Alliance Global Partners initiated coverage on shares of Upexi (NASDAQ:UPXI – Get Rating) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, EF Hutton Acquisition Co. I reissued a “buy” rating and set a $7.00 price target on shares of Upexi in a research report on Wednesday, February 15th.
Upexi Stock Up 2.5 %
UPXI opened at $3.28 on Wednesday. Upexi has a 12-month low of $2.53 and a 12-month high of $6.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.56. The firm has a 50 day moving average of $4.02 and a two-hundred day moving average of $3.92.
Hedge Funds Weigh In On Upexi
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in shares of Upexi during the 1st quarter valued at approximately $246,000. BlackRock Inc. purchased a new stake in Upexi in the 1st quarter worth $71,000. Finally, Renaissance Technologies LLC purchased a new stake in Upexi in the 1st quarter worth $54,000. 3.05% of the stock is owned by hedge funds and other institutional investors.
Upexi, Inc manufacture 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. Upexi, Inc was incorporated in 2018 and is headquartered in Clearwater, Florida.
- Get a free copy of the StockNews.com research report on Upexi (UPXI)
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