Upexi Target of Unusually Large Options Trading (NASDAQ:UPXI)

Key Points

• Upexi saw a major surge in call-option activity on Friday, with 12,799 contracts traded—473% above its average daily volume.
• Shares rose 14.2% to $1.21 on unusually heavy volume, though the stock remains well below its 52-week high of $7.75.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a $5.00 target price; institutional investors own 5.68% of the company.

Upexi, Inc. (NASDAQ:UPXI - Get Free Report) saw unusually large options trading activity on Friday. Stock traders acquired 12,799 call options on the company. This is an increase of 473% compared to the average daily volume of 2,232 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Upexi in a research report on Friday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $2.00 price objective on shares of Upexi in a research note on Friday. Finally, Wall Street Zen upgraded shares of Upexi from a "sell" rating to a "hold" rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Upexi has an average rating of "Hold" and a consensus target price of $5.00.

Upexi Stock Up 14.2%

UPXI traded up $0.15 on Friday, reaching $1.21. The company's stock had a trading volume of 6,771,355 shares, compared to its average volume of 3,732,306. The stock has a 50 day moving average of $0.92 and a two-hundred day moving average of $1.03. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $94.84 million, a price-to-earnings ratio of -1.93 and a beta of -0.21. Upexi has a fifty-two week low of $0.54 and a fifty-two week high of $7.75.

Hedge Funds Weigh In On Upexi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrington Capital Management LLC acquired a new stake in Upexi in the fourth quarter worth $4,637,000. MMCAP International Inc. SPC boosted its stake in Upexi by 203.4% during the 4th quarter. MMCAP International Inc. SPC now owns 2,326,777 shares of the company's stock valued at $3,909,000 after purchasing an additional 1,559,844 shares in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Upexi during the 4th quarter valued at $27,000. Millington Financial Advisors LLC grew its stake in shares of Upexi by 100.0% in the 4th quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company's stock worth $67,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in shares of Upexi by 47.1% in the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company's stock worth $61,000 after buying an additional 24,885 shares during the period. 5.68% of the stock is owned by hedge funds and other institutional investors.

About Upexi

Upexi, Inc NASDAQ: UPXI is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company's portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.