Wheels Up Experience (NYSE:UP) Stock Price Up 5.3% – Time to Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $2.20 and last traded at $2.20. 309,235 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,028,137 shares. The stock had previously closed at $2.09.

Wheels Up Experience Stock Up 4.3 %

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 50-day moving average of $2.06 and a 200 day moving average of $2.38. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -0.22 and a beta of 2.23.

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

Institutional Investors Weigh In On Wheels Up Experience

Hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in Wheels Up Experience in the 4th quarter valued at about $34,000. Cannon Global Investment Management LLC acquired a new position in Wheels Up Experience in the 1st quarter valued at $145,000. CCG Wealth Management LLC bought a new position in Wheels Up Experience during the 1st quarter worth $287,000. Fifth Lane Capital LP acquired a new stake in shares of Wheels Up Experience during the first quarter worth $45,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Wheels Up Experience in the first quarter valued at about $67,000. Institutional investors and hedge funds 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.