The stock of Upstart Holdings Inc. (NASDAQ:UPST) increased by $1.32 on Monday to finish at $34.82, up 3.94 percent. The last five days have seen an average of 20,208,180 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $21.60. The average number of shares traded over the last 20 days was 15,019,750, while the average volume over the last 50 days totaled 11,959,666.
UPST stock dropped -25.17% since last month. On 08/11/23, the company’s shares reached a one-month low of $30.82. The stock touched a high of $72.58 on 08/01/23, after rallying from a low of $11.93 in 52 weeks. The price of UPST stock has risen by 163.39% or $21.60 this year, reaching a new high 34 times. Still, the stock price is down -52.03% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
UPST stock investors should be aware that Upstart Holdings Inc. (UPST) stock had its last reported insider trading activity 27 days ago on Jul 19. On Jul 19, Corporate Controller Mirgorodskaya Natalia sold 2,000 shares at $60.00 each. This transaction resulted in the insider making $120,000. On May 26, Datta Sanjay sold 26,072 shares at a price of US$23.99. After the transaction, the insider now owns 419,777 shares. Corporate Controller Mirgorodskaya Natalia had earlier sold 1,514 shares on May 25 for $27.76 a share. The transaction was completed for $42,029.
Valuation Metrics
Beta for the stock is 2.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.62, the price-to-book (PB) ratio of 4.53.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.46, and the total debt to equity ratio is 1.46. As far as profitability goes, gross margin for the trailing twelve months is 72.20% percent. Upstart Holdings Inc.’s EBITDA margin for the year ended June 29 was -11.91%, whereas its operating margin stood at -47.30% for the same period. Based on annual data, it had gross profit of $654.45 million and revenue of $842.44 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UPST’s return on assets (ROA) during the last 12 months has been -14.50%. There was a -6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -40.50%.
Earnings Surprise
According to Upstart Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Upstart Holdings Inc.’s quarterly earnings would be $0.06, but it ended up being -$0.07, beating the consensus by 185.70%. EBITDA was -$28.92 million for the quarter. At the end of Upstart Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 1.13 billion, while its total debt was $1.03 billion. Equity owned by shareholders amounts to $83.89 million.
Technical Picture
Here’s a quick look at Upstart Holdings Inc.’s (UPST) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 29.25%, suggesting the stock is oversold, with a 204.59% historical volatility rate.
The stochastic %K and %D were 5.35% and 5.20% respectively, while the average true range (ATR) was 6.57. Based on the 14-day stochastic reading of 9.58%, the RSI (14) reading is 36.15%. On the 9-day MACD Oscillator, the stock is at -14.88, and the 14-day reading is at -21.12.
Analyst Ratings
In its analyst report released on July 27, 2023, B. Riley Securities began covering Upstart Holdings Inc. (NASDAQ: UPST). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Upstart Holdings Inc. (UPST) an Underweight rating. UPST is a stock that is recommended for selling by 9 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is UPST’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $64.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Upstart Holdings Inc. (UPST) is $25.33.
