Upstart Holdings Inc (NASDAQ: UPST)’s stock price has gone rise by 1.15 in comparison to its previous close of 52.05, however, the company has experienced a 11.97% increase in its stock price over the last five trading days. marketwatch.com reported 2024-10-18 that Cerebras Systems’ eventual IPO could pave the way for more AI chip companies to go public. It will also test investors’ appetite for the AI sector amid concerns that the industry may be overvalued.
Is It Worth Investing in Upstart Holdings Inc (NASDAQ: UPST) Right Now?
The 36-month beta value for UPST is also noteworthy at 2.02. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for UPST is 77.21M, and at present, short sellers hold a 32.65% of that float. The average trading volume of UPST on October 18, 2024 was 8.02M shares.
UPST’s Market Performance
UPST stock saw an increase of 11.97% in the past week, with a monthly gain of 31.63% and a quarterly increase of 90.42%. The volatility ratio for the week is 10.65%, and the volatility levels for the last 30 days are 7.43% for Upstart Holdings Inc (UPST). The simple moving average for the past 20 days is 19.98% for UPST’s stock, with a 74.93% simple moving average for the past 200 days.
Analysts’ Opinion of UPST
Many brokerage firms have already submitted their reports for UPST stocks, with Wedbush repeating the rating for UPST by listing it as a “Neutral.” The predicted price for UPST in the upcoming period, according to Wedbush is $45 based on the research report published on October 14, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see UPST reach a price target of $33, previously predicting the price at $15. The rating they have provided for UPST stocks is “Neutral” according to the report published on August 07th, 2024.
Mizuho gave a rating of “Outperform” to UPST, setting the target price at $31 in the report published on July 31st of the current year.
UPST Trading at 30.01% 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 -8.28% of loss for the given period.
Volatility was left at 7.43%, however, over the last 30 days, the volatility rate increased by 10.65%, as shares surge +32.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.00% upper at present.
During the last 5 trading sessions, UPST rose by +12.05%, which changed the moving average for the period of 200-days by +51.35% in comparison to the 20-day moving average, which settled at $43.88. In addition, Upstart Holdings Inc saw 28.85% in overturn over a single year, with a tendency to cut further gains.
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 $48.68 back on Oct 14 ’24. After this action, Datta Sanjay now owns 337,093 shares of Upstart Holdings Inc, valued at $73,020 using the latest closing price.
Gu Paul, the Chief Technology Offier of Upstart Holdings Inc, sale 20,000 shares at $50.26 during a trade that took place back on Oct 14 ’24, which means that Gu Paul is holding 878,565 shares at $1,005,134 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 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 2.24. 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 10.15. The receivables turnover for the company is 8.84for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.29.
Conclusion
In summary, Upstart Holdings Inc (UPST) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
