Upstart Holdings, Inc. (NASDAQ:UPST) shares, dropped in value on Thursday, Apr 08, with the stock price down by -1.25% to the previous day’s close as weak demand from buyers trailed the stock to $124.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $126.07, falling within a range of $119.18 and $128.98. The value of beta (5-year monthly) is 0 whereas the PE ratio is 1537.44 over 12-month period. Referring to stock’s 52-week performance, its high was $165.66, and the low was $22.61. On the whole, UPST has fluctuated by 168.98% over the past month.
With the market capitalization of Upstart Holdings, Inc. currently standing at about $8.29 Billion. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.15, which is expected to increase to $0.23 for fiscal year 2021 and then to about $0.76 by fiscal year 2022. Data indicates that the EPS growth is expected to be 1.17% in 2021, while the next year’s EPS growth is forecast to be 0.52%.
4 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 1 recommend it as a Buy and no body called the UPST stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UPST currently trading nearly 12.94% and 42.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.65, while the 7-day volatility ratio is showing 10.25% which for the 30-day chart, stands at 18.16%. Furthermore, Upstart Holdings, Inc. (UPST)’s beta value is 0, and its average true range (ATR) is 17.88. The company’s stock has been forecasted to trade at an average price of $95 over the course of the next 52 weeks, with a low of $81 and a high of $110. Based on these price targets, the low is -34.93 off current price, whereas the price has to move -11.64% to reach the yearly target high. Additionally, analysts’ median price of $94 is likely to be welcomed by investors because it represents an increase of -24.49% from the current levels.
A comparison of Upstart Holdings, Inc. (UPST) with its peers suggests the former has fared considerably weaker in the market. UPST showed an intraday change of -1.25% in today’s session so far, and over the past year, it dropped by 0%. In comparison, Servicenow Inc (NOW) has moved higher at +3.02% today and is up +89.19% over the past 12 months. On the other hand, the price of Infosys Ltd (INFY) has risen 0.55% today. The stock, however, is off 132.85% from where it was a year ago. Additionally, there is a decline of -125% for Dell Technologies Inc (DELL) in recent trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 1537.44 for Upstart Holdings, Inc., compared to 865.64 for Servicenow Inc, and 33.41 for Infosys Ltd. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Upstart Holdings, Inc. (NASDAQ:UPST) indicates that the trading volumes over the past 10 days have averaged 1.8 Million and over the past 3 months, they’ve averaged 2.27 Million. According to company’s latest data on outstanding shares, there are 73.62 Million shares outstanding.
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Nearly 20.92% of Upstart Holdings, Inc.’s shares belong to company insiders and institutional investors own 59.25% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 3.31 Million shares as on March 14, 2021, resulting in a short ratio of 2.32. According to the data, the short interest in Upstart Holdings, Inc. (UPST) stood at 4.49% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 1.63 Million. The stock has risen by +209.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UPST stock heading into the next quarter.