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Wednesday, March 22, 2023

Value Investing Philosophy And TrueCar Inc. (NASDAQ: TRUE)?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for TrueCar Inc. (TRUE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $2.33. The TrueCar Inc. has recorded 12,736 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted TrueCar Releases Analysis of February Industry Sales.

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Stocks Info

As a NASDAQ listed company, TRUE falls under the Communication Services sector while operating within the Internet Content & Information industry segment. At the end of the last regular session, the stock closed at $2.33 and fluctuated between $2.4800 as its day high and $2.2900 as its day low. The current market capitalization of TrueCar Inc. is $219.14M. A total of 0.54 million shares were traded on the day, compared to an average of 427.26K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TRUE has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 32,281 shares. Over the last 12 months, there were 14 BUYs and 32 SELLs from insiders. Insiders purchased 1,175,301 shares during that period but sold 204,042.

In the most recent transaction, Harrington Brendan L bought 10,400 shares of TRUE for 2.45 per share on Feb 27. After the transaction, the Director now owns 211,741 company shares. In a previous transaction on Nov 15, Claus Christopher W bought 40,000 shares at 2.40 per share. TRUE shares that Director owns now total 224,405.

Among the insiders who sold shares, Mendel John W disposed of 12,578 shares on Jun 21 at a per-share price of $2.77. This resulted in the Director holding 148,528 shares of TRUE after the transaction. In another insider transaction, Mendel John W sold 3,000 shares at $3.31 per share on Mar 03. Company shares held by the Director now total 115,652.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TRUE in the last 3 months, the mean price target is $3.50 with high estimates of $4.00 and low estimates of $2.75. In terms of 52-week highs and lows, TRUE has a high of $4.09 and a low of $1.30.

As of this writing, TRUE has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.06 in the last quarter, which was 50.00% higher than expectations of -$0.12.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TRUE is Overweight with a score of 3.86. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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