TrueCar Inc. [NASDAQ: TRUE] traded at a low on 03/01/21, posting a -4.43 loss after which it closed the day’ session at $5.18. The company report on February 25, 2021 that TrueCar Reports Fourth Quarter and Full Year 2020 Financial Results.
TrueCar, Inc. (NASDAQ: TRUE) announced its financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights.
The results of the trading session contributed to over 2297358 shares changing hands. Over the past one week, the price volatility of TrueCar Inc. stands at 10.86% while the volatility over the past one month is 6.61%.
The market cap for TRUE stock reached $530.69 million, with 107.69 million shares outstanding and 92.66 million shares in the current float. Compared to the average trading volume of 828.18K shares, TRUE reached a trading volume of 2297358 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 2.60. 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.
The Benchmark Company have made an estimate for TrueCar Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 25, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on January 25, 2021, representing the official price target for TrueCar Inc. stock. Previously, the target price had yet another raise to $6, while JMP Securities analysts kept a Mkt Outperform rating on TRUE stock. On August 07, 2020, analysts increased their price target for TRUE shares from 4 to 10.
The Average True Range (ATR) for TrueCar Inc. is set at 0.37, with the Price to Sales ratio for TRUE stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 1.74. Price to Free Cash Flow for TRUE in the course of the last twelve months was 71.71 with Quick ratio for the last quarter at 6.50.
How has TRUE stock performed recently?
TrueCar Inc. [TRUE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.19. With this latest performance, TRUE shares gained by 15.37% in over the last four-week period, additionally plugging by 5.39% over the last 6 months – not to mention a rise of 96.96% 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 53.03, with the RSI for the last a single of trading hit 50.85, and the three-weeks RSI is set at 54.09 for TrueCar Inc. [TRUE]. The present Moving Average for the last 50 days of trading for this stock 4.82, while it was recorded at 5.20 for the last single week of trading, and 4.19 for the last 200 days.
TrueCar Inc. [TRUE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and TrueCar Inc. [TRUE] shares currently have an operating margin of -3.68 and a Gross Margin at +84.89. TrueCar Inc.’s Net Margin is presently recorded at -7.12.
Return on Total Capital for TRUE is now -2.59, given the latest momentum, and Return on Invested Capital for the company is -5.08. Return on Equity for this stock declined to -5.58, with Return on Assets sitting at -4.42. When it comes to the capital structure of this company, TrueCar Inc. [TRUE] has a Total Debt to Total Equity ratio set at 9.57. Additionally, TRUE Total Debt to Total Capital is recorded at 8.73, with Total Debt to Total Assets ending up at 8.02. Long-Term Debt to Equity for the company is recorded at 8.33, with the Long-Term Debt to Total Capital now at 7.60.
Receivables Turnover for the company is 6.91 with a Total Asset Turnover recorded at a value of 0.62.TrueCar Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.50 and a Current Ratio set at 6.50.
Earnings analysis for TrueCar Inc. [TRUE]
With the latest financial reports released by the company, TrueCar Inc. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 300.00%. 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.
Insider trade positions for TrueCar Inc. [TRUE]
There are presently around $468 million, or 78.80% 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 2.50% of the total institutional ownership; PAR CAPITAL MANAGEMENT INC, holding 9,418,804 shares of the stock with an approximate value of $48.79 million in TRUE stocks shares; and UNITED SERVICES AUTOMOBILE ASSOCIATION, currently with $46.84 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 February and at the time of the February reporting period, where 55 institutional holders increased their position in TrueCar Inc. [NASDAQ:TRUE] by around 6,261,937 shares. Additionally, 62 investors decreased positions by around 10,182,862 shares, while 13 investors held positions by with 73,928,688 shares. The mentioned changes placed institutional holdings at 90,373,487 shares, according to the latest SEC report filing. TRUE stock had 23 new institutional investments in for a total of 1,533,073 shares, while 17 institutional investors sold positions of 2,433,537 shares during the same period.