Wheels Up Experience (NYSE:UP) Trading Down 7% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price traded down 7% during mid-day trading on Tuesday . The company traded as low as $2.22 and last traded at $2.25. 235,022 shares were traded during trading, a decline of 78% from the average session volume of 1,053,937 shares. The stock had previously closed at $2.42.

Wheels Up Experience Trading Down 9.9 %

The company has a market cap of $1.52 billion, a PE ratio of -0.21 and a beta of 2.23. The stock’s 50 day moving average is $2.05 and its 200-day moving average is $2.43. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 238.01.

Wheels Up Experience (NYSE:UP) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $196.29 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in Wheels Up Experience in the 4th quarter worth about $34,000. Capital Square LLC purchased a new position in Wheels Up Experience during the 1st quarter valued at about $41,000. Renaissance Technologies LLC purchased a new position in Wheels Up Experience during the 2nd quarter valued at about $28,000. Fifth Lane Capital LP purchased a new position in Wheels Up Experience during the 1st quarter valued at about $45,000. Finally, CIBC Asset Management Inc purchased a new position in Wheels Up Experience during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

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.