Upexi (NASDAQ:UPXI) Shares Gap Up - Still a Buy?

Upexi, Inc. (NASDAQ:UPXI - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $12.00, but opened at $12.50. Upexi shares last traded at $13.42, with a volume of 162,423 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Upexi to a "hold" rating in a report on Friday, May 30th.

Upexi Price Performance

The firm's 50-day moving average price is $9.14 and its 200 day moving average price is $5.53. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35.

Upexi (NASDAQ:UPXI - Get Free Report) last issued its earnings results on Friday, May 16th. The company reported ($2.87) earnings per share (EPS) for the quarter. The company had revenue of $3.16 million for the quarter.

Insider Activity

In other news, CEO Allan Marshall acquired 657,895 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was purchased at an average price of $2.28 per share, for a total transaction of $1,500,000.60. Following the completion of the acquisition, the chief executive officer now directly owns 809,318 shares in the company, valued at $1,845,245.04. The trade was a 434.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Andrew James Norstrud bought 43,860 shares of the stock in a transaction dated Thursday, April 17th. The shares were purchased at an average cost of $2.28 per share, for a total transaction of $100,000.80. Following the completion of the transaction, the chief financial officer now directly owns 59,138 shares of the company's stock, valued at $134,834.64. This trade represents a 287.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 942,984 shares of company stock worth $2,150,004 in the last three months. Company insiders own 31.60% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can purchased a new stake in shares of Upexi, Inc. (NASDAQ:UPXI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,008 shares of the company's stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.81% of Upexi as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.68% of the company's stock.

Upexi Company Profile

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.