Upexi (NASDAQ:UPXI) Posts Earnings Results, Beats Estimates By $0.91 EPS

Upexi (NASDAQ:UPXI) posted its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.91, FiscalAI reports. The business had revenue of $0.43 million for the quarter, compared to analysts’ expectations of $4.20 million. Upexi had a negative net margin of 984.34% and a negative return on equity of 157.49%.

Upexi Stock Down 6.2%

Shares of UPXI traded down $0.04 on Tuesday, hitting $0.62. 995,578 shares of the stock traded hands, compared to its average volume of 3,530,690. Upexi has a 1 year low of $0.54 and a 1 year high of $3.65. The stock’s 50 day moving average is $1.00 and its two-hundred day moving average is $1.04. The firm has a market capitalization of $54.94 million, a P/E ratio of -0.15 and a beta of -0.28.

Analysts Set New Price Targets

Several brokerages recently commented on UPXI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Upexi in a research note on Friday, September 4th. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 target price on shares of Upexi in a research report on Friday, September 18th. Finally, Wall Street Zen lowered shares of Upexi from a “hold” rating to a “sell” rating in a research report on Sunday, September 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

About Upexi

Upexi, Inc. (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages brands sold through e-commerce and other retail channels. Its portfolio has included products in categories such as wellness, beauty, pet care, household goods and consumer accessories. The company uses a multichannel model that includes third-party online marketplaces, including Amazon, as well as direct-to-consumer websites and selected retail distribution. Its activities generally include product development, brand management, supply-chain coordination, marketing and fulfillment.