5-day. Wheels Up Experience Inc (NYSE:UP) showed a performance of -16.94% in past 30-days. Number of shares sold short was 3.15 million shares which calculate 1.3 days to cover the short interests.

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Wheels Up Experience Inc (UP) estimates and forecasts

This year revenue growth is estimated to fall -6.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $390.1 million for the same. And 1 analysts are in estimates of company making revenue of $376.18 million in the next quarter that will end on Mar 2024. Company posted $408.26 million and $351.81 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -4.40% while estimating it to be 6.90% for the next quarter.

UP Dividends

Wheels Up Experience Inc is more likely to be releasing its next quarterly report between March 09 and March 13 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 12.70% of company’s total shares while institution are holding 81.51 percent of that, with stock having share float percentage of 93.37%. Investors also watch the number of corporate investors in a company very closely, which is 81.51% 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 65.76 million shares of worth $232.14 million. And as of Sep 29, 2023, it was holding 39.42% of the company’s outstanding shares.

The second largest institutional holder is Knighthead Capital Management, Llc, which was holding about 60.56 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 36.31% of outstanding shares, having a total worth of $213.79 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.52 million shares of worth $1.85 million or 0.31% of the total outstanding shares. The later fund manager was in possession of 0.25 million shares on Sep 29, 2023, making its stake of worth around $0.9 million in the company or a holder of 0.15% of company’s stock.

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