Upexi Sees Unusually Large Options Volume (NASDAQ:UPXI)

Upexi, Inc. (NASDAQ:UPXI) saw unusually large options trading activity on Friday. Stock traders purchased 12,799 call options on the company. This represents an increase of approximately 473% compared to the typical volume of 2,232 call options.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPXI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Upexi in a research report on Friday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2.00 price objective on shares of Upexi in a research report on Friday. Finally, Wall Street Zen raised shares of Upexi from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Upexi currently has an average rating of “Hold” and a consensus price target of $5.00.

Upexi Stock Performance

Shares of NASDAQ:UPXI traded up $0.15 during midday trading on Friday, reaching $1.21. 6,771,355 shares of the company traded hands, compared to its average volume of 3,732,306. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $94.84 million, a price-to-earnings ratio of -1.93 and a beta of -0.21. Upexi has a 12 month low of $0.54 and a 12 month high of $7.75. The firm’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $1.03.

Institutional Investors Weigh In On Upexi

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its position in shares of Upexi by 47.1% during the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock worth $61,000 after purchasing an additional 24,885 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in Upexi by 19.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company’s stock valued at $119,000 after buying an additional 19,600 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in Upexi in the fourth quarter valued at about $255,000. Caitong International Asset Management Co. Ltd purchased a new stake in Upexi in the fourth quarter valued at about $268,000. Finally, Aristides Capital LLC purchased a new stake in shares of Upexi during the fourth quarter worth about $100,000. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Upexi Company Profile

Upexi, Inc (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company’s portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.