Upexi (NASDAQ:UPXI) Stock Price Up 7.2% – Here’s What Happened

Upexi, Inc. (NASDAQ:UPXI)’s stock price was up 7.2% during trading on Wednesday . The stock traded as high as $1.21 and last traded at $1.19. Approximately 3,694,022 shares changed hands during trading, a decline of 57% from the average daily volume of 8,682,356 shares. The stock had previously closed at $1.11.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UPXI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.00 price objective (down from $6.00) on shares of Upexi in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Upexi in a research report on Monday, December 29th. iA Financial set a $8.00 target price on Upexi in a report on Tuesday, January 13th. Finally, Wall Street Zen downgraded Upexi from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.33.

Upexi Price Performance

The company has a debt-to-equity ratio of 2.96, a current ratio of 2.20 and a quick ratio of 2.19. The company has a 50-day moving average price of $1.22 and a 200-day moving average price of $3.01. The firm has a market capitalization of $83.01 million, a PE ratio of -0.37 and a beta of -0.37.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($2.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($2.86). Upexi had a negative return on equity of 41.47% and a negative net margin of 496.86%.The company had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $9.42 million.

Hedge Funds Weigh In On Upexi

A number of institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Upexi in the 3rd quarter worth about $26,000. Clearstead Advisors LLC purchased a new stake in shares of Upexi during the 4th quarter worth about $27,000. Price T Rowe Associates Inc. MD acquired a new stake in Upexi during the 4th quarter worth approximately $35,000. Belpointe Asset Management LLC acquired a new stake in Upexi during the 3rd quarter worth approximately $58,000. Finally, Arkadios Wealth Advisors purchased a new position in Upexi in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 5.68% of the company’s stock.

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.