Wheels Up Experience Inc (NYSE: UP) Surprises Wall Street With 1.35% Stock Price Gain

Wheels Up Experience Inc (NYSE:UP) has a beta value of -92.97% and has seen 809.06 shares traded in the last trading session. The company, currently valued at $943.48M, closed the last trade at $1.28 per share which meant it lost -$30.72 on the day or 1.35% during that session. The UP stock price is -258.59% off its 52-week high price of $4.59 and 42.19% above the 52-week low of $0.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.13 million shares traded. The 3-month trading volume is 3.44 shares.

The consensus among analysts is that Wheels Up Experience Inc (UP) is Buy stock at the moment, with a recommendation rating of 47.65. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

Wheels Up Experience Inc (NYSE:UP) trade information

Sporting 1.35% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the UP stock price touched $1.28 or saw a rise of 22.42%. Year-to-date, Wheels Up Experience Inc shares have moved -28.57%, while the 5-day performance has seen it change -6.90%. Over the past 30 days, the shares of Wheels Up Experience Inc (NYSE:UP) have changed -18.18%. Short interest in the company has seen 15.78 million shares shorted with days to cover at 17.16.

Wall Street analysts have a consensus price target for the stock at $500, which means that the shares’ value could jump 99.74% from current levels. The projected low price target is $500.0 while the price target rests at a high of $500.0. In that case, then, we find that the current price level is -38962.5% off the targeted high while a plunge would see the stock gain -38962.5% from current levels.

Wheels Up Experience Inc (UP) estimates and forecasts

The company’s shares have lost -32.50% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 62.56% 43.68% over the past 5 years.

UP Dividends

Wheels Up Experience Inc is expected to release its next earnings report on 2024-Mar-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 13.44% of the company shares, while shares held by institutions stand at 87.31% with a share float percentage of 100.87%. Investors are also buoyed by the number of investors in a company, with Wheels Up Experience Inc having a total of 148.0 institutions that hold shares in the company. The top two institutional holders are DELTA AIR LINES, INC. with over 263.37 million shares worth more than $497.77 million. As of 2024-06-30, DELTA AIR LINES, INC. held 37.7613% of shares outstanding.

The other major institutional holder is KNIGHTHEAD CAPITAL MANAGEMENT, LLC, with the holding of over 258.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $487.94 million and represent 37.0095% of shares outstanding.

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