Upstart Holdings Inc (NASDAQ:UPST) shares, rose in value, with the stock price down by -4.53% to the previous day’s close as strong demand from buyers drove the stock to $25.10.
Actively observing the price movement in the last trading, the stock closed the session at $26.29. The value of beta (5-year monthly) was 1.96. Referring to stock’s 52-week performance, its high was $72.58, and the low was $11.93. On the whole, UPST has fluctuated by 2.83% over the past month.
With the market capitalization of Upstart Holdings Inc currently standing at about $2.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.38, which is expected to increase to $0.13 for fiscal year -$0.78 and then to about $0.12 by fiscal year 2025. Data indicates that the EPS growth is expected to be -39.30% in 2025, while the next year’s EPS growth is forecast to be 115.40%.
Analysts have estimated the company’s revenue for the quarter at $125.09 million, with a low estimate of $124.6 million and a high estimate of $125.5 million. According to the average forecast, sales growth in current quarter could jump up 14.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $574.92 million, representing an increase of 2.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UPST’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UPST currently trading nearly -2.85% and -10.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.00, while the 7-day volatility ratio is showing 6.44% which for the 30-day chart, stands at 6.21%. Furthermore, Upstart Holdings Inc (UPST)’s beta value is 1.95, and its average true range (ATR) is 1.72.
A comparison of Upstart Holdings Inc (UPST) with its peers suggests the former has fared considerably weaker in the market. UPST showed an intraday change of -4.53% in last session, and over the past year, it grew by 53.61%%.
Data on historical trading for Upstart Holdings Inc (NASDAQ:UPST) indicates that the trading volumes over the past 10 days have averaged 4.97 million and over the past 3 months, they’ve averaged 7.40 million. According to company’s latest data on outstanding shares, there are 86.33 million shares outstanding.
Nearly 14.34% of Upstart Holdings Inc’s shares belong to company insiders and institutional investors own 49.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.13 million shares as on Mar 15, 2024, resulting in a short ratio of 4.6. According to the data, the short interest in Upstart Holdings Inc (UPST) stood at 31.40% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 26.38 million. The stock has fallen by -38.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UPST stock heading into the next quarter.
