Let’s look at the key reasons that are pushing Wheels Up Experience Inc (UP) to new highs

Wheels Up Experience Inc (NYSE: UP) kicked off on Tuesday, up 7.72% from the previous trading day ,before settling in for the closing price of $2.72. Over the past 52 weeks, UP has traded in a range of $0.98-$6.08.

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Industrials Sector giant saw their annual sales surged by 27.82% over the last five years. While this was happening, its average annual earnings per share was recorded 78.81%. With a float of $344.50 million, this company’s outstanding shares have now reached $696.86 million.

The firm has a total of 2206 workers. Let’s measure their productivity.

Wheels Up Experience Inc (UP) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Airports & Air Services Industry. The insider ownership of Wheels Up Experience Inc is 50.60%, while institutional ownership is 48.07%. The most recent insider transaction that took place on Mar 13 ’24, was worth 72,169. In this transaction Chief Legal Officer of this company sold 28,413 shares at a rate of $2.54, taking the stock ownership to the 37,707 shares. Before that another transaction happened on Mar 13 ’24, when Company’s EVP, Charter & CEO Air Partner sold 5,589 for $2.52, making the entire transaction worth $14,084. This insider now owns 58,471 shares in total.

Wheels Up Experience Inc (UP) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$3.09 earnings per share (EPS), lower than consensus estimate (set at -$2.3) by -$0.79. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 78.81% per share during the next fiscal year.

Wheels Up Experience Inc (NYSE: UP) Trading Performance Indicators

Take a look at Wheels Up Experience Inc’s (UP) current performance indicators. Last quarter, stock had a quick ratio of 0.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.63.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.33 and is forecasted to reach -0.84 in one year’s time.

Technical Analysis of Wheels Up Experience Inc (UP)

Analysing the last 5-days average volume posted by the [Wheels Up Experience Inc, UP], we can find that recorded value of 0.51 million was lower than the volume posted last year of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 42.14%. Additionally, its Average True Range was 0.27.

During the past 100 days, Wheels Up Experience Inc’s (UP) raw stochastic average was set at 35.32%, which indicates a significant decrease from 57.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.58% in the past 14 days, which was lower than the 154.00% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.99, while its 200-day Moving Average is $2.38. Now, the first resistance to watch is $3.07. This is followed by the second major resistance level at $3.21. The third major resistance level sits at $3.37. If the price goes on to break the first support level at $2.77, it is likely to go to the next support level at $2.61. Now, if the price goes above the second support level, the third support stands at $2.47.

Wheels Up Experience Inc (NYSE: UP) Key Stats

The company with the Market Capitalisation of 2.04 billion has total of 697,321K Shares Outstanding. Its annual sales at the moment are 1,253 M in contrast with the sum of -487,390 K annual income. Company’s last quarter sales were recorded 246,380 K and last quarter income was -81,110 K.