As of Wednesday close, Upstart Holdings Inc.’s (NASDAQ:UPST) stock was down -$0.69, moving down -2.42 percent to $27.84. The average number of shares traded per day over the past five days has been 4,745,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.42 fall in that time frame. In the last twenty days, the average volume was 5,672,690, while in the previous 50 days, it was 9,972,300.
Since last month, UPST stock retreated -16.50%. Shares of the company fell to $27.81 on 09/20/23, 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 110.59% or $14.62, and marked a new high 34 times. However, the stock has declined by -61.64% since its 52-week high.
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UPST stock investors should be aware that Upstart Holdings Inc. (UPST) stock had its last reported insider trading activity 3 days ago on Sep 18. Datta Sanjay, the Chief Financial Officer of the company, disposed of 1,000 shares for $29.50 on Sep 18. It resulted in a $29,500 divestment by the insider. Datta Sanjay sold 1,000 shares at an average price of $31.09 on Sep 11. The insider now owns 397,764 shares following the transaction. On Sep 06, Chief Technology Offier Gu Paul sold 5,000 shares at $35.02 apiece. The transaction was valued at $175,100.
Valuation Metrics
The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 3.97, the price-to-book (PB) ratio of 3.63.
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 31.51%, the RSI 9-day stood at 27.39% on 20 September.
With respect to its five-day moving average, the current Upstart Holdings Inc. price is down by -8.00% percent or -$2.42. At present, UPST shares trade -14.52% below its 20-day simple moving average and +92.40% percent above its 100-day simple moving average. However, the stock is currently trading approximately -35.42% below its SMA50 and +46.22% above its SMA200.
Stochastic coefficient K was 4.37% and Stochastic coefficient D was 8.07%, while ATR was 2.15. Given the Stochastic reading of 0.39% for the 14-day period, the RSI (14) reading has been calculated as 33.18%. As of today, the MACD Oscillator reading stands at -1.27, while the 14-day reading stands at -2.30.
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 $23.80.
