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
On July 20, 2023, Thursday’s trading session, Wheels Up Experience Inc. (UP) stock price opened at $2.23 and closed at $2.15 with a 1.38% price decline. As from the beginning of this week, UP share price noted bulls increased dominance which now, near to the weekend, accumulated bears dominance, as per the data sourced from TradingView, a web-based social network for traders.
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.
As the above chart shows, only the UP stock price has shown a weekly price gain. The rest of the airline’s stock price, such as Mesa Air Group Inc. (NASDAQ: MESA), Gol Linhas Aereas Inteligentes SA (NYSE: GOL), Blade Air Mobility Inc. (NASDAQ: BLDE), Bridger Aerospace Group Holdings Inc. (NASDAQ: BAER), JetBlue Airways Corporation (NASDAQ: JBLU), and Frontier Group Holdings Inc. (NASDAQ: ULCC) showed decline in its recent week price analysis.
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