Upexi (NASDAQ:UPXI) Trading 0.1% Higher – Should You Buy?

Shares of Upexi, Inc. (NASDAQ:UPXI) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $0.89 and last traded at $0.8623. Approximately 583,421 shares were traded during trading, a decline of 63% from the average session volume of 1,560,740 shares. The stock had previously closed at $0.8617.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UPXI shares. Cantor Fitzgerald reduced their price target on shares of Upexi from $2.00 to $1.30 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Finally, Wall Street Zen raised shares of Upexi from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.10.

Upexi Trading Down 0.7%

The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day simple moving average of $0.98 and a two-hundred day simple moving average of $1.20. The company has a market cap of $62.98 million, a PE ratio of -1.29 and a beta of -0.29.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.47). Upexi had a negative return on equity of 66.70% and a negative net margin of 874.00%.The company had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $2.90 million.

Hedge Funds Weigh In On Upexi

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arrington Capital Management LLC bought a new position in Upexi during the fourth quarter valued at approximately $4,637,000. MMCAP International Inc. SPC lifted its position in Upexi by 203.4% during the 4th quarter. MMCAP International Inc. SPC now owns 2,326,777 shares of the company’s stock worth $3,909,000 after acquiring an additional 1,559,844 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Upexi during the 4th quarter valued at approximately $27,000. Millington Financial Advisors LLC boosted its position in shares of Upexi by 100.0% in the fourth quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock valued at $67,000 after acquiring an additional 20,000 shares during the period. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in shares of Upexi in the fourth quarter worth $255,000. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.