Upstart Holdings Inc [UPST] Is Currently 4.66 below its 200 Period Moving Avg: What Does This Mean?

Upstart Holdings Inc [NASDAQ: UPST] traded at a high on Monday, posting a 4.66 gain after which it closed the day’ session at $25.37. The company report on February 21, 2024 at 9:00 AM that Upstart Delivers Reservation and Deposit System for New Kia EV9 SUV.

Upstart selected as exclusive technology provider by Kia.

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Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced that Kia used Upstart Auto Retail Build & Price Reservations as the exclusive reservation and deposit system for the launch of the new Kia EV9 SUV in the United States. The feature was available to all Kia dealers across the U.S.

The results of the trading session contributed to over 5544198 shares changing hands. Over the past one week, the price volatility of Upstart Holdings Inc stands at 4.54% while the volatility over the past one month is 7.25%.

The market cap for UPST stock reached $2.19 billion, with 86.33 million shares outstanding and 74.02 million shares in the current float. Compared to the average trading volume of 10.43M shares, UPST reached a trading volume of 5544198 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Upstart Holdings Inc [UPST]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPST shares is $20.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPST stock is a recommendation set at 4.18. 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.

Needham have made an estimate for Upstart Holdings Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 25, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on July 27, 2023, representing the official price target for Upstart Holdings Inc stock. Previously, the target price had yet another raise to $42, while BTIG Research analysts kept a Buy rating on UPST stock.

The Average True Range (ATR) for Upstart Holdings Inc is set at 2.37, with the Price to Sales ratio for UPST stock in the period of the last 12 months amounting to 4.29. The Price to Book ratio for the last quarter was 3.45, with the Price to Cash per share for the same quarter was set at 5.41.

How has UPST stock performed recently?

Upstart Holdings Inc [UPST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.13. With this latest performance, UPST shares dropped by -23.65% in over the last four-week period, additionally sinking by -16.46% over the last 6 months – not to mention a rise of 36.99% 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 UPST stock in for the last two-week period is set at 36.27, with the RSI for the last a single of trading hit 33.79, and the three-weeks RSI is set at 39.15 for Upstart Holdings Inc [UPST]. The present Moving Average for the last 50 days of trading for this stock 34.95, while it was recorded at 24.83 for the last single week of trading, and 33.50 for the last 200 days.

Upstart Holdings Inc [UPST]: Deeper insight into the fundamentals

Upstart Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.36 and a Current Ratio set at 3.36.

Earnings analysis for Upstart Holdings Inc [UPST]

With the latest financial reports released by the company, Upstart Holdings Inc posted -0.47/share EPS, while the average EPS was predicted by analysts to be reported at -0.81/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.00%. 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 UPST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Upstart Holdings Inc go to 30.00%.

Insider trade positions for Upstart Holdings Inc [UPST]

The top three institutional holders of UPST stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in UPST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in UPST stock with ownership which is approximately 5.8325%.