1 Wheels Up Experience Inc. (UP) stock price performed bullish this week, opposing its all-time bearish performance. 2 In the last 1-year, UP stock price dropped over 79% while its 1-year price drop is over 90%. Wheels Up Experience Inc. (UP) stock price has shown a bearish marke...
- 1 Wheels Up Experience Inc. (UP) stock price performed bullish this week, opposing its all-time bearish performance.
- 2 In the last 1-year, UP stock price dropped over 79% while its 1-year price drop is over 90%.
Wheels Up Experience Inc. (UP) stock price has shown a bearish market trend for quite a long time, that witnessed investors lose confidence in UP share price. But, since the beginning of this week, UP stock price showed 46.26% bullishness with more than usual trading volume. It’s almost a month ago when UP share price started showing increased trading volume activities.
UP Stock Price Analysis
As the above price shows, UP stock price is nearing its 20 and 50-day moving average. The weekly bullishness of the stock price has now flipped back as bears once again showed their dominance. Moreover, the pre-market price further shows a slight price decline as it is resting at $2.07. According to its pre-market session, the UP share price may show further bearish trend near this weekend.
Furthermore, analysts have set their 1-year price target at $32.33 which showed an over 1400% price gain. Moreover, the maximum price estimate set by the analysts is at $40.00 while minimum estimate is at $25.00. Notably, in the past 3-months, analysts gave a “buy” rating to Wheels Up Experience Inc.
The Fundamentals of Wheels Up
Wheels Up Experience Inc. (NYSE: UP), a charter airline company, has a market cap of nearly $54.09 Million. On May 9, 2023, it reported its first quarter (Q1) 2023 earnings and revenue report that states its net income to be negative $100.87 Million.
According to its Q1 2023 report, the earnings per share (EPS) of Wheels Up Experience Inc. is negative $2.69 whereas the estimation was negative $3.06, which accounts for a 12.22% surprise. The revenue for the same period amounts to $351.81 Million, despite the estimated figure of $343.94 Million. For the upcoming Q2 2023 report, the estimated EPS is negative $3.27, and revenue is expected to reach $353.19 Million.
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