Upstart Holdings Inc. (NASDAQ:UPST) finished Thursday with a subtraction of -$2.2 to close at $30.37, a downside of -6.75 percent. An average of 6,370,780 shares of common stock have been traded in the last five days. There was a fall of -$1.41 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 12,172,960 shares traded, while the 50-day average volume stands at 11,305,476.
UPST stock has decreased by -52.67% in the last month. The company shares reached their 1-month lowest point of $29.93 on 08/24/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $11.93 and a high of $72.58 in 52 weeks. It has reached a new high 34 times so far this year and achieved 129.73% or $17.15 in price. In spite of this, the price is down -58.16% from the 52-week high.
Insider Transactions
UPST stock investors should be aware that Upstart Holdings Inc. (UPST) stock had its last reported insider trading activity 1 day ago on Aug 24. In this transaction, the insider spent $46,893. Chief Financial Officer, Datta Sanjay, disposed of 20,013 shares at a price of $32.62 on Aug 22. The insider now owns more than $652,811 worth of shares. Prior to that, Chief Technology Offier Gu Paul went on to Sale 18,003 shares at $32.63 each on Aug 22. An amount of $587,395 was transacted.
Valuation Metrics
Upstart Holdings Inc. (UPST) stock’s beta is 2.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.23, the price-to-book (PB) ratio at 3.95.
Financial Health
Further, the company has a long term debt to equity ratio of 1.46 and a total debt to equity ratio of 1.46 for the quarter ending June 29. Its gross profit as reported stood at $654.45 million compared to revenue of $842.44 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Upstart Holdings Inc.’s return on assets was -14.50%.
Earnings Surprise
For the three-month period that ended June 29, Upstart Holdings Inc. had $930.65 million in total debt. The analyst consensus anticipated Upstart Holdings Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be $0.06, a 185.70% surprise. For the quarter, EBITDA amounted to -$28.92 million. Shareholders own equity worth $83.89 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Upstart Holdings Inc. (UPST) price momentum. RSI 9-day as of the close on 24 August was 26.82%, suggesting the stock is oversold, with historical volatility in this time frame at 54.26%.
As of today, UPST’s price is $32.19 -4.44% or -$1.41 from its 5-day moving average. UPST is currently trading -48.47% lower than its 20-day SMA and +91.13% higher than its 100-day SMA. However, the stock’s current price level is -17.85% below the SMA50 and +56.79% above the SMA200.
The stochastic %K and %D were 4.17% and 5.26%, respectively, and the average true range (ATR) was 3.98. With the 14-day stochastic at 1.44% and the average true range at 4.44, the RSI (14) stands at 33.51%. The stock has reached -0.72 on the 9-day MACD Oscillator while the 14-day reading was at -3.62.
Analyst Ratings
B. Riley Securities launched coverage on Upstart Holdings Inc. (NASDAQ: UPST) in its analyst report released on July 27, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Upstart Holdings Inc. (UPST) among analysts is Underweight. According to current brokerage recommendations, 9 brokerage firms advise that investors sell UPST, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is UPST’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $64.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Upstart Holdings Inc. (UPST) stock is $25.47.
