Upexi (NASDAQ:UPXI) Earns “Overweight” Rating from Cantor Fitzgerald

Upexi (NASDAQ:UPXI)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Friday, Benzinga reports. They presently have a $2.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 70.94% from the stock’s previous close.

A number of other research firms have also recently commented on UPXI. Weiss Ratings restated a “sell (e+)” rating on shares of Upexi in a research note on Friday, September 4th. Wall Street Zen upgraded Upexi from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

Upexi Price Performance

UPXI remained flat at $1.17 during trading hours on Friday. The company had a trading volume of 5,710,004 shares, compared to its average volume of 3,815,699. Upexi has a 12-month low of $0.54 and a 12-month high of $7.75. The stock has a market cap of $96.06 million, a PE ratio of -0.29 and a beta of -0.21. The business has a fifty day moving average of $0.95 and a 200-day moving average of $1.04. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.96.

Upexi (NASDAQ:UPXI) last released its quarterly earnings data on Thursday, September 17th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Upexi had a negative return on equity of 157.49% and a negative net margin of 984.34%.The firm had revenue of $6.52 million for the quarter, compared to analysts’ expectations of $5.80 million.

Institutional Trading of Upexi

A number of large investors have recently modified their holdings of the stock. Clearstead Advisors LLC purchased a new stake in shares of Upexi during the fourth quarter worth $27,000. OMERS ADMINISTRATION Corp increased its position in shares of Upexi by 19.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company’s stock worth $119,000 after acquiring an additional 19,600 shares during the period. Millington Financial Advisors LLC increased its position in shares of Upexi by 100.0% during the fourth quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock worth $67,000 after acquiring an additional 20,000 shares during the period. Engineers Gate Manager LP increased its position in shares of Upexi by 47.1% during the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock worth $61,000 after acquiring an additional 24,885 shares during the period. Finally, Aristides Capital LLC purchased a new stake in shares of Upexi during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.

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.