Upexi (NASDAQ:UPXI) Stock Price Up 4.8% – Should You Buy?

Upexi, Inc. (NASDAQ:UPXI)’s stock price traded up 4.8% during trading on Tuesday . The stock traded as high as $1.99 and last traded at $1.98. 2,074,386 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 3,821,662 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen lowered Upexi from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Cantor Fitzgerald cut their price objective on Upexi from $16.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Industrial Alliance Securities set a $8.00 target price on shares of Upexi in a report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Upexi in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.67.

Upexi Price Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 3.41 and a quick ratio of 3.39. The firm has a 50-day moving average of $2.26 and a 200-day moving average of $4.59. The stock has a market cap of $125.16 million, a PE ratio of -0.47 and a beta of -0.48.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Upexi had a negative return on equity of 30.42% and a net margin of 264.25%.The business had revenue of $9.24 million during the quarter, compared to analysts’ expectations of $7.33 million.

Upexi declared that its Board of Directors has authorized a share buyback program on Thursday, November 13th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 25.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Upexi

In related news, Director Gene Salkind purchased 100,000 shares of Upexi stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $2.65 per share, for a total transaction of $265,000.00. Following the acquisition, the director owned 569,470 shares in the company, valued at approximately $1,509,095.50. The trade was a 21.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Allan Marshall acquired 100,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of $2.07 per share, with a total value of $207,000.00. Following the acquisition, the chief executive officer directly owned 3,946,261 shares in the company, valued at approximately $8,168,760.27. The trade was a 2.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 350,000 shares of company stock valued at $793,000 over the last ninety days. 4.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upexi

Several institutional investors have recently added to or reduced their stakes in UPXI. BlueCrest Capital Management Ltd purchased a new stake in shares of Upexi during the 3rd quarter worth approximately $407,000. Heights Capital Management Inc. bought a new stake in Upexi in the third quarter worth $1,442,000. Alyeska Investment Group L.P. purchased a new stake in Upexi during the third quarter valued at $7,175,000. Nomura Holdings Inc. purchased a new stake in Upexi during the third quarter valued at $104,000. Finally, Clear Street Group Inc. bought a new position in Upexi during the third quarter valued at $104,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.

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.