Wheels Up Experience (NYSE:UP) Stock Price Up 7.4% – Here’s Why

Shares of Wheels Up Experience Inc. (NYSE:UP) rose 7.4% during trading on Tuesday . The stock 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 Stock Performance

The stock has a market capitalization of $1.42 billion, a P/E ratio of -0.55 and a beta of 2.24. The firm has a 50-day moving average of $2.12 and a 200 day moving average of $2.34. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 238.01.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the third quarter valued at $26,000. Capital Square LLC bought a new position in shares of Wheels Up Experience in the first quarter valued at about $41,000. Renaissance Technologies LLC bought a new position in shares of Wheels Up Experience in the second quarter valued at about $28,000. CIBC Asset Management Inc bought a new position in shares of Wheels Up Experience in the second quarter valued at about $37,000. Finally, SG Americas Securities LLC bought a new position in shares of Wheels Up Experience in the third quarter valued at about $56,000. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Company Profile

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.