Truecar Inc (NASDAQ:TRUE) price on Thursday, July 03, rose 3.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.91.
A look at the stock’s price movement, the close in the last trading session was $1.84, moving within a range at $1.85 and $1.965. The beta value (5-Year monthly) was 2.089. Turning to its 52-week performance, $4.62 and $1.05 were the 52-week high and 52-week low respectively. Overall, TRUE moved 31.72% over the past month.
Truecar Inc’s market cap currently stands at around $167.46 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-05.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TRUE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 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 0 analyst(s) rate the stock as a Hold, 4 recommend TRUE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TRUE’s current price about 14.23% and 21.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.63, while 7-day volatility ratio is 8.05% and 6.50% in the 30-day chart. Further, Truecar Inc (TRUE) has a beta value of 2.04. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is 21.47% off current price level while to achieve the yearly target high, price needs to move 21.47%. Nonetheless, investors will most likely welcome a 21.47% jump to $1.5 which is the analysts’ median price.
If we refocus on Truecar Inc (NASDAQ:TRUE), historical trading data shows that trading volumes averaged 0.3 over the past 10 days and 327.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 87.52 million shares.
The 23.19% of Truecar Inc’s shares are in the hands of company insiders while institutional holders own 64.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.28 million on 2025-06-13, giving us a short ratio of 3.88. The data shows that as of 2025-06-13 short interest in Truecar Inc (TRUE) stood at 191.0 of shares outstanding, with shares short rising to 1.11 million registered in 2025-05-15. Current price change has pushed the stock -36.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRUE stock continues to rise going into the next quarter.
