TrueCar Inc. [NASDAQ: TRUE] loss -26.39% on the last trading session, reaching $3.71 price per share at the time. The company report on November 6, 2020 that TrueCar Reports Third Quarter 2020 Financial Results.
TrueCar, Inc. (NASDAQ: TRUE) announced its financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Financial Highlights.
TrueCar Inc. represents 107.54 million in outstanding shares, while the company has a total market value of $418.15 million with the latest information. TRUE stock price has been found in the range of $3.66 to $4.58.
If compared to the average trading volume of 1.26M shares, TRUE reached a trading volume of 6294957 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $6.29 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 2.70. 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.
Craig Hallum have made an estimate for TrueCar Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 07, 2020. The new note on the price target was released on June 10, 2020, representing the official price target for TrueCar Inc. stock.
The Average True Range (ATR) for TrueCar Inc. is set at 0.36, with the Price to Sales ratio for TRUE stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 1.54. Price to Free Cash Flow for TRUE in the course of the last twelve months was 160.83 with Quick ratio for the last quarter at 6.00.
Trading performance analysis for TRUE stock
TrueCar Inc. [TRUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.91. With this latest performance, TRUE shares dropped by -31.30% in over the last four-week period, additionally plugging by 32.50% over the last 6 months – not to mention a rise of 1.64% 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 34.30, with the RSI for the last a single of trading hit 29.81, and the three-weeks RSI is set at 37.36 for TrueCar Inc. [TRUE]. The present Moving Average for the last 50 days of trading for this stock 4.84, while it was recorded at 4.55 for the last single week of trading, and 3.51 for the last 200 days.
TrueCar Inc. [TRUE]: A deeper dive into fundamental analysis
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 6.00 and a Current Ratio set at 6.00.
TrueCar Inc. [TRUE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, TrueCar Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. 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.
An analysis of insider ownership at TrueCar Inc. [TRUE]
There are presently around $366 million, or 92.80% 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 $38.21 million in TRUE stocks shares; and UNITED SERVICES AUTOMOBILE ASSOCIATION, currently with $33.55 million in TRUE stock with ownership of nearly 0% of the company’s market capitalization.
Positions in TrueCar Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 51 institutional holders increased their position in TrueCar Inc. [NASDAQ:TRUE] by around 4,854,060 shares. Additionally, 48 investors decreased positions by around 10,344,375 shares, while 21 investors held positions by with 83,476,486 shares. The mentioned changes placed institutional holdings at 98,674,921 shares, according to the latest SEC report filing. TRUE stock had 20 new institutional investments in for a total of 2,043,884 shares, while 14 institutional investors sold positions of 513,589 shares during the same period.