Upexi (NASDAQ:UPXI) Stock Price Down 2.4% – Here’s What Happened

Shares of Upexi, Inc. (NASDAQ:UPXI) were down 2.4% on Wednesday . The stock traded as low as $0.9140 and last traded at $0.9291. Approximately 2,598,751 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 2,437,939 shares. The stock had previously closed at $0.9517.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UPXI shares. Cantor Fitzgerald raised Upexi to a “strong-buy” rating in a research note on Thursday, April 9th. Weiss Ratings cut Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised shares of Upexi from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Upexi currently has an average rating of “Moderate Buy” and an average target price of $8.33.

Upexi Stock Performance

The stock has a market capitalization of $63.77 million, a price-to-earnings ratio of -1.46 and a beta of -0.35. The company has a 50 day simple moving average of $1.22 and a 200-day simple moving average of $1.43. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96.

Upexi (NASDAQ:UPXI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($1.67) EPS for the quarter, missing the consensus estimate 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 return on equity of 66.70% and a negative net margin of 874.00%.

Institutional Investors Weigh In On Upexi

Large investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC boosted its holdings in Upexi by 203.4% in the fourth quarter. MMCAP International Inc. SPC now owns 2,326,777 shares of the company’s stock worth $3,909,000 after acquiring an additional 1,559,844 shares in the last quarter. Arrington Capital Management LLC bought a new stake in shares of Upexi during the fourth quarter valued at approximately $4,637,000. Millington Financial Advisors LLC increased its holdings in shares of Upexi by 100.0% during the fourth quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock valued at $67,000 after acquiring an additional 20,000 shares in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Upexi during the fourth quarter worth approximately $27,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Upexi during the third quarter worth approximately $407,000. 5.68% of the stock is currently owned by institutional investors and hedge funds.

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.