As of Friday close, Upstart Holdings Inc.’s (NASDAQ:UPST) stock was down -$7.49, moving down -10.97 percent to $60.72. The average number of shares traded per day over the past five days has been 11,546,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.46 fall in that time frame. In the last twenty days, the average volume was 12,365,585, while in the previous 50 days, it was 11,085,328.
Since last month, UPST stock rose 65.73%. Shares of the company fell to $34.38 on 07/06/23, the lowest level in the past month. A 52-week high of $72.58 was reached on 08/01/23 after having rallying from a 52-week low of $11.93. Since the beginning of this year, UPST’s stock price has risen by 359.34% or $47.50, and marked a new high 34 times. However, the stock has declined by -16.33% since its 52-week high.
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UPST stock investors should be aware that Upstart Holdings Inc. (UPST) stock had its last reported insider trading activity 17 days ago on Jul 19. Mirgorodskaya Natalia, the Corporate Controller of the company, disposed of 2,000 shares for $60.00 on Jul 19. It resulted in a $120,000 divestment by the insider. Datta Sanjay sold 26,072 shares at an average price of $23.99 on May 26. The insider now owns 419,777 shares following the transaction. On May 25, Corporate Controller Mirgorodskaya Natalia sold 1,514 shares at $27.76 apiece. The transaction was valued at $42,029.
Valuation Metrics
The stock’s beta is 1.83. Besides these, the trailing price-to-sales (P/S) ratio of 6.39, the price-to-book (PB) ratio of 7.93.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.60, and the total debt-to-equity ratio was 1.60. On the profitability front, the trailing twelve-month gross margin is 74.60% percent. In the year ended March 30, EBITDA margin amounted to -11.91%, whereas operating margins totaled -39.50%. Based on annual data, UPST earned $654.45 million in gross profit and brought in $842.44 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.80%. Return on equity (ROE) for the past 12 months was -39.00%.
In Upstart Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $1.0 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Upstart Holdings Inc. to report -$0.81 quarterly earnings, the actual figure was -$0.47 per share, beating the consensus estimate by 42.00%. During the quarter, the company generated -$125.39 million in EBITDA. The liabilities of Upstart Holdings Inc. were 1.19 billion at the end of its most recent quarter ended March 30, and its total debt was $1.1 billion. The value of shareholders’ equity is $82.67 million.
Technical Picture
This quick technical analysis looks at Upstart Holdings Inc.’s (UPST) price momentum. With a historical volatility rate of 133.19%, the RSI 9-day stood at 52.59% on 04 August.
With respect to its five-day moving average, the current Upstart Holdings Inc. price is down by -6.83% percent or -$4.46. At present, UPST shares trade +65.46% above its 20-day simple moving average and +297.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately +133.74% above its SMA50 and +162.31% above its SMA200.
Stochastic coefficient K was 69.93% and Stochastic coefficient D was 83.98%, while ATR was 6.21. Given the Stochastic reading of 42.76% for the 14-day period, the RSI (14) reading has been calculated as 58.16%. As of today, the MACD Oscillator reading stands at 0.20, while the 14-day reading stands at 3.89.
Analyst Ratings
B. Riley Securities launched its rating on Upstart Holdings Inc. (NASDAQ: UPST) to a Neutral in a note to investors on July 27, 2023. Upstart Holdings Inc. (UPST) has been rated Underweight by analysts. According to 8 brokerage firms, UPST is a sell, and 5 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Upstart Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $6.00 – $72.00. Based on these forecasts, analysts predict Upstart Holdings Inc. (UPST) will achieve an average price target of $22.93.
