Upexi (NASDAQ:UPXI) Upgraded to Hold at Wall Street Zen

Upexi (NASDAQ:UPXI - Get Free Report) was upgraded by analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Friday.

Upexi Trading Up 3.5%

Shares of UPXI stock traded up $0.38 during mid-day trading on Friday, hitting $11.33. 206,446 shares of the stock traded hands, compared to its average volume of 863,105. The stock's fifty day moving average is $7.97 and its two-hundred day moving average is $5.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.58. Upexi has a 52-week low of $1.90 and a 52-week high of $22.57.

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

Insider Activity

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Upexi stock. Bank of Montreal Can bought a new position in shares of Upexi, Inc. (NASDAQ:UPXI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,008 shares of the company's stock, valued at approximately $36,000. Bank of Montreal Can owned approximately 0.81% of Upexi as of its most recent SEC filing. Hedge funds and other institutional investors own 5.68% of the company's stock.

About Upexi

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.