Upstart Holdings Inc. (NASDAQ:UPST) saw a downside of -0.42% to close Tuesday at $51.75 after subtracting -$0.22 on the day. The 5-day average trading volume is 12,911,460 shares of the company’s common stock. It has gained $71.08 in the past week and touched a new high 2 times within the past 5 days. An average of 12,793,550 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,185,924.
UPST’s 1-month performance is 25.48% or $15.05 on its low of $35.70 reached on 07/10/23. The company’s shares have touched a 52-week low of $11.93 and high of $72.58, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, UPST has achieved 291.45% or $38.53 and has reached a new high 34 times. However, the current price is down -28.70% from the 52-week high price.
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Insider Transactions
UPST stock investors last saw insider trading activity on Jul 19.Mirgorodskaya Natalia (Corporate Controller) most recently sold 2,000 shares at $60.00 per share on Jul 19. This transaction cost the insider $120,000. Chief Financial Officer, Datta Sanjay, sold 26,072 shares at a price of $23.99 on May 26. Then, on May 25, Corporate Controller Mirgorodskaya Natalia sold 1,514 shares at a price of $27.76 per share. This transaction amounted to $42,029.
Valuation Metrics
UPST stock has a beta of 1.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.76 while the price-to-book (PB) in the most recent quarter is 6.76.
As well, the company’s long term debt to equity for the quarter ending March 30 was 1.60, while the total debt to equity was 1.60.. In terms of profitability, the gross margin trailing 12 months is 74.60%. The trailing 12-month EBITDA margin is -11.91% while for the period ending March 30, Upstart Holdings Inc.’s operating margin was -39.50%. The firm’s gross profit as reported stood at $654.45 million against revenue of $842.44 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected UPST to announce -$0.81 per share in earnings in its latest quarter, but it posted -$0.47, representing a 42.00% surprise. EBITDA for the quarter stood at more than -$125.39 million. UPST stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.19 billion, with total debt at $1.1 billion. Shareholders hold equity totaling $82.67 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 08 August was 40.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 126.47%.
The stock’s 5-day moving average is $60.13, reflecting a -28.21% or -$20.34 change from its current price. UPST is currently trading +20.04% above its 20-day SMA, +241.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +118.08% and SMA200 by+126.28%.
Stochastic %K and %D was 21.74% and 44.81% and the average true range (ATR) pointed at 6.62. The RSI (14) points at 47.77%, while the 14-day stochastic is at 20.74% with the period’s ATR at 5.96. The stock’s 9-day MACD Oscillator is pointing at -8.02 and -6.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Upstart Holdings Inc. (NASDAQ: UPST), B. Riley Securities launched coverage with a Neutral rating. Analysts offering their rating for UPST stock have a consensus rating for the stock as Underweight. Currently, 8 brokerage advisors rate UPST as a “sell,”, while 5 advise that investors “Hold.” 2 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 $6.00 and a high of $72.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Upstart Holdings Inc. (UPST) stock is $23.73.
