Wheels Up Experience Inc (NYSE: UP): Stock Forecast For 2024 Still Looks Weak With A -23264.49% Decline

In the last trading session, 1.33 million shares of the Wheels Up Experience Inc (NYSE:UP) were traded, and its beta was 2.31. Most recently the company’s share price was $2.14, and it changed around $0.04 or 1.90% from the last close, which brings the market valuation of the company to $1.52B. UP currently trades at a discount to its 52-week high of $6.08, offering almost -184.11% off that amount. The share price’s 52-week low was $1.40, which indicates that the current value has risen by an impressive 34.58% since then. We note from Wheels Up Experience Inc’s average daily trading volume that its 10-day average is 1.29 million shares, with the 3-month average coming to 959.84K.

Wheels Up Experience Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended UP as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Wheels Up Experience Inc is expected to report earnings per share of 0 for the current quarter.

Wheels Up Experience Inc (NYSE:UP) trade information

Instantly UP has showed a green trend with a performance of 1.90% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.58 on recent trading dayincreased the stock’s daily price by 17.05%. The company’s shares are currently down -37.61% year-to-date, but still down -14.40% over the last five days. On the other hand, Wheels Up Experience Inc (NYSE:UP) is -1.38% down in the 30-day period. We can see from the shorts that 10.77 million shares have been sold at a short interest cover period of 12.84 day(s).

The consensus price target as assigned by Wall Street analysts is $500, which translates to bulls needing to increase their stock price by 99.57% from its current value. Analyst projections state that UP is forecast to be at a low of $500 and a high of $500.

UP Dividends

Wheels Up Experience Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 13.39% of Wheels Up Experience Inc shares, and 87.77% of them are in the hands of institutional investors. The stock currently has a share float of 101.33%. Wheels Up Experience Inc stock is held by 139.0 institutions, with UNCONVENTIONAL INVESTOR, LLC being the largest institutional investor. By 2024-06-30, it held 0.0024% of the shares, which is about 16666.0 shares worth $31499.0.