Upexi (NASDAQ:UPXI – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($2.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($2.11), FiscalAI reports. The firm had revenue of $6.52 million for the quarter, compared to analysts’ expectations of $7.00 million. Upexi had a negative return on equity of 66.70% and a negative net margin of 874.00%.
Upexi Trading Up 0.5%
NASDAQ:UPXI traded up $0.01 during midday trading on Thursday, hitting $1.05. 3,719,706 shares of the company traded hands, compared to its average volume of 3,716,827. The firm’s fifty day moving average is $0.91 and its 200-day moving average is $1.03. Upexi has a 12-month low of $0.54 and a 12-month high of $7.75. The firm has a market capitalization of $83.03 million, a P/E ratio of -1.70 and a beta of -0.21. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.96.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Upexi in a report on Friday, September 4th. Cantor Fitzgerald lifted their price objective on shares of Upexi from $1.30 to $2.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Finally, Wall Street Zen upgraded shares of Upexi from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.00.
About Upexi
Upexi, Inc (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.
The company’s portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.
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