Truecar Inc (NASDAQ:TRUE) shares, rose in value on Wednesday, June 18, with the stock price up by 1.86% to the previous day’s close as strong demand from buyers drove the stock to $1.64.
Actively observing the price movement in the last trading, the stock closed the session at $1.61, falling within a range of $1.52 and $1.675. The value of beta (5-year monthly) was 2.089. Referring to stock’s 52-week performance, its high was $4.62, and the low was $1.05. On the whole, TRUE has fluctuated by -1.20% over the past month.
With the market capitalization of Truecar Inc currently standing at about $143.79 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-05.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRUE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TRUE currently trading nearly 7.44% and 10.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.90, while the 7-day volatility ratio is showing 4.30% which for the 30-day chart, stands at 5.02%. Furthermore, Truecar Inc (TRUE)’s beta value is 2.09, and its average true range (ATR) is 0.11.
A comparison of Truecar Inc (TRUE) with its peers suggests the former has fared considerably weaker in the market. TRUE showed an intraday change of 1.86% in last session, and over the past year, it shrunk by -41.01%%.
Data on historical trading for Truecar Inc (NASDAQ:TRUE) indicates that the trading volumes over the past 10 days have averaged 0.25 and over the past 3 months, they’ve averaged 359.45K. According to company’s latest data on outstanding shares, there are 87.52 million shares outstanding.
Nearly 23.36% of Truecar Inc’s shares belong to company insiders and institutional investors own 64.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.97 million shares as on 2025-05-30, resulting in a short ratio of 2.58. According to the data, the short interest in Truecar Inc (TRUE) stood at 144.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 0.96 million. The stock has fallen by -56.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRUE stock heading into the next quarter.
