Upstart Holdings Inc. (NASDAQ:UPST) saw an upside of 3.90% to close Monday at $33.34 after adding $1.25 on the day. The 5-day average trading volume is 7,739,820 shares of the company’s common stock. It has gained $35.71 in the past week and touched a new high 1 time within the past 5 days. An average of 13,773,165 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,586,626.
UPST’s 1-month performance is -38.45% or -$20.83 on its low of $30.40 reached on 08/18/23. 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 152.19% or $20.12 and has reached a new high 34 times. However, the current price is down -54.06% from the 52-week high price.
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 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 2.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.65 while the price-to-book (PB) in the most recent quarter is 4.34.
. In terms of profitability, the gross margin trailing 12 months is 72.20%. The trailing 12-month EBITDA margin is -11.91%. The firm’s gross profit as reported stood at $654.45 million against revenue of $842.44 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$28.92 million. UPST stock balance sheet for the recent quarter shows that total liabilities totaled 1.13 billion, with total debt at $1.03 billion. Shareholders hold equity totaling $83.89 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 21 August was 31.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 212.00%.
The stock’s 5-day moving average is $32.54, reflecting a -4.25% or -$1.48 change from its current price. UPST is currently trading -37.84% above its 20-day SMA, +156.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.77% and SMA200 by+50.38%.
Stochastic %K and %D was 4.74% and 4.13% and the average true range (ATR) pointed at 4.61. The RSI (14) points at 36.45%, while the 14-day stochastic is at 7.23% with the period’s ATR at 4.93. The stock’s 9-day MACD Oscillator is pointing at -0.61 and -10.29 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, 9 brokerage advisors rate UPST as a “sell,”, while 5 advise that investors “Hold.” 1 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 $64.00, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for Upstart Holdings Inc. (UPST) stock is $25.07.
