flyExclusive (NYSE:FLYX) Trading 13.1% Higher – Should You Buy?

Shares of flyExclusive, Inc. (NYSE:FLYX) rose 13.1% during trading on Thursday . The company traded as high as $2.37 and last traded at $2.33. Approximately 25,217 shares changed hands during trading, an increase of 44% from the average daily volume of 17,569 shares. The stock had previously closed at $2.06.

flyExclusive Stock Up 13.1%

The firm has a market capitalization of $186.70 million, a PE ratio of -1.96 and a beta of 0.11. The stock’s fifty day simple moving average is $2.77 and its 200 day simple moving average is $3.02.

Hedge Funds Weigh In On flyExclusive

A number of hedge funds and other institutional investors have recently modified their holdings of FLYX. Axxcess Wealth Management LLC bought a new position in flyExclusive during the first quarter valued at $47,000. Raymond James Financial Inc. bought a new position in flyExclusive during the fourth quarter valued at $64,000. Citadel Advisors LLC bought a new position in flyExclusive during the fourth quarter valued at $70,000. CastleKnight Management LP lifted its position in flyExclusive by 51.6% during the fourth quarter. CastleKnight Management LP now owns 287,118 shares of the company’s stock valued at $904,000 after purchasing an additional 97,705 shares during the last quarter. Finally, Entrust Global Partners L L C bought a new position in flyExclusive during the first quarter valued at $43,390,000. Institutional investors own 12.99% of the company’s stock.

flyExclusive Company Profile

flyExclusive, Inc, through its subsidiary, LGM Enterprises, LLC., owns and operates private jets in North America. It also offers jet charter services; and aircraft maintenance, repair, overhaul (MRO) operations, and interior and exterior refurbishment services, as well as wholesale and retail ad hoc flights, a jet club program, partnership program, fractional program, and other services.