Upexi (NASDAQ:UPXI) Shares Up 0.1% – Time to Buy?

Shares of Upexi, Inc. (NASDAQ:UPXI) rose 0.1% on Wednesday . The company traded as high as $0.89 and last traded at $0.8623. 583,421 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,560,740 shares. The stock had previously closed at $0.8617.

Analyst Ratings Changes

UPXI has been the topic of a number of research reports. Wall Street Zen upgraded shares of Upexi from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Weiss Ratings downgraded shares of Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Finally, Cantor Fitzgerald dropped their price target on shares of Upexi from $2.00 to $1.30 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Upexi presently has an average rating of “Hold” and a consensus price target of $8.10.

Upexi Stock Up 0.1%

The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market cap of $67.86 million, a price-to-earnings ratio of -1.39 and a beta of -0.29. The business has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $1.20.

Upexi (NASDAQ:UPXI) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($1.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.47). Upexi had a negative return on equity of 66.70% and a negative net margin of 874.00%.The company had revenue of $1.05 million for the quarter, compared to analyst estimates of $2.90 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC purchased a new stake in shares of Upexi in the 4th quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Upexi during the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Upexi during the 4th quarter worth about $58,000. Millington Financial Advisors LLC boosted its position in shares of Upexi by 100.0% during the 4th quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock worth $67,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Upexi by 3,733.8% during the 3rd quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after acquiring an additional 13,367 shares in the last quarter. Institutional investors and hedge funds own 5.68% of the company’s stock.

About Upexi

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.