While Upstart Holdings Inc has underperformed by -7.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UPST rose by 39.12%, with highs and lows ranging from $72.58 to $11.93, whereas the simple moving average fell by -33.64% in the last 200 days.
On April 04, 2024, BofA Securities started tracking Upstart Holdings Inc (NASDAQ: UPST) recommending Underperform. A report published by Needham on September 25, 2023, Initiated its previous ‘Hold’ rating for UPST. B. Riley Securities also rated UPST shares as ‘Neutral’, setting a target price of $49 on the company’s shares in an initiating report dated July 27, 2023. BTIG Research Initiated an Buy rating on June 14, 2023, and assigned a price target of $42. JP Morgan initiated its ‘Underweight’ rating for UPST, as published in its report on April 11, 2023. Compass Point’s report from March 07, 2023 suggests a price prediction of $6 for UPST shares, giving the stock a ‘Sell’ rating. Loop Capital also rated the stock as ‘Buy’.
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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Upstart Holdings Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and UPST is recording an average volume of 6.84M. On a monthly basis, the volatility of the stock is set at 5.77%, whereas on a weekly basis, it is put at 6.02%, with a loss of -13.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.50, showing decline from the present price of $21.94, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 14.34%. 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 49.06% 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 49.06% at present.
