Upstart Holdings Inc. (NASDAQ:UPST) does about 5.21M shares in volume on a normal day but saw 7101355 shares change hands in Monday trading. The company now has a market cap of 1.37B USD. Its current market price is $18.57, marking an increase of 7.40% compared to the previous close of $17.29. The 52 week high reached by this stock is $161.00 whilst the lowest price level in 52 weeks is $12.01. The script in recent trading has seen the stock touch a high of $18.76 and a low of $17.05.
Upstart Holdings Inc. (UPST) has a 20-day trading average at $14.64 and the current price is -88.47% off the 52-week high compared with 54.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $16.68 and its 200-day simple moving average is $32.60. If we look at the stock’s price movements over the week, volatility stands at 9.79%, which decreases to 8.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.59 to suggest the stock is neutral.
The consensus objective for the share price is $14.54, suggesting that the stock has a potential downside of -27.72% over the period. The median price target is -23.8% away from the current levels at $15.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 10, 2022 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $34 and $15. Atlantic Equities downgraded its price target at $32-$22.
The current price level is 28.80%, 11.29%, and -43.77% away from its SMA20, SMA50, and SMA200 respectively, with the UPST price moving above the 50-day SMA on January 23. Upstart Holdings Inc. (UPST) stock is up 9.30% over the week and 28.96% over the past month. Its price is 40.47% year-to-date and -82.67% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.24 below consensus estimates by -$0.16. The company’s next earnings report is expected on 05/09/2023, with forecasts estimating quarterly EPS at -$0.52 and -$0.02 for whole year. UPST’s earnings per share are forecast to shrink by -100.80% this year and -800.00% over next year. Expected sales for next quarter are $160.01 million, which analysts say will come at $830.23 million for the current fiscal year and next year at $736.05 million. In addition, estimates put the company’s current quarterly revenue at an average of $134.34 million.
Its 12-month price target is $15.00. To reach the target analysts have set, the stock logically needs to shrink -27.72 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $8.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $24.00.
Outstanding shares total 81.67M with insiders holding 14.76% of the shares and institutional holders owning 39.26% of the company’s common stock. The company has a return on investment of 9.50% and return on equity of 0.70%. Price to book ratio is 2.11 and price to sales ratio is 1.32.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Upstart Holdings Inc. (UPST) to 2,127,680 shares, mirroring a recent increase by 8.73%. Vanguard Total Stock Market Index added 0.17 million shares of Upstart Holdings Inc. common stock bringing its total worth to about $28.13 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Small Cap Index Fund, which added 0.11 million shares to end up with 1,793,346 shares worth $23.71 million. Vanguard Small Cap Growth Index F raise their holdings by 5.54% in the company over the course of the most recent quarter. It now holds a 1.26% position in Upstart Holdings Inc. thanks to 1.03 million shares amounting to $13.65 million.