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Upexi (NASDAQ:UPXI) Shares Up 7.4%

Defense World ·  Jan 11, 2023 02:41

Upexi, Inc. (NASDAQ:UPXI – Get Rating)'s share price shot up 7.4% on Tuesday . The company traded as high as $3.04 and last traded at $3.03. 26,921 shares were traded during mid-day trading, an increase of 9% from the average session volume of 24,790 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

A number of research firms have recently weighed in on UPXI. TheStreet downgraded shares of Upexi from a "c-" rating to a "d" rating in a report on Friday, December 23rd. EF Hutton Acquisition Co. I restated a "buy" rating and issued a $7.00 target price on shares of Upexi in a report on Monday, December 19th.

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Upexi Trading Up 7.4 %

The company has a current ratio of 1.60, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $3.90.

Upexi (NASDAQ:UPXI – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.16) EPS for the quarter. Upexi had a negative return on equity of 13.93% and a negative net margin of 9.97%. The firm had revenue of $11.56 million for the quarter.

Insider Buying and Selling

In related news, CEO Allan Marshall acquired 12,000 shares of the stock in a transaction on Friday, December 9th. The stock was bought at an average cost of $4.11 per share, with a total value of $49,320.00. Following the transaction, the chief executive officer now directly owns 2,557,778 shares in the company, valued at $10,512,467.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 54.96% of the stock is owned by corporate insiders.

Upexi Company Profile

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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.

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