flyExclusive (NYSE:FLYX) Trading 0.9% Higher – Time to Buy?

flyExclusive, Inc. (NYSE:FLYX) traded up 0.9% during mid-day trading on Thursday . The stock traded as high as $2.22 and last traded at $2.14. Approximately 319,807 shares were traded during trading, a decline of 81% from the average daily volume of 1,693,034 shares. The stock had previously closed at $2.12.

flyExclusive Stock Performance

The company has a market cap of $205.51 million, a P/E ratio of -2.40 and a beta of 0.18. The business has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.80.

Institutional Investors Weigh In On flyExclusive

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in flyExclusive by 56,636.4% in the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after purchasing an additional 6,230 shares during the period. Citadel Advisors LLC bought a new stake in flyExclusive during the third quarter valued at $68,000. Keel Point LLC acquired a new stake in shares of flyExclusive during the first quarter worth $42,000. Axxcess Wealth Management LLC raised its holdings in shares of flyExclusive by 11.0% during the third quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock worth $186,000 after purchasing an additional 3,750 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of flyExclusive by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock worth $467,000 after purchasing an additional 3,373 shares during the period. 12.99% of the stock is owned by institutional investors and hedge funds.

flyExclusive Company Profile

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.