While Upstart Holdings Inc has overperformed by 4.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UPST rose by 36.99%, with highs and lows ranging from $72.58 to $11.93, whereas the simple moving average fell by -24.14% in the last 200 days.
On September 25, 2023, Needham started tracking Upstart Holdings Inc (NASDAQ: UPST) recommending Hold. A report published by B. Riley Securities on July 27, 2023, Initiated its previous ‘Neutral’ rating for UPST. BTIG Research also rated UPST shares as ‘Buy’, setting a target price of $42 on the company’s shares in an initiating report dated June 14, 2023. JP Morgan Initiated an Underweight rating on April 11, 2023, and assigned a price target of $11. Compass Point initiated its ‘Sell’ rating for UPST, as published in its report on March 07, 2023. Loop Capital’s report from February 15, 2023 suggests a price prediction of $24 for UPST shares, giving the stock a ‘Buy’ rating. Citigroup also rated the stock as ‘Sell’.
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Analysis of Upstart Holdings Inc (UPST)
Further, the quarter-over-quarter decrease in sales is -4.49%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Upstart Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -36.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 10.43M can be a very valuable indicator of volatility for UPST stock. On a monthly basis, the volatility of the stock is set at 7.25%, whereas on a weekly basis, it is put at 4.54%, with a loss of -3.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.07, showing decline from the present price of $25.37, which can serve as yet another indication of whether UPST is worth investing in or should be passed over.
How Do You Analyze Upstart Holdings Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 14.36%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UPST shares are owned by institutional investors to the tune of 48.97% at present.
