Upexi Sees Unusually Large Options Volume (NASDAQ:UPXI)

Upexi, Inc. (NASDAQ:UPXI) was the target of some unusual options trading activity on Wednesday. Investors acquired 15,690 call options on the company. This is an increase of approximately 200% compared to the average daily volume of 5,226 call options.

Upexi Stock Performance

UPXI traded up $0.27 during midday trading on Wednesday, hitting $1.06. 16,416,142 shares of the company traded hands, compared to its average volume of 4,981,516. The company’s 50-day moving average is $1.53 and its 200 day moving average is $3.67. The company has a quick ratio of 2.19, a current ratio of 2.20 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $73.60 million, a PE ratio of -0.33 and a beta of -0.37. Upexi has a 52 week low of $0.54 and a 52 week high of $22.57.

Upexi (NASDAQ:UPXI) last released its quarterly earnings data on Tuesday, February 10th. The company reported ($2.94) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($2.86). Upexi had a negative net margin of 496.86% and a negative return on equity of 41.47%. The company had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $9.42 million.

Upexi announced that its board has approved a share repurchase plan on Thursday, November 13th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 25.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, CEO Allan Marshall purchased 100,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of $2.07 per share, with a total value of $207,000.00. Following the transaction, the chief executive officer directly owned 3,946,261 shares in the company, valued at $8,168,760.27. This trade represents a 2.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 200,000 shares of company stock worth $400,500 in the last ninety days. 4.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Upexi

Several institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in Upexi during the third quarter valued at approximately $26,000. Clearstead Advisors LLC bought a new position in Upexi in the 4th quarter worth $27,000. Price T Rowe Associates Inc. MD purchased a new position in Upexi during the fourth quarter valued at $35,000. Belpointe Asset Management LLC bought a new stake in Upexi during the third quarter valued at about $58,000. Finally, Arkadios Wealth Advisors bought a new stake in Upexi during the third quarter valued at about $58,000. Institutional investors own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

UPXI has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $2.00 price objective (down from $6.00) on shares of Upexi in a research note on Wednesday, February 11th. Wall Street Zen lowered Upexi from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. iA Financial set a $8.00 price target on shares of Upexi in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Upexi in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Upexi currently has an average rating of “Hold” and a consensus price target of $8.33.

About Upexi

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.