Looking To Buy Upstart Holdings Inc. (UPST)? Read This First

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Upstart Holdings Inc. (NASDAQ:UPST) saw an upside of 7.40% to close Monday at $18.57 after adding $1.28 on the day. The 5-day average trading volume is 6,417,160 shares of the company’s common stock. It has gained $18.76 in the past week and touched a new high 2 times within the past 5 days. An average of 5,072,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,013,106.

UPST’s 1-month performance is 28.96% or $5.37 on its low of $12.01 reached on 12/28/22. The company’s shares have touched a 52-week low of $12.01 and high of $161.00, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, UPST has achieved 40.47% or $5.35 and has reached a new high 7 times. However, the current price is down -88.47% from the 52-week high price.

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Insider Transactions

UPST stock investors last saw insider trading activity on Jan 17.Datta Sanjay (Chief Financial Officer) most recently sold 3,200 shares at $17.02 per share on Jan 17. This transaction cost the insider $54,448. Chief Financial Officer, Datta Sanjay, sold 3,200 shares at a price of $13.48 on Jan 09. Then, on Jan 03, Chief Financial Officer Datta Sanjay sold 3,200 shares at a price of $13.58 per share. This transaction amounted to $43,456.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.32 while the price-to-book (PB) in the most recent quarter is 2.11.

. In terms of profitability, the gross margin trailing 12 months is 82.10%. The firm’s gross profit as reported stood at $731.01 million against revenue of $848.59 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 151.78% to -$56.22 million, while revenue of -$29.87 million was 46.87% off the previous quarter. Analysts expected UPST to announce $0.1 per share in earnings in its latest quarter, but it posted $0.01, representing a -90.00% surprise. EBITDA for the quarter stood at more than -$54.37 million. UPST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.2 billion, with total debt at $956.42 million. Shareholders hold equity totaling $81.88 million.

Let’s look briefly at Upstart Holdings Inc. (UPST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 70.04% to suggest the stock is trending Overbought, with historical volatility in this time period at 90.49%.

The stock’s 5-day moving average is $17.04, reflecting a +9.30% or $1.58 change from its current price. UPST is currently trading +32.36% above its 20-day SMA, -27.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.47% and SMA200 by-82.10%.

Stochastic %K and %D was 77.87% and 72.20% and the average true range (ATR) pointed at 1.49. The RSI (14) points at 63.59%, while the 14-day stochastic is at 96.95% with the period’s ATR at 1.43. The stock’s 9-day MACD Oscillator is pointing at 0.59 and 1.76 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Upstart Holdings Inc. (NASDAQ: UPST), BofA Securities downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for UPST stock have a consensus rating for the stock as Underweight. Currently, 5 brokerage advisors rate UPST as a “sell,”, while 5 advise that investors “Hold.” 3 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is UPST’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $24.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Upstart Holdings Inc. (UPST) stock is $14.58.

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