Upstart Holdings Inc (NASDAQ:UPST) price on Tuesday, December 24, rose 0.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $68.51.
A look at the stock’s price movement, the close in the last trading session was $68.00, moving within a range at $67.49 and $69.48. The beta value (5-Year monthly) was 1.976. Turning to its 52-week performance, $88.95 and $20.60 were the 52-week high and 52-week low respectively. Overall, UPST moved -7.39% over the past month.
Upstart Holdings Inc’s market cap currently stands at around $6.30 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 50% 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 -8.89% and 3.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.90, while 7-day volatility ratio is 10.21% and 7.92% in the 30-day chart. Further, Upstart Holdings Inc (UPST) has a beta value of 2.22, and an average true range (ATR) of 6.02. 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 51.83% off current price level while to achieve the yearly target high, price needs to move -24.07%. Nonetheless, investors will most likely welcome a 34.32% 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 6.53 over the past 10 days and 7.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 91.00 million shares.
The 13.40% of Upstart Holdings Inc’s shares are in the hands of company insiders while institutional holders own 55.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 21.57 million on 2024-11-29, giving us a short ratio of 2.47. The data shows that as of 2024-11-29 short interest in Upstart Holdings Inc (UPST) stood at 2707.0 of shares outstanding, with shares short falling to 22.48 million registered in 2024-10-31. Current price change has pushed the stock 67.87% 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.
