The 36-month beta value for UPST is at 1.97. 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 75.47M, and currently, shorts hold a 34.03% of that float. The average trading volume for UPST on June 17, 2024 was 4.81M shares.
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UPST) stock’s latest price update
Upstart Holdings Inc (NASDAQ: UPST) has seen a decline in its stock price by -1.50 in relation to its previous close of 22.39. However, the company has experienced a -7.41% decline in its stock price over the last five trading sessions. fool.com reported 2024-06-17 that The rise of AI-powered businesses hasn’t lifted this fintech. Tighter macro conditions have been a huge headwind on its performance.
UPST’s Market Performance
Upstart Holdings Inc (UPST) has experienced a -7.41% fall in stock performance for the past week, with a -13.88% drop in the past month, and a -8.64% drop in the past quarter. The volatility ratio for the week is 6.30%, and the volatility levels for the past 30 days are at 5.81% for UPST. The simple moving average for the past 20 days is -9.51% for UPST’s stock, with a -22.51% simple moving average for the past 200 days.
Analysts’ Opinion of UPST
Many brokerage firms have already submitted their reports for UPST stocks, with BTIG Research repeating the rating for UPST by listing it as a “Sell.” The predicted price for UPST in the upcoming period, according to BTIG Research is $14 based on the research report published on June 07, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see UPST reach a price target of $25.50, previously predicting the price at $22.50. The rating they have provided for UPST stocks is “Neutral” according to the report published on June 04th, 2024.
BofA Securities gave a rating of “Underperform” to UPST, setting the target price at $22 in the report published on April 04th of the current year.
UPST Trading at -9.05% 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 -69.61% of loss for the given period.
Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 6.30%, as shares sank -11.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.92% lower at present.
During the last 5 trading sessions, UPST fell by -5.71%, which changed the moving average for the period of 200-days by -32.61% in comparison to the 20-day moving average, which settled at $24.22. In addition, Upstart Holdings Inc saw -46.02% 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 Datta Sanjay, who sale 1,000 shares at the price of $24.00 back on Jun 10 ’24. After this action, Datta Sanjay now owns 379,398 shares of Upstart Holdings Inc, valued at $24,000 using the latest closing price.
Gu Paul, the Chief Technology Offier of Upstart Holdings Inc, sale 15,000 shares at $25.20 during a trade that took place back on Jun 03 ’24, which means that Gu Paul is holding 894,629 shares at $378,002 based on the most recent closing price.
Stock Fundamentals for UPST
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.95 for the gross margin
The net margin for Upstart Holdings Inc stands at -0.33. The total capital return value is set at -0.11. Equity return is now at value -28.30, with -9.36 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 -0.03. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is -18.8.
Currently, EBITDA for the company is -231.62 million with net debt to EBITDA at -4.43. When we switch over and look at the enterprise to sales, we see a ratio of 5.02. The receivables turnover for the company is 9.93for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.79.
Conclusion
In conclusion, Upstart Holdings Inc (UPST) has had a bad 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.
