Wheels Up (UP, Financial) recently disclosed that it has been alerted by the New York Stock Exchange (NYSE) due to its stock price averaging below $1 over a consecutive 30-day trading period. Under NYSE regulations, the company must work towards resolving this issue within six months to avoid delisting.
In response to this notification, Wheels Up is proactively planning measures to address the situation. The company will propose a reverse stock split to its shareholders at its upcoming annual meeting scheduled for June 10. This move is intended to bolster the company's stock price, unless it already meets compliance standards by other means.
Wheels Up remains committed to maintaining its listing on the NYSE and is taking necessary steps to rectify the current non-compliance status regarding its stock price.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Wheels Up Experience Inc (UP, Financial) is $4.00 with a high estimate of $4.00 and a low estimate of $4.00. The average target implies an upside of 377.67% from the current price of $0.84. More detailed estimate data can be found on the Wheels Up Experience Inc (UP) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Wheels Up Experience Inc's (UP, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wheels Up Experience Inc (UP, Financial) in one year is $0.16, suggesting a downside of 80.89% from the current price of $0.8374. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wheels Up Experience Inc (UP) Summary page.
