Upexi (NASDAQ:UPXI) Trading Down 9.4% - Here's What Happened

Key Points

• Upexi shares fell 9.4% to about $0.746, with trading volume rising 155% above the average session level.
• The company reported a significant quarterly miss, posting an adjusted loss of $1.67 per share versus analyst expectations of a $0.20 loss, while revenue of $1.05 million fell short of the $2.90 million estimate.
• Analyst sentiment remains mixed: Cantor Fitzgerald lowered its price target to $1.30 while retaining an “overweight” rating, and Upexi has a consensus “Hold” rating with an average target of $4.65.

Shares of Upexi, Inc. (NASDAQ:UPXI - Get Free Report) fell 9.4% during mid-day trading on Thursday . The stock traded as low as $0.7410 and last traded at $0.7459. Approximately 2,082,690 shares traded hands during trading, an increase of 155% from the average session volume of 816,614 shares. The stock had previously closed at $0.8236.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Cantor Fitzgerald lowered their target price on Upexi from $2.00 to $1.30 and set an "overweight" rating for the company in a research report on Wednesday, July 1st. Weiss Ratings cut Upexi from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded Upexi from a "strong sell" rating to a "sell" rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Upexi presently has a consensus rating of "Hold" and an average price target of $4.65.

Upexi Trading Down 9.4%

The business has a fifty day moving average of $0.85 and a 200-day moving average of $1.05. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $58.70 million, a P/E ratio of -1.20 and a beta of -0.27.

Upexi (NASDAQ:UPXI - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($1.47). The company had revenue of $1.05 million for the quarter, compared to analyst estimates of $2.90 million. Upexi had a negative net margin of 874.00% and a negative return on equity of 66.70%.

Institutional Investors Weigh In On Upexi

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Upexi by 3,733.8% in the 3rd quarter. Bank of America Corp DE now owns 13,725 shares of the company's stock worth $79,000 after buying an additional 13,367 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Upexi during the fourth quarter valued at approximately $27,000. Nomura Holdings Inc. bought a new position in shares of Upexi during the third quarter valued at approximately $104,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Upexi by 19.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company's stock valued at $119,000 after acquiring an additional 19,600 shares in the last quarter. Finally, Millington Financial Advisors LLC lifted its stake in Upexi by 100.0% in the fourth quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company's stock worth $67,000 after acquiring an additional 20,000 shares during the period. 5.68% of the stock is owned by hedge funds and other institutional investors.

Upexi Company Profile

Upexi NASDAQ: UPXI is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company's expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.

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