flyExclusive (NYSE:FLYX) Hits New 12-Month High – Should You Buy?

flyExclusive, Inc. (NYSE:FLYXGet Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as $8.88 and last traded at $7.0950, with a volume of 52371819 shares changing hands. The stock had previously closed at $3.14.

flyExclusive Trading Up 120.5%

The stock has a market cap of $558.68 million, a price-to-earnings ratio of -6.79 and a beta of 0.21. The firm has a fifty day simple moving average of $3.52 and a 200-day simple moving average of $3.50.

Institutional Trading of flyExclusive

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new position in shares of flyExclusive in the 3rd quarter valued at about $173,000. MBL Wealth LLC bought a new stake in shares of flyExclusive during the 2nd quarter valued at $37,000. Axxcess Wealth Management LLC boosted its position in shares of flyExclusive by 126.1% in the 2nd quarter. Axxcess Wealth Management LLC now owns 34,000 shares of the company’s stock worth $66,000 after purchasing an additional 18,960 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of flyExclusive in the 3rd quarter worth $68,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of flyExclusive during the third quarter worth $32,000. 12.99% of the stock is owned by institutional investors.

About flyExclusive

(Get Free Report)

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.

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