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Truecar Inc (NASDAQ: TRUE) closed the day trading at $2.45 up 3.81% from the previous closing price of $2.36. In other words, the price has increased by $3.81 from its previous closing price. On the day, 0.64 million shares were traded.
Ratios:
For a better understanding of TRUE, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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. On Mar 01 ’24, another insider, Swart Jeff, who serves as the EVP, Gen. Counsel & Secretary of the company, sold 15,000 shares for $3.46 each. As a result, the insider received 51,970 and left with 310,044 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.81.
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 $2.33. The 50-Day Moving Average of the stock is -30.14%, while the 200-Day Moving Average is calculated to be -27.95%.
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 67.17% stake in the company.
Earnings Estimates
The market rating for Truecar Inc (TRUE) is a result of the insights provided by 3.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.04 and -$0.24 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.01, with 3.0 analysts recommending between $0.06 and -$0.07.
Revenue Estimates
6 analysts predict $44.26M in revenue for the current quarter. It ranges from a high estimate of $44.66M to a low estimate of $44M. As of the current estimate, Truecar Inc’s year-ago sales were $41.05MFor the next quarter, 6 analysts are estimating revenue of $47.43M. There is a high estimate of $48M for the next quarter, whereas the lowest estimate is $46.8M.
A total of 6 analysts have provided revenue estimates for TRUE’s current fiscal year. The highest revenue estimate was $203.5M, while the lowest revenue estimate was $196.96M, resulting in an average revenue estimate of $200.36M. In the same quarter a year ago, actual revenue was $175.6MBased on 6 analysts’ estimates, the company’s revenue will be $235.8M in the next fiscal year. The high estimate is $250.9M and the low estimate is $225.73M.
