Upexi (NASDAQ:UPXI) Shares Down 9.4% – What’s Next?

Shares of Upexi, Inc. (NASDAQ:UPXI) dropped 9.4% during mid-day trading on Thursday . The company traded as low as $0.7410 and last traded at $0.7459. 2,082,690 shares changed hands during mid-day trading, an increase of 155% from the average session volume of 816,614 shares. The stock had previously closed at $0.8236.

Analyst Ratings Changes

A number of research analysts recently issued reports on UPXI shares. Cantor Fitzgerald lowered their price target on shares of Upexi from $2.00 to $1.30 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen raised Upexi from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Finally, Weiss Ratings cut Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.65.

Upexi Price Performance

The firm has a market capitalization of $58.70 million, a PE ratio of -1.20 and a beta of -0.27. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $1.05.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $2.90 million.

Institutional Investors Weigh In On Upexi

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Upexi by 3,733.8% in the 3rd quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after purchasing an additional 13,367 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Upexi during the 4th quarter valued at about $27,000. Nomura Holdings Inc. purchased a new position in shares of Upexi during the third quarter valued at about $104,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Upexi during the fourth quarter valued at about $35,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Upexi in the third quarter worth about $194,000. 5.68% of the stock is owned by 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.