Upexi Sees Unusually High Options Volume (NASDAQ:UPXI)

Upexi, Inc. (NASDAQ:UPXI) saw unusually large options trading activity on Wednesday. Stock traders bought 15,690 call options on the company. This represents an increase of 200% compared to the typical daily volume of 5,226 call options.

Upexi Price Performance

Shares of NASDAQ:UPXI opened at $0.96 on Friday. The company’s fifty day moving average is $1.50 and its two-hundred day moving average is $3.63. The company has a market cap of $66.97 million, a P/E ratio of -0.30 and a beta of -0.37. Upexi has a 12-month low of $0.54 and a 12-month high of $22.57. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 2.96.

Upexi (NASDAQ:UPXI) last issued its earnings results on Tuesday, February 10th. The company reported ($2.94) EPS for the quarter, missing the consensus estimate of ($0.08) by ($2.86). The business had revenue of $10.96 million during the quarter, compared to analyst estimates of $9.42 million. Upexi had a negative return on equity of 41.47% and a negative net margin of 496.86%.

Upexi declared that its board has authorized a stock buyback plan on Thursday, November 13th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 25.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $2.00 target price (down from $6.00) on shares of Upexi in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Upexi in a research note on Monday, December 29th. iA Financial set a $8.00 target price on Upexi in a research note on Tuesday, January 13th. Finally, Wall Street Zen lowered Upexi from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Upexi currently has an average rating of “Hold” and a consensus price target of $8.33.

Insider Buying and Selling at Upexi

In related news, CEO Allan Marshall acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the chief executive officer directly owned 4,046,261 shares of the company’s stock, valued at approximately $7,283,269.80. The trade was a 1.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 200,000 shares of company stock valued at $400,500. Corporate insiders own 4.42% of the company’s stock.

Institutional Trading of Upexi

A number of hedge funds have recently made changes to their positions in UPXI. Geode Capital Management LLC acquired a new stake in shares of Upexi during the second quarter worth approximately $1,002,000. NewGen Equity Long Short Fund acquired a new position in Upexi in the 2nd quarter valued at approximately $1,720,000. XTX Topco Ltd purchased a new stake in Upexi in the 2nd quarter worth approximately $249,000. Millington Financial Advisors LLC acquired a new stake in shares of Upexi during the 2nd quarter valued at $60,000. Finally, NewGen Asset Management Ltd acquired a new stake in shares of Upexi during the 2nd quarter valued at $1,720,000. 5.68% of the stock is 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.