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The closing price of Truecar Inc (NASDAQ: TRUE) was $1.82 for the day, down -3.19% from the previous closing price of $1.88. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 0.57 million shares were traded. TRUE stock price reached its highest trading level at $1.9 during the session, while it also had its lowest trading level at $1.8.
Ratios:
Our analysis of TRUE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.11 and its Current Ratio is at 4.11. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.07.
On October 07, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $6.
BTIG Research Upgraded its Neutral to Buy on August 07, 2024, while the target price for the stock was maintained at $3.75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 21 ’24 when Swart Jeff sold 20,000 shares for $2.82 per share. The transaction valued at 56,304 led to the insider holds 390,600 shares of the business.
JEFFREY J. SWART bought 20,000 shares of TRUE for $56,304 on Aug 21 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRUE now has a Market Capitalization of 158805920 and an Enterprise Value of 58247980. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 0.332 whereas that against EBITDA is -1.981.
Stock Price History:
The Beta on a monthly basis for TRUE is 1.91, which has changed by -0.46627563 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, TRUE has reached a high of $4.62, while it has fallen to a 52-week low of $1.87. The 50-Day Moving Average of the stock is -38.98%, while the 200-Day Moving Average is calculated to be -45.59%.
Shares Statistics:
TRUE traded an average of 292.01K shares per day over the past three months and 344510 shares per day over the past ten days. A total of 87.19M shares are outstanding, with a floating share count of 66.78M. Insiders hold about 23.46% of the company’s shares, while institutions hold 67.18% stake in the company. Shares short for TRUE as of 1740700800 were 826373 with a Short Ratio of 2.83, compared to 1738281600 on 840145. Therefore, it implies a Short% of Shares Outstanding of 826373 and a Short% of Float of 1.2200001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
