Wheels Up Experience (NYSE:UP) Stock Price Up 7.4% – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price was up 7.4% on Tuesday . The company traded as high as $2.15 and last traded at $2.11. Approximately 764,736 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 1,013,309 shares. The stock had previously closed at $1.96.

Wheels Up Experience Trading Up 6.1 %

The firm has a market capitalization of $1.45 billion, a P/E ratio of -0.53 and a beta of 2.24. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31. The firm has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $2.34.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $196.29 million for the quarter. Wheels Up Experience had a negative net margin of 43.79% and a negative return on equity of 796.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UP. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the third quarter valued at $26,000. Renaissance Technologies LLC purchased a new stake in shares of Wheels Up Experience in the second quarter worth about $28,000. CIBC Asset Management Inc bought a new position in Wheels Up Experience during the second quarter valued at approximately $37,000. Capital Square LLC purchased a new position in Wheels Up Experience during the 1st quarter valued at approximately $41,000. Finally, SG Americas Securities LLC bought a new stake in Wheels Up Experience in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.