Upexi (NASDAQ:UPXI) Issues Earnings Results

Upexi (NASDAQ:UPXI) released its quarterly earnings data on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.91, FiscalAI reports. The company had revenue of $0.43 million during the quarter, compared to the consensus estimate of $4.20 million. Upexi had a negative net margin of 1,162.51% and a negative return on equity of 157.49%.

Upexi Price Performance

NASDAQ:UPXI traded down $0.06 during trading hours on Thursday, reaching $0.64. 1,346,799 shares of the stock were exchanged, compared to its average volume of 3,513,466. Upexi has a twelve month low of $0.54 and a twelve month high of $3.58. The firm has a 50 day moving average of $0.98 and a 200 day moving average of $1.03. The stock has a market cap of $56.20 million, a PE ratio of -0.15 and a beta of -0.28.

Wall Street Analysts Forecast Growth

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