7.2 C
New York
Tuesday, December 5, 2023

Is Upstart Holdings Inc (NASDAQ: UPST) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Upstart Holdings Inc (UPST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.04%, to $26.00. The Upstart Holdings Inc has recorded 243,910 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that REGIONAL federal credit union Selects Upstart for Personal Lending.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

Stocks Info

UPST belongs to the Financial sector of the NASDAQ while operating in the Credit Services industry. At the end of the last regular session, the stock closed at $25.99 and fluctuated between $26.36 as its day high and $25.13 as its day low. The current market capitalization of Upstart Holdings Inc is $2.21B. A total of 5.41 million shares were traded on the day, compared to an average of 5.73M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, UPST has seen 5 BUY and 26 SELL insider trades, representing the acquisition of 43,200 and the disposition of 102,994 shares. Over the last 12 months, there were 53 BUYs and 66 SELLs from insiders. Insiders purchased 1,268,625 shares during that period but sold 279,087.

In the most recent transaction, Gu Paul sold 15,000 shares of UPST for 25.01 per share on Nov 15. After the transaction, the Chief Technology Offier now owns 867,576 company shares. In a previous transaction on Nov 13, Datta Sanjay sold 1,000 shares at 20.57 per share. UPST shares that Chief Financial Officer owns now total 388,764.

Among the insiders who sold shares, Datta Sanjay disposed of 1,000 shares on Nov 06 at a per-share price of $31.00. This resulted in the Chief Financial Officer holding 389,764 shares of UPST after the transaction. In another insider transaction, Darling Scott sold 480 shares at $26.60 per share on Nov 02. Company shares held by the Chief Legal Officer now total 182,588.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for UPST in the last 3 months, the mean price target is $20.19 with high estimates of $36.00 and low estimates of $6.00. In terms of 52-week highs and lows, UPST has a high of $72.58 and a low of $11.93.

As of this writing, UPST has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.17. The company reported an EPS of $0.06 in the last quarter, which was 185.70% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $7.54, while its Total Shareholder’s Equity was $807.08M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 UPST is Buy with a score of 2.07.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles