TrueCar Inc. [NASDAQ: TRUE] price surged by 2.56 percent to reach at $0.07. A sum of 1130625 shares traded at recent session while its average daily volume was at 1.03M shares. TrueCar Inc. shares reached a high of $2.84 and dropped to a low of $2.675 until finishing in the latest session at $2.80.
The one-year TRUE stock forecast points to a potential upside of 19.77. The average equity rating for TRUE stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on TrueCar Inc. [TRUE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TRUE shares is $3.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TRUE stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley FBR have made an estimate for TrueCar Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 10, 2020. The new note on the price target was released on September 12, 2019, representing the official price target for TrueCar Inc. stock. Previously, the target price had yet another raise to $11, while The Benchmark Company analysts kept a Hold rating on TRUE stock. On March 18, 2019, analysts decreased their price target for TRUE shares from 7 to 6.
The Average True Range (ATR) for TrueCar Inc. is set at 0.22, with the Price to Sales ratio for TRUE stock in the period of the last 12 months amounting to 0.83. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 1.75. Price to Free Cash Flow for TRUE in the course of the last twelve months was 45.82 with Quick ratio for the last quarter at 5.90.
TRUE Stock Performance Analysis:
TrueCar Inc. [TRUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.11. With this latest performance, TRUE shares gained by 5.66% in over the last four-week period, additionally sinking by -44.33% over the last 6 months – not to mention a drop of -48.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRUE stock in for the last two-week period is set at 52.72, with the RSI for the last a single of trading hit 49.53, and the three-weeks RSI is set at 51.88 for TrueCar Inc. [TRUE]. The present Moving Average for the last 50 days of trading for this stock 2.58, while it was recorded at 2.82 for the last single week of trading, and 3.45 for the last 200 days.
Insight into TrueCar Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and TrueCar Inc. [TRUE] shares currently have an operating margin of -12.62 and a Gross Margin at +83.44. TrueCar Inc.’s Net Margin is presently recorded at -15.51.
Return on Total Capital for TRUE is now -12.07, given the latest momentum, and Return on Invested Capital for the company is -14.96. Return on Equity for this stock declined to -16.29, with Return on Assets sitting at -12.64. When it comes to the capital structure of this company, TrueCar Inc. [TRUE] has a Total Debt to Total Equity ratio set at 13.14. Additionally, TRUE Total Debt to Total Capital is recorded at 11.61, with Total Debt to Total Assets ending up at 9.80. Long-Term Debt to Equity for the company is recorded at 11.34, with the Long-Term Debt to Total Capital now at 10.03.
Reflecting on the efficiency of the workforce at the company, TrueCar Inc. [TRUE] managed to generate an average of -$77,419 per employee. Receivables Turnover for the company is 7.42 with a Total Asset Turnover recorded at a value of 0.82.TrueCar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.90 and a Current Ratio set at 5.90.
TRUE Stock EPS
With the latest financial reports released by the company, TrueCar Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRUE.
TrueCar Inc. [TRUE] Insider Position Details
There are presently around $278 million, or 85.30% of TRUE stock, in the hands of institutional investors. The top three institutional holders of TRUE stocks are: CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with ownership of 18,626,859, which is approximately 0% of the company’s market cap and around 2.80% of the total institutional ownership; PAR CAPITAL MANAGEMENT INC, holding 10,299,504 shares of the stock with an approximate value of $28.12 million in TRUE stocks shares; and UBS GROUP AG, currently with $26.55 million in TRUE stock with ownership of nearly -0.03% of the company’s market capitalization.
57 institutional holders increased their position in TrueCar Inc. [NASDAQ:TRUE] by around 5,310,948 shares. Additionally, 59 investors decreased positions by around 10,635,096 shares, while 17 investors held positions by with 85,918,113 shares. The mentioned changes placed institutional holdings at 101,864,157 shares, according to the latest SEC report filing. TRUE stock had 19 new institutional investments in for a total of 989,347 shares, while 31 institutional investors sold positions of 5,601,737 shares during the same period.