Upstart Holdings Inc [NASDAQ: UPST] plunged by -$1.53 during the normal trading session on while it closed the day at $33.66.
Upstart Holdings Inc stock has also loss -12.02% of its value over the past 7 days. However, UPST stock has inclined by 41.31% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.13% and lost -17.62% year-on date.
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The market cap for UPST stock reached $3.01 billion, with 86.33 million shares outstanding and 76.97 million shares in the current float. Compared to the average trading volume of 6.76M shares, UPST reached a trading volume of 6577572 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $24.80 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 3.72. 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.
Citigroup have made an estimate for Upstart Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 07, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price from $17 to $31. The new note on the price target was released on July 31, 2024, representing the official price target for Upstart Holdings Inc stock. Previously, the target price had yet another raise to $14, while BTIG Research analysts kept a Sell rating on UPST stock. On June 04, 2024, analysts increased their price target for UPST shares from 22.50 to 25.50.
The Average True Range (ATR) for Upstart Holdings Inc is set at 2.95, with the Price to Sales ratio for UPST stock in the period of the last 12 months amounting to 5.68. The Price to Book ratio for the last quarter was 5.04, with the Price to Cash per share for the same quarter was set at 6.26.
UPST stock trade performance evaluation
Upstart Holdings Inc [UPST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.02. With this latest performance, UPST shares dropped by -7.14% in over the last four-week period, additionally plugging by 28.13% over the last 6 months – not to mention a rise of 10.11% 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 44.26, with the RSI for the last a single of trading hit 36.09, and the three-weeks RSI is set at 48.61 for Upstart Holdings Inc [UPST]. The present Moving Average for the last 50 days of trading for this stock 31.82, while it was recorded at 35.06 for the last single week of trading, and 29.39 for the last 200 days.
Upstart Holdings Inc [UPST]: An insightful look at the core fundamentals
Upstart Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.29 and a Current Ratio set at 4.29.
Earnings per share (EPS) analysis for Upstart Holdings Inc [UPST] stock
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%.
Upstart Holdings Inc [UPST]: Institutional Ownership
There are presently around $45.77%, or 52.51%% of UPST stock, in the hands of institutional investors. The top three institutional holders of UPST stocks are: VANGUARD GROUP INC with ownership of 7.3 million shares, which is approximately 8.3871%. BLACKROCK INC., holding 5.66 million shares of the stock with an approximate value of $$133.62 million in UPST stocks shares; and BLACKROCK INC., currently with $$77.52 million in UPST stock with ownership which is approximately 3.7757%.
