Upexi, Inc. (NASDAQ:UPXI - Get Free Report)'s stock price shot up 14.2% during trading on Friday . The company traded as high as $6.28 and last traded at $6.36. 3,543,281 shares were traded during mid-day trading, an increase of 10% from the average session volume of 3,233,449 shares. The stock had previously closed at $5.57.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on UPXI. Cantor Fitzgerald raised shares of Upexi from a "neutral" rating to an "overweight" rating and set a $16.00 price target for the company in a report on Monday, June 16th. Alliance Global Partners assumed coverage on shares of Upexi in a research note on Monday, August 4th. They set a "buy" rating and a $15.00 price objective for the company. Finally, Wall Street Zen raised shares of Upexi to a "hold" rating in a research note on Friday, May 30th.
Read Our Latest Stock Report on Upexi
Upexi Stock Up 0.7%
The company has a debt-to-equity ratio of 0.31, a current ratio of 0.37 and a quick ratio of 0.24. The company's 50 day simple moving average is $6.84 and its 200-day simple moving average is $6.08.
Upexi (NASDAQ:UPXI - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The company reported ($2.87) earnings per share (EPS) for the quarter. The firm had revenue of $3.16 million during the quarter. Upexi had a negative return on equity of 535.19% and a negative net margin of 135.86%.
Insider Activity
In related news, CEO Allan Marshall purchased 161,943 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was purchased at an average price of $4.94 per share, with a total value of $799,998.42. Following the completion of the purchase, the chief executive officer owned 1,046,261 shares of the company's stock, valued at approximately $5,168,529.34. The trade was a 18.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gene Salkind purchased 20,243 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were bought at an average cost of $4.94 per share, with a total value of $100,000.42. Following the purchase, the director directly owned 385,370 shares of the company's stock, valued at approximately $1,903,727.80. This represents a 5.54% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 198,186 shares of company stock valued at $997,759. Corporate insiders own 31.60% of the company's stock.
Institutional Trading of Upexi
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of Upexi in the fourth quarter valued at about $36,000. Geode Capital Management LLC bought a new position in Upexi in the second quarter worth approximately $1,002,000. NewGen Equity Long Short Fund bought a new position in Upexi in the second quarter worth approximately $1,720,000. Kathmere Capital Management LLC bought a new position in Upexi in the second quarter worth approximately $6,535,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Upexi during the second quarter worth $45,000. 5.68% of the stock is currently owned by institutional investors.
Upexi Company Profile
(
Get Free Report)
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.
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