Upexi, Inc. (NASDAQ:UPXI - Get Free Report)'s share price shot up 5.9% during mid-day trading on Monday . The company traded as high as $5.78 and last traded at $5.72. 2,714,626 shares changed hands during trading, a decline of 47% from the average session volume of 5,160,207 shares. The stock had previously closed at $5.40.
Analyst Ratings Changes
UPXI has been the topic of a number of research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Upexi in a report on Tuesday, October 14th. Alliance Global Partners initiated coverage on Upexi in a report on Monday, August 4th. They issued a "buy" rating and a $15.00 price objective on the stock. Finally, Cantor Fitzgerald raised Upexi to a "strong-buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.50.
Read Our Latest Analysis on Upexi
Upexi Price Performance
The firm has a 50 day moving average of $6.61 and a two-hundred day moving average of $7.32.
Institutional Investors Weigh In On Upexi
Large investors have recently added to or reduced their stakes in the business. Kathmere Capital Management LLC purchased a new position in shares of Upexi during the second quarter valued at approximately $6,535,000. North Star Investment Management Corp. purchased a new position in shares of Upexi during the second quarter valued at approximately $45,000. Geode Capital Management LLC purchased a new position in shares of Upexi during the second quarter valued at approximately $1,002,000. NewGen Asset Management Ltd purchased a new position in shares of Upexi during the second quarter valued at approximately $1,720,000. Finally, XTX Topco Ltd purchased a new position in shares of Upexi during the second quarter valued at approximately $249,000. Institutional investors and hedge funds own 5.68% of the company's stock.
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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