Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Truecar Inc (NASDAQ: TRUE) was $1.36 for the day, up 5.43% from the previous closing price of $1.29. In other words, the price has increased by $5.43 from its previous closing price. On the day, 0.51 million shares were traded. TRUE stock price reached its highest trading level at $1.39 during the session, while it also had its lowest trading level at $1.295.
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.Lake Street initiated its Buy rating on October 07, 2024, with a $6 target price.
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 119022032 and an Enterprise Value of 18110206. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.103 whereas that against EBITDA is -0.616.
Stock Price History:
The Beta on a monthly basis for TRUE is 2.13, which has changed by -0.53264606 over the last 52 weeks, in comparison to a change of 0.042615533 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 $1.25. The 50-Day Moving Average of the stock is -32.76%, while the 200-Day Moving Average is calculated to be -57.19%.
Shares Statistics:
TRUE traded an average of 376.95K shares per day over the past three months and 281600 shares per day over the past ten days. A total of 87.19M shares are outstanding, with a floating share count of 67.20M. Insiders hold about 23.21% of the company’s shares, while institutions hold 66.90% stake in the company. Shares short for TRUE as of 1743379200 were 917800 with a Short Ratio of 2.43, compared to 1740700800 on 826373. Therefore, it implies a Short% of Shares Outstanding of 917800 and a Short% of Float of 1.37.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
