Upexi Inc (NASDAQ: UPXI) Trading above Its 20 Day MA ($9.90), Why Showing An Interesting Price Pattern?

Upexi Inc (NASDAQ:UPXI) does about 2.21M shares in volume on a normal day but saw 4614848 shares change hands in the recent trading day. The company now has a market cap of 15.22M USD. Its current market price is $10.64, marking an increase of 7.37% compared to the previous close of $9.91. The 52 week high reached by this stock is $22.57 whilst the lowest price level in 52 weeks is $1.90.

Upexi Inc (UPXI) has a 20-day trading average at $9.90 and the current price is -52.86% off the 52-week high compared with 459.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.41 and its 200-day simple moving average is $4.63. If we look at the stock’s price movements over the week, volatility stands at 13.46%, which increases to 30.61% 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 56.76 to suggest the stock is neutral.

The consensus objective for the share price is $25.00, suggesting that the stock has a potential upside of 57.44% over the period.

The current price level is 7.47%, 96.65%, and 129.88% away from its SMA20, SMA50, and SMA200 respectively, with the UPXI price moving below the 50-day SMA on current market day. Upexi Inc (UPXI) stock is down -12.57% over the week and 356.65% over the past month. Its price is 203.13% year-to-date and 29.76% over the past year.

To reach the target analysts have set, the stock logically needs to grow 57.44 percent from here.

Outstanding shares total 1.43M with insiders holding 6.66% of the shares and institutional holders owning 0.04% of the company’s common stock. The company has a return on investment of -342.18% and return on equity of -72.85%. The beta has a value of -0.25. Price to book ratio is 2.96 and price to sales ratio is 0.19.