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Wheels Up Experience (NYSE:UP) Shares Gap Down - What's Next?

Wheels Up Experience logo with Aerospace background

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $2.24, but opened at $2.19. Wheels Up Experience shares last traded at $2.19, with a volume of 25,120 shares.

Wheels Up Experience Stock Performance

The stock has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $2.38. The stock has a market cap of $1.46 billion, a P/E ratio of -0.21 and a beta of 2.23. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.33.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UP. Koss Olinger Consulting LLC bought a new position in Wheels Up Experience in the third quarter valued at approximately $26,000. Renaissance Technologies LLC bought a new stake in Wheels Up Experience during the second quarter worth $28,000. Quadrature Capital Ltd acquired a new stake in Wheels Up Experience in the fourth quarter valued at $34,000. CIBC Asset Management Inc bought a new position in shares of Wheels Up Experience in the 2nd quarter valued at about $37,000. Finally, Capital Square LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter worth about $41,000. Institutional investors own 98.20% of the company's stock.

Wheels Up Experience Company Profile

(Get Free Report)

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.

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