In the past week, UPST stock has gone up by 53.24%, with a monthly gain of 35.25% and a quarterly surge of 39.13%. The volatility ratio for the week is 12.94%, and the volatility levels for the last 30 days are 9.30% for Upstart Holdings Inc The simple moving average for the last 20 days is 31.76% for UPST stock, with a simple moving average of 30.66% for the last 200 days.
Is It Worth Investing in Upstart Holdings Inc (NASDAQ: UPST) Right Now?
Moreover, the 36-month beta value for UPST is 1.85. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for UPST is 75.48M and currently, short sellers hold a 32.52% of that float. On August 09, 2024, UPST’s average trading volume was 6.09M shares.
UPST) stock’s latest price update
Upstart Holdings Inc (NASDAQ: UPST) has seen a rise in its stock price by 6.43 in relation to its previous close of 34.21. However, the company has experienced a 53.24% gain in its stock price over the last five trading sessions. fool.com reported 2024-08-09 that Upstart reported second-quarter earnings this week. Despite revenue and profit declines, the results were better than expected.
Analysts’ Opinion of UPST
Many brokerage firms have already submitted their reports for UPST stocks, with Citigroup repeating the rating for UPST by listing it as a “Neutral.” The predicted price for UPST in the upcoming period, according to Citigroup is $33 based on the research report published on August 07, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see UPST reach a price target of $31, previously predicting the price at $17. The rating they have provided for UPST stocks is “Outperform” according to the report published on July 31st, 2024.
BTIG Research gave a rating of “Sell” to UPST, setting the target price at $14 in the report published on June 07th of the current year.
UPST Trading at 43.85% 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 -26.62% of loss for the given period.
Volatility was left at 9.30%, however, over the last 30 days, the volatility rate increased by 12.94%, as shares surge +35.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.80% upper at present.
During the last 5 trading sessions, UPST rose by +54.88%, which changed the moving average for the period of 200-days by +51.01% in comparison to the 20-day moving average, which settled at $28.12. In addition, Upstart Holdings Inc saw -10.89% 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 Darling Scott, who proposed sale 12,000 shares at the price of $35.01 back on Aug 07 ’24. After this action, Darling Scott now owns shares of Upstart Holdings Inc, valued at $420,080 using the latest closing price.
Mirgorodskaya Natalia, the Officer of Upstart Holdings Inc, proposed sale 2,500 shares at $35.00 during a trade that took place back on Aug 07 ’24, which means that Mirgorodskaya Natalia is holding shares at $87,500 based on the most recent closing price.
Stock Fundamentals for UPST
Current profitability levels for the company are sitting at:
- -0.4 for the present operating margin
- 0.95 for the gross margin
The net margin for Upstart Holdings Inc stands at -0.38. The total capital return value is set at -0.13. Equity return is now at value -32.73, with -11.26 for asset returns.
Based on Upstart Holdings Inc (UPST), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 39.63.
Currently, EBITDA for the company is -231.62 million with net debt to EBITDA at -2.75. When we switch over and look at the enterprise to sales, we see a ratio of 7.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.29.
Conclusion
To wrap up, the performance of Upstart Holdings Inc (UPST) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
