Upstart Holdings Inc (NASDAQ:UPST) price on current trading day, fall -1.63% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $73.41.
A look at the stock’s price movement, the close in the last trading session was $74.63, moving within a range at $72.4406 and $75.05. The beta value (5-Year monthly) was 1.976. Turning to its 52-week performance, $86.07 and $20.60 were the 52-week high and 52-week low respectively. Overall, UPST moved 45.08% over the past month.
Upstart Holdings Inc’s market cap currently stands at around $6.70 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 182.08M for the company’s revenue for the quarter, with a low and high estimate of 179.19M and 190.89M respectively. The average forecast suggests up to a 29.77% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 599.14M, representing a 16.66% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UPST is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 2 recommend UPST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 4 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UPST’s current price about 1.56% and 28.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.79, while 7-day volatility ratio is 6.78% and 8.38% in the 30-day chart. Further, Upstart Holdings Inc (UPST) has a beta value of 2.19, and an average true range (ATR) of 5.38. Analysts have given the company’s stock an average 52-week price target of $45, forecast between a low of $33 and high of $85. Looking at the price targets, the low is 55.05% off current price level while to achieve the yearly target high, price needs to move -15.79%. Nonetheless, investors will most likely welcome a 38.7% jump to $45 which is the analysts’ median price.
If we refocus on Upstart Holdings Inc (NASDAQ:UPST), historical trading data shows that trading volumes averaged 6.85 over the past 10 days and 7.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 91.00 million shares.
The 13.68% of Upstart Holdings Inc’s shares are in the hands of company insiders while institutional holders own 55.31% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.29 million on 2024-11-15, giving us a short ratio of 2.52. The data shows that as of 2024-11-15 short interest in Upstart Holdings Inc (UPST) stood at 2796.0 of shares outstanding, with shares short falling to 24.66 million registered in 2024-10-15. Current price change has pushed the stock 79.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UPST stock continues to rise going into the next quarter.