Upexi (NASDAQ:UPXI – Get Free Report) issued its earnings results on Wednesday. The company reported $0.68 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.91, FiscalAI reports. Upexi had a negative return on equity of 157.49% and a negative net margin of 1,162.51%. The company had revenue of $0.43 million during the quarter, compared to the consensus estimate of $4.20 million.
Upexi Trading Up 11.7%
Shares of NASDAQ UPXI opened at $0.70 on Thursday. The firm has a market cap of $61.38 million, a P/E ratio of -0.17 and a beta of -0.28. Upexi has a 1-year low of $0.54 and a 1-year high of $3.65. The business’s 50 day moving average is $0.98 and its 200-day moving average is $1.03.
Wall Street Analyst Weigh In
Several equities analysts have commented on UPXI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Upexi in a report on Friday, September 4th. Wall Street Zen lowered shares of Upexi from a “hold” rating to a “sell” rating in a research report on Sunday, September 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $2.00 target price on shares of Upexi in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.00.
About Upexi
Upexi, Inc. (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages brands sold through e-commerce and other retail channels. Its portfolio has included products in categories such as wellness, beauty, pet care, household goods and consumer accessories. The company uses a multichannel model that includes third-party online marketplaces, including Amazon, as well as direct-to-consumer websites and selected retail distribution. Its activities generally include product development, brand management, supply-chain coordination, marketing and fulfillment.
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