flyExclusive (NYSE:FLYX) Sets New 12-Month High - Still a Buy?

Key Points

• flyExclusive's share price reached a new 52-week high of $6.45 during trading, closing at $5.57 after a rise of 8.2%.
• The company has a market capitalization of $434.30 million and a price-to-earnings ratio of -4.93, suggesting potential volatility.
• Institutional investors and hedge funds hold 12.99% of the stock, with recent significant stakes acquired by firms such as Entrust Global Partners, valued at approximately $43.39 million.

flyExclusive, Inc. (NYSE:FLYX - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.45 and last traded at $5.57, with a volume of 76046 shares trading hands. The stock had previously closed at $5.01.

flyExclusive Stock Performance

The firm has a market capitalization of $417.48 million, a price-to-earnings ratio of -4.74 and a beta of 0.20. The business's 50-day moving average is $3.40 and its two-hundred day moving average is $3.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLYX. Citadel Advisors LLC acquired a new position in flyExclusive in the fourth quarter valued at about $70,000. Axxcess Wealth Management LLC purchased a new stake in flyExclusive in the 1st quarter valued at $47,000. Entrust Global Partners L L C bought a new position in flyExclusive in the 1st quarter valued at $43,390,000. Finally, MBL Wealth LLC bought a new position in shares of flyExclusive during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 12.99% of the company's stock.

About flyExclusive

flyExclusive, Inc, through its subsidiary, LGM Enterprises, LLC., owns and operates private jets in North America. It also offers jet charter services; and aircraft maintenance, repair, overhaul (MRO) operations, and interior and exterior refurbishment services, as well as wholesale and retail ad hoc flights, a jet club program, partnership program, fractional program, and other services.