Wheels Up Experience (NYSE:UP) Shares Gap Up to $1.65

Wheels Up Experience Inc. (NYSE:UP) shares gapped up prior to trading on Friday . The stock had previously closed at $1.65, but opened at $1.73. Wheels Up Experience shares last traded at $1.62, with a volume of 46,527 shares trading hands.

Wheels Up Experience Trading Up 2.4 %

The company has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.84. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.36 and a current ratio of 0.38. The stock has a market cap of $1.18 billion, a P/E ratio of -0.17 and a beta of 2.31.

Wheels Up Experience (NYSE:UP) last released its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $197.10 million for the quarter. Wheels Up Experience had a negative return on equity of 495.46% and a negative net margin of 44.05%.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Wheels Up Experience during the fourth quarter worth $34,000. American Financial Advisors LLC acquired a new stake in shares of Wheels Up Experience during the fourth quarter worth $34,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Wheels Up Experience during the fourth quarter worth $36,000. Pathstone Family Office LLC acquired a new stake in shares of Wheels Up Experience during the third quarter worth $37,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Wheels Up Experience during the fourth quarter worth $38,000. Institutional investors own 98.20% of the company’s stock.

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.