At the last check on Thursday, Upstart Holdings Inc.’s (NASDAQ:UPST) stock was down -$0.73, moving down -2.19 percent to $32.60. The average number of shares traded per day over the past five days has been 6,017,137 shares. 4 times new highs have been achieved over the past 5 days, with a $2.18 gain in that time frame. In the last twenty days, the average volume was 10,879,770, while in the previous 50 days, it was 10,829,014.
Since last month, UPST stock retreated -52.05%. Shares of the company fell to $28.81 on 08/29/23, 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 146.60% or $19.33, and marked a new high 34 times. However, the stock has declined by -55.08% since its 52-week high.
UPST stock investors should be aware that Upstart Holdings Inc. (UPST) stock had its last reported insider trading activity 3 days ago on Aug 28. Darling Scott, the Chief Legal Officer of the company, disposed of 1,670 shares for $29.92 on Aug 28. It resulted in a $49,966 divestment by the insider. Mirgorodskaya Natalia sold 1,421 shares at an average price of $33.00 on Aug 24. The insider now owns 37,318 shares following the transaction. On Aug 22, Chief Financial Officer Datta Sanjay sold 20,013 shares at $32.62 apiece. The transaction was valued at $652,811.
Valuation Metrics
The stock’s beta is 1.98. Besides these, the trailing price-to-sales (P/S) ratio of 4.66, the price-to-book (PB) ratio of 4.24.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.46, and the total debt-to-equity ratio was 1.46. On the profitability front, the trailing twelve-month gross margin is 72.20% percent. In the year ended June 29, EBITDA margin amounted to -11.91%, whereas operating margins totaled -47.30%. 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 -40.50%.
In Upstart Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $930.65 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Upstart Holdings Inc. to report -$0.07 quarterly earnings, the actual figure was $0.06 per share, beating the consensus estimate by 185.70%. During the quarter, the company generated -$28.92 million in EBITDA. The liabilities of Upstart Holdings Inc. were 1.13 billion at the end of its most recent quarter ended June 29, and its total debt was $1.03 billion. The value of shareholders’ equity is $83.89 million.
Technical Picture
This quick technical analysis looks at Upstart Holdings Inc.’s (UPST) price momentum. With a historical volatility rate of 67.47%, the RSI 9-day stood at 39.35% on 30 August.
With respect to its five-day moving average, the current Upstart Holdings Inc. price is up by +7.18% percent or $2.18. At present, UPST shares trade -52.28% below its 20-day simple moving average and +89.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.62% above its SMA50 and +44.41% above its SMA200.
Stochastic coefficient K was 53.73% and Stochastic coefficient D was 34.93%, while ATR was 3.32. Given the Stochastic reading of 54.21% for the 14-day period, the RSI (14) reading has been calculated as 39.55%. As of today, the MACD Oscillator reading stands at 0.84, while the 14-day reading stands at 0.46.
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 9 brokerage firms, UPST is a sell, and 5 firms recommend it is a Hold. There are 1 analyst 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 $20.00, the current consensus forecast for the stock is $6.00 – $64.00. Based on these forecasts, analysts predict Upstart Holdings Inc. (UPST) will achieve an average price target of $24.67.
