In the past week, UPST stock has gone up by 0.64%, with a monthly decline of -16.17% and a quarterly plunge of -38.73%. The volatility ratio for the week is 5.01%, and the volatility levels for the last 30 days are 5.45% for Upstart Holdings Inc. The simple moving average for the past 20 days is -11.26% for UPST’s stock, with a -32.48% simple moving average for the past 200 days.
Is It Worth Investing in Upstart Holdings Inc (NASDAQ: UPST) Right Now?
The 36-month beta value for UPST is at 2.02. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UPST is 74.04M, and currently, shorts hold a 36.92% of that float. The average trading volume for UPST on April 23, 2024 was 6.55M shares.
UPST) stock’s latest price update
The stock price of Upstart Holdings Inc (NASDAQ: UPST) has jumped by 0.96 compared to previous close of 21.87. Despite this, the company has seen a gain of 0.64% in its stock price over the last five trading days. InvestorPlace reported 2024-04-18 that The Biden administration has formally proposed a new plan for student loan forgiveness to assist millions of borrowers. The plan was created after the U.S. Supreme Court invalidated President Biden’s initial wide-scale loan cancellation effort.
Analysts’ Opinion of UPST
Many brokerage firms have already submitted their reports for UPST stocks, with BofA Securities repeating the rating for UPST by listing it as a “Underperform.” The predicted price for UPST in the upcoming period, according to BofA Securities is $22 based on the research report published on April 04, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to UPST, setting the target price at $49 in the report published on July 27th of the previous year.
UPST Trading at -14.83% from the 50-Day Moving Average
After a stumble in the market that brought UPST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.58% of loss for the given period.
Volatility was left at 5.45%, however, over the last 30 days, the volatility rate increased by 5.01%, as shares sank -15.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.65% lower at present.
During the last 5 trading sessions, UPST rose by +0.64%, which changed the moving average for the period of 200-days by -39.74% in comparison to the 20-day moving average, which settled at $24.69. In addition, Upstart Holdings Inc saw -45.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UPST starting from Gu Paul, who sale 60,000 shares at the price of $26.31 back on Apr 01 ’24. After this action, Gu Paul now owns 893,596 shares of Upstart Holdings Inc, valued at $1,578,672 using the latest closing price.
Datta Sanjay, the Chief Financial Officer of Upstart Holdings Inc, sale 1,000 shares at $27.50 during a trade that took place back on Mar 11 ’24, which means that Datta Sanjay is holding 400,536 shares at $27,500 based on the most recent closing price.
Stock Fundamentals for UPST
Current profitability levels for the company are sitting at:
- -0.51 for the present operating margin
- 0.95 for the gross margin
The net margin for Upstart Holdings Inc stands at -0.47. The total capital return value is set at -0.14. Equity return is now at value -36.72, with -12.15 for asset returns.
Based on Upstart Holdings Inc (UPST), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 1.88. The interest coverage ratio of the stock is -38.28.
Currently, EBITDA for the company is -231.62 million with net debt to EBITDA at -3.32. When we switch over and look at the enterprise to sales, we see a ratio of 5.25. The receivables turnover for the company is 9.24for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.36.
Conclusion
In conclusion, Upstart Holdings Inc (UPST) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
