Upexi (UPXI) to Release Earnings on Tuesday

Upexi (NASDAQ:UPXI) is expected to issue its results after the market closes on Tuesday, February 10th. Analysts expect the company to announce earnings of ($0.0750) per share and revenue of $9.4210 million for the quarter.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $9.24 million during the quarter, compared to analyst estimates of $7.33 million. Upexi had a negative return on equity of 30.42% and a net margin of 264.25%.

Upexi Price Performance

Shares of NASDAQ UPXI traded down $0.07 during trading on Tuesday, hitting $1.55. The company had a trading volume of 2,842,773 shares, compared to its average volume of 3,895,249. Upexi has a 52 week low of $1.45 and a 52 week high of $22.57. The business’s 50-day moving average is $2.20 and its 200 day moving average is $4.46. The company has a market cap of $97.98 million, a P/E ratio of -0.37 and a beta of -0.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.39 and a current ratio of 3.41.

Upexi announced that its Board of Directors has initiated a share repurchase program on Thursday, November 13th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 25.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UPXI shares. Wall Street Zen cut Upexi from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Upexi in a research report on Monday, December 29th. Cantor Fitzgerald reduced their price target on shares of Upexi from $16.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Finally, Industrial Alliance Securities set a $8.00 price objective on shares of Upexi in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.67.

Insider Activity

In other news, CEO Allan Marshall purchased 100,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of $2.07 per share, with a total value of $207,000.00. Following the purchase, the chief executive officer directly owned 3,946,261 shares of the company’s stock, valued at approximately $8,168,760.27. This trade represents a 2.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gene Salkind bought 100,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought at an average price of $2.65 per share, for a total transaction of $265,000.00. Following the completion of the acquisition, the director owned 569,470 shares of the company’s stock, valued at approximately $1,509,095.50. This represents a 21.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 350,000 shares of company stock worth $793,000. Insiders own 4.42% of the company’s stock.

Institutional Investors Weigh In On Upexi

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in Upexi by 3,733.8% in the third quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after purchasing an additional 13,367 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Upexi in the third quarter valued at approximately $104,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Upexi in the 3rd quarter worth approximately $194,000. Virtu Financial LLC grew its position in Upexi by 105.6% during the 3rd quarter. Virtu Financial LLC now owns 40,463 shares of the company’s stock worth $233,000 after acquiring an additional 20,783 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Upexi during the 3rd quarter worth approximately $347,000. Institutional investors own 5.68% of the company’s stock.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.