Wheels Up Experience Inc (UP) stock hits $2.22: Is it a good time to buy or wait for a dip?

Wheels Up Experience Inc [UP] stock prices are up 1.83% to $2.22 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UP shares have gain 11.00% over the last week, with a monthly amount drifted -0.89%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Wheels Up Experience Inc [NYSE: UP] stock has seen the most recent analyst activity on June 15, 2022, when Goldman initiated its Buy rating and assigned the stock a price target of $5. On November 16, 2021, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $16 on the stock. Morgan Stanley started tracking the stock assigning a Underweight rating and suggested a price target of $5.90 on November 09, 2021. Credit Suisse initiated its recommendation with a Outperform and recommended $14 as its price target on October 01, 2021. Raymond James started tracking with a Outperform rating for this stock on August 31, 2021, and assigned it a price target of $10. In a note dated August 19, 2021, Wolfe Research initiated an Peer Perform rating.

The stock price of Wheels Up Experience Inc [UP] has been fluctuating between $1.40 and $6.08 over the past year. Currently, Wall Street analysts expect the stock to reach $500 within the next 12 months. Wheels Up Experience Inc [NYSE: UP] shares were valued at $2.22 at the most recent close of the market. An investor can expect a potential return of 22422.52% based on the average UP price forecast.

Analyzing the UP fundamentals

The Wheels Up Experience Inc [NYSE:UP] reported sales of 833.67M for trailing twelve months, representing a drop of -39.42%. Gross Profit Margin for this corporation currently stands at 0.0% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is 14.57 and Total Capital is -1.68. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.14 points at the first support level, and at 2.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.28, and for the 2nd resistance point, it is at 2.33.

Ratios To Look Out For

It’s worth pointing out that Wheels Up Experience Inc [NYSE:UP]’s Current Ratio is 0.30. Further, the Quick Ratio stands at 0.27, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.89.

Transactions by insiders

Recent insider trading involved Heltebran Laura, Chief Legal Officer, that happened on Mar 13 ’24 when 28413.0 shares were sold. EVP, Charter & CEO Air Partner, Briffa Mark completed a deal on Mar 13 ’24 to sell 5589.0 shares.

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