flyExclusive (NYSE:FLYX) Stock Price Down 0.6% – What’s Next?

flyExclusive, Inc. (NYSE:FLYX) shares traded down 0.6% during trading on Friday . The stock traded as low as $1.58 and last traded at $1.66. 387,884 shares changed hands during trading, a decline of 75% from the average daily volume of 1,547,388 shares. The stock had previously closed at $1.67.

flyExclusive Trading Down 0.6%

The stock has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $2.64. The stock has a market cap of $159.42 million, a price-to-earnings ratio of -1.87 and a beta of 0.22.

Institutional Investors Weigh In On flyExclusive

Several institutional investors have recently added to or reduced their stakes in FLYX. Geode Capital Management LLC boosted its holdings in flyExclusive by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock worth $467,000 after acquiring an additional 3,373 shares in the last quarter. Keel Point LLC acquired a new position in shares of flyExclusive during the first quarter valued at about $42,000. Citadel Advisors LLC acquired a new position in shares of flyExclusive during the third quarter valued at about $68,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of flyExclusive by 56,636.4% during the third quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock valued at $31,000 after acquiring an additional 6,230 shares in the last quarter. Institutional investors and hedge funds own 12.99% of the company’s stock.

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.