Wheels Up Experience Inc. [UP] fell -54.76% so far this year. What now?



Wheels Up Experience Inc. [NYSE: UP] price plunged by -4.45 percent to reach at -$0.21. The company report on November 10, 2021 that Wheels Up Announces Record Revenue for Third Quarter 2021.

Company Continues to Invest in its Marketplace Platform.

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Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2021.

A sum of 2492883 shares traded at recent session while its average daily volume was at 2.34M shares. Wheels Up Experience Inc. shares reached a high of $4.70 and dropped to a low of $4.382 until finishing in the latest session at $4.51.

The one-year UP stock forecast points to a potential upside of 58.39. The average equity rating for UP stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Wheels Up Experience Inc. [UP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UP shares is $10.84 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UP stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barrington Research have made an estimate for Wheels Up Experience Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 16, 2021. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Underweight. The new note on the price target was released on November 09, 2021, representing the official price target for Wheels Up Experience Inc. stock. Previously, the target price had yet another raise to $14, while Credit Suisse analysts kept a Outperform rating on UP stock.

The Average True Range (ATR) for Wheels Up Experience Inc. is set at 0.30, with the Price to Sales ratio for UP stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 2.33.

UP Stock Performance Analysis:

Wheels Up Experience Inc. [UP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.37. With this latest performance, UP shares dropped by -1.10% in over the last four-week period, additionally sinking by -54.81% over the last 6 months – not to mention a drop of -55.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UP stock in for the last two-week period is set at 44.83, with the RSI for the last a single of trading hit 49.86, and the three-weeks RSI is set at 42.08 for Wheels Up Experience Inc. [UP]. The present Moving Average for the last 50 days of trading for this stock 5.52, while it was recorded at 4.54 for the last single week of trading, and 8.15 for the last 200 days.

Insight into Wheels Up Experience Inc. Fundamentals:

Reflecting on the efficiency of the workforce at the company, Wheels Up Experience Inc. [UP] managed to generate an average of -$768 per employee.Wheels Up Experience Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

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Wheels Up Experience Inc. [UP] Insider Position Details

There are presently around $411 million, or 36.10% of UP stock, in the hands of institutional investors. The top three institutional holders of UP stocks are: FMR LLC with ownership of 16,017,378, which is approximately 3239.041% of the company’s market cap and around 29.40% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 11,633,936 shares of the stock with an approximate value of $54.91 million in UP stocks shares; and HG VORA CAPITAL MANAGEMENT, LLC, currently with $42.48 million in UP stock with ownership of nearly New of the company’s market capitalization.

Positions in Wheels Up Experience Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 147 institutional holders increased their position in Wheels Up Experience Inc. [NYSE:UP] by around 80,835,834 shares. Additionally, 42 investors decreased positions by around 11,581,360 shares, while 8 investors held positions by with 5,389,075 shares. The mentioned changes placed institutional holdings at 87,028,119 shares, according to the latest SEC report filing. UP stock had 123 new institutional investments in for a total of 52,270,145 shares, while 34 institutional investors sold positions of 9,848,663 shares during the same period.