Upstart Holdings Inc (NASDAQ: UPST)’s stock price has gone decline by -3.57 in comparison to its previous close of 39.74, however, the company has experienced a 9.11% increase in its stock price over the last five trading days. zacks.com reported 2024-09-23 that UPST’s 71% rise signals more growth ahead, with AI-driven lending and falling interest rates creating a compelling buy opportunity.
Is It Worth Investing in Upstart Holdings Inc (NASDAQ: UPST) Right Now?
The stock has a 36-month beta value of 2.03. Opinions on the stock are mixed, 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 77.20M, and at present, short sellers hold a 31.67% of that float. On September 23, 2024, the average trading volume of UPST was 7.31M shares.
UPST’s Market Performance
UPST’s stock has seen a 9.11% increase for the week, with a -3.50% drop in the past month and a 65.03% gain in the past quarter. The volatility ratio for the week is 9.07%, and the volatility levels for the past 30 days are at 7.62% for Upstart Holdings Inc The simple moving average for the past 20 days is -0.51% for UPST’s stock, with a 28.59% simple moving average for the past 200 days.
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 12.71% 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 -22.77% of loss for the given period.
Volatility was left at 7.62%, however, over the last 30 days, the volatility rate increased by 9.07%, as shares sank -7.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.83% upper at present.
During the last 5 trading sessions, UPST rose by +10.25%, which changed the moving average for the period of 200-days by +17.19% in comparison to the 20-day moving average, which settled at $38.35. In addition, Upstart Holdings Inc saw -6.22% 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 1,500 shares at the price of $34.42 back on Sep 16 ’24. After this action, Datta Sanjay now owns 343,093 shares of Upstart Holdings Inc, valued at $51,630 using the latest closing price.
Datta Sanjay, the Officer of Upstart Holdings Inc, proposed sale 1,500 shares at $34.42 during a trade that took place back on Sep 16 ’24, which means that Datta Sanjay is holding shares at $51,630 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 -0.12. 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 0.64 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 1.81. The interest coverage ratio of the stock is -12.22.
Currently, EBITDA for the company is -231.62 million with net debt to EBITDA at -3.69. When we switch over and look at the enterprise to sales, we see a ratio of 7.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.29.
Conclusion
To sum up, Upstart Holdings Inc (UPST) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
