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The closing price of Upstart Holdings Inc (NASDAQ: UPST) was $36.81 for the day, up 0.60% from the previous closing price of $36.59. In other words, the price has increased by $0.60 from its previous closing price. On the day, 7.61 million shares were traded. UPST stock price reached its highest trading level at $38.5 during the session, while it also had its lowest trading level at $35.51.
Ratios:
Our analysis of UPST’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.29 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 1.82 whereas as Long-Term Debt/Eq ratio is at 1.81.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on August 07, 2024, Upgraded its rating to Neutral and sets its target price to $33 from $15 previously.
On July 31, 2024, Mizuho Upgraded its rating to Outperform which previously was Underperform and also upped its target price recommendation from $17 to $31.
On June 07, 2024, BTIG Research started tracking the stock assigning a Sell rating and target price of $14.BTIG Research initiated its Sell rating on June 07, 2024, with a $14 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 15 ’24 when Gu Paul bought 35,000 shares for $37.04 per share.
Datta Sanjay sold 1,500 shares of UPST for $53,085 on Aug 12 ’24. The Chief Financial Officer now owns 369,898 shares after completing the transaction at $35.39 per share. On Aug 12 ’24, another insider, Datta Sanjay, who serves as the Officer of the company, bought 1,500 shares for $35.39 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UPST now has a Market Capitalization of 3294995712 and an Enterprise Value of 4002957312. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 5.51. Its current Enterprise Value per Revenue stands at 6.95 whereas that against EBITDA is -27.772.
Stock Price History:
Over the past 52 weeks, UPST has reached a high of $49.62, while it has fallen to a 52-week low of $19.84. The 50-Day Moving Average of the stock is 38.85%, while the 200-Day Moving Average is calculated to be 30.62%.
Shares Statistics:
UPST traded an average of 6.19M shares per day over the past three months and 13248290 shares per day over the past ten days. A total of 86.33M shares are outstanding, with a floating share count of 76.83M. Insiders hold about 14.11% of the company’s shares, while institutions hold 44.52% stake in the company. Shares short for UPST as of 1722384000 were 24608544 with a Short Ratio of 3.98, compared to 1719532800 on 25159188. Therefore, it implies a Short% of Shares Outstanding of 24608544 and a Short% of Float of 31.55.
