Wheels Up Experience Inc (UP): Choosing The Technical Investor Route

Wheels Up Experience Inc (NYSE:UP) does about 617.24K shares in volume on a normal day but saw 1009640 shares change hands in Tuesday’s trading. The company now has a market cap of 1.87B USD. Its current market price is $2.68, marking an increase of 13.56% compared to the previous close of $2.36. The 52 week high reached by this stock is $6.08 whilst the lowest price level in 52 weeks is $0.98.

Wheels Up Experience Inc (UP) has a 20-day trading average at $2.38 and the current price is -55.92% off the 52-week high compared with 173.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.59 and its 200-day simple moving average is $2.48. If we look at the stock’s price movements over the week, volatility stands at 11.23%, which decreases to 9.23% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.58 to suggest the stock is neutral.

The consensus objective for the share price is $32.00, suggesting that the stock has a potential upside of 91.62% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 15, 2022 when Goldman initiated the stock to “Buy” and issued a price target of $5. Barrington Research downgraded its price target at $16.

Wheels Up Experience Inc (UP) stock is up 13.56% over the week and 0.75% over the past month. Its price is -21.87% year-to-date and -5.17% over the past year.

To reach the target analysts have set, the stock logically needs to grow 91.62 percent from here.

The company has a return on investment of -176.09% and return on equity of -589.70%. The beta has a value of 2.24. Price to book ratio is 2000.00 and price to sales ratio is 1.70.