Upexi (NASDAQ:UPXI) Releases Quarterly Earnings Results, Beats Expectations By $0.91 EPS

Upexi (NASDAQ:UPXI) announced its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.91, FiscalAI reports. Upexi had a negative return on equity of 157.49% and a negative net margin of 984.34%. The company had revenue of $0.43 million during the quarter, compared to the consensus estimate of $4.20 million.

Upexi Stock Performance

Upexi stock traded down $0.04 during midday trading on Tuesday, hitting $0.62. 995,578 shares of the company’s stock were exchanged, compared to its average volume of 3,530,690. The stock has a market cap of $54.94 million, a price-to-earnings ratio of -0.15 and a beta of -0.28. Upexi has a 12-month low of $0.54 and a 12-month high of $3.65. The firm’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $1.04.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upexi in a report on Friday, September 4th. Wall Street Zen cut shares of Upexi from a “hold” rating to a “sell” rating in a report on Sunday, September 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $2.00 price objective on shares of Upexi in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

Upexi Company Profile

Upexi, Inc. (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages brands sold through e-commerce and other retail channels. Its portfolio has included products in categories such as wellness, beauty, pet care, household goods and consumer accessories. The company uses a multichannel model that includes third-party online marketplaces, including Amazon, as well as direct-to-consumer websites and selected retail distribution. Its activities generally include product development, brand management, supply-chain coordination, marketing and fulfillment.