Upexi (NASDAQ:UPXI) Stock Price Up 4.8% – What’s Next?

Upexi, Inc. (NASDAQ:UPXI)’s stock price rose 4.8% during mid-day trading on Tuesday . The stock traded as high as $1.99 and last traded at $1.98. Approximately 2,074,386 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 3,821,662 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Industrial Alliance Securities set a $8.00 target price on shares of Upexi in a report on Tuesday, January 13th. Wall Street Zen downgraded Upexi from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Upexi in a research report on Monday, December 29th. Finally, Cantor Fitzgerald cut their price objective on shares of Upexi from $16.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.67.

Upexi Stock Up 4.8%

The stock has a market cap of $125.16 million, a PE ratio of -0.47 and a beta of -0.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.41 and a quick ratio of 3.39. The company has a 50 day moving average price of $2.26 and a two-hundred day moving average price of $4.59.

Upexi (NASDAQ:UPXI) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $9.24 million during the quarter, compared to the consensus estimate of $7.33 million. Upexi had a negative return on equity of 30.42% and a net margin of 264.25%.

Upexi declared that its board has authorized a stock repurchase plan on Thursday, November 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 25.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Upexi

In related news, CEO Allan Marshall bought 50,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average price of $1.80 per share, with a total value of $90,000.00. Following the transaction, the chief executive officer owned 4,046,261 shares in the company, valued at approximately $7,283,269.80. This trade represents a 1.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gene Salkind bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were bought at an average price of $2.55 per share, with a total value of $127,500.00. Following the completion of the purchase, the director owned 218,750 shares in the company, valued at approximately $557,812.50. The trade was a 29.63% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 350,000 shares of company stock worth $793,000 in the last 90 days. 4.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UPXI. Ameritas Advisory Services LLC purchased a new stake in shares of Upexi during the 3rd quarter valued at about $26,000. Belpointe Asset Management LLC bought a new stake in Upexi during the third quarter valued at approximately $58,000. Arkadios Wealth Advisors purchased a new stake in Upexi during the third quarter valued at approximately $58,000. GSA Capital Partners LLP purchased a new stake in Upexi during the third quarter valued at approximately $66,000. Finally, Bank of America Corp DE raised its position in Upexi by 3,733.8% in the third quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after acquiring an additional 13,367 shares during the period. 5.68% of the stock is owned by hedge funds and other institutional investors.

About Upexi

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.