In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Truecar Inc (NASDAQ: TRUE) closed at $1.89 down -10.43% from its previous closing price of $2.11. In other words, the price has decreased by -$10.43 from its previous closing price. On the day, 0.68 million shares were traded.
Ratios:
For a deeper understanding of Truecar Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.39.
Stock Price History:
Over the past 52 weeks, TRUE has reached a high of $4.62, while it has fallen to a 52-week low of $2.09. The 50-Day Moving Average of the stock is -40.40%, while the 200-Day Moving Average is calculated to be -43.93%.
Shares Statistics:
A total of 87.19M shares are outstanding, with a floating share count of 66.71M. Insiders hold about 23.54% of the company’s shares, while institutions hold 67.18% stake in the company.
