Upexi (NASDAQ:UPXI) Issues Quarterly Earnings Results

Upexi (NASDAQ:UPXI) issued its earnings results on Tuesday. The company reported $0.68 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.91, FiscalAI reports. Upexi had a negative return on equity of 157.49% and a negative net margin of 984.34%. The business had revenue of $0.43 million during the quarter, compared to the consensus estimate of $4.20 million.

Upexi Stock Performance

Upexi stock traded down $0.04 during midday trading on Tuesday, hitting $0.62. 995,578 shares of the company’s stock were exchanged, compared to its average volume of 3,530,690. Upexi has a 52-week low of $0.54 and a 52-week high of $3.65. The stock has a 50-day moving average price of $1.00 and a two-hundred day moving average price of $1.04. The company has a market cap of $54.94 million, a P/E ratio of -0.15 and a beta of -0.28.

Analyst Upgrades and Downgrades

UPXI has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Upexi in a research report on Friday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2.00 target price on shares of Upexi in a report on Friday, September 18th. Finally, Wall Street Zen cut shares of Upexi from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Upexi presently has an average rating of “Hold” and an average price target of $5.00.

About Upexi

Upexi, Inc. (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages brands sold through e-commerce and other retail channels. Its portfolio has included products in categories such as wellness, beauty, pet care, household goods and consumer accessories. The company uses a multichannel model that includes third-party online marketplaces, including Amazon, as well as direct-to-consumer websites and selected retail distribution. Its activities generally include product development, brand management, supply-chain coordination, marketing and fulfillment.