Upstart Holdings Inc (NASDAQ:UPST) shares, rose in value, with the stock price up by 1.41% to the previous day’s close as strong demand from buyers drove the stock to $51.13.
Actively observing the price movement in the last trading, the stock closed the session at $50.42, falling within a range of $49.92 and $53.1499. The value of beta (5-year monthly) was 2.016. Referring to stock’s 52-week performance, its high was $57.40, and the low was $19.84. On the whole, UPST has fluctuated by 35.34% over the past month.
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With the market capitalization of Upstart Holdings Inc currently standing at about $4.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 567.69M, with a low estimate of 148.6M and a high estimate of 152.42M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 150.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UPST’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of UPST currently trading nearly 5.06% and 19.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.47, while the 7-day volatility ratio is showing 6.32% which for the 30-day chart, stands at 7.13%. Furthermore, Upstart Holdings Inc (UPST)’s beta value is 2.02, and its average true range (ATR) is 3.38.
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 1.41% in last session, and over the past year, it grew by 119.25%%.
Data on historical trading for Upstart Holdings Inc (NASDAQ:UPST) indicates that the trading volumes over the past 10 days have averaged 5.64 and over the past 3 months, they’ve averaged 8.12 million. According to company’s latest data on outstanding shares, there are 86.33 million shares outstanding.
Nearly 13.74% of Upstart Holdings Inc’s shares belong to company insiders and institutional investors own 44.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.66 million shares as on 2024-10-15, resulting in a short ratio of 2.84. According to the data, the short interest in Upstart Holdings Inc (UPST) stood at 3162.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.16 million. The stock has risen by 25.13% 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.
