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Why Upstart Holdings Inc (UPST) Stock Could See Much Higher Prices Ahead

Upstart Holdings Inc (NASDAQ: UPST) is -44.84% lower on its value in year-to-date trading and has touched a low of $11.93 and a high of $72.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UPST stock was last observed hovering at around $21.94 in the last trading session, with the day’s gains setting it 0.6%.

Currently trading at $22.54, the stock is -11.55% and -15.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.86 million and changing 2.73% at the moment leaves the stock -31.70% off its SMA200. UPST registered 46.36% gain for a year compared to 6-month loss of -16.92%.

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The stock witnessed a -4.61% gain in the last 1 month and extending the period to 3 months gives it a -25.98%, and is -14.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.63% over the week and 5.92% over the month.

Upstart Holdings Inc (UPST) has around 1388 employees, a market worth around $1.95B and $511.25M in sales. Fwd P/E is 95.70. Profit margin for the company is -46.97%. Distance from 52-week low is 88.94% and -68.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.88%).

The EPS is expected to shrink by -7.17% this year.

Upstart Holdings Inc (UPST) Top Institutional Holders

The shares outstanding are 86.33M, and float is at 74.04M with Short Float at 36.92%.

Upstart Holdings Inc (UPST) Insider Activity

The most recent transaction is an insider sale by Gu Paul,the company’sChief Technology Offier. SEC filings show that Gu Paul sold 60,000 shares of the company’s common stock on Apr 01 ’24 at a price of $26.31 per share for a total of $1.58 million. Following the sale, the insider now owns 0.89 million shares.

Upstart Holdings Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Datta Sanjay (Chief Financial Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $27.50 per share for $27500.0. Following the transaction, the insider now directly holds 0.4 million shares of the UPST stock.

Still, SEC filings show that on Mar 04 ’24, Datta Sanjay (Chief Financial Officer) disposed off 1,000 shares at an average price of $26.21 for $26210.0. The insider now directly holds 401,536 shares of Upstart Holdings Inc (UPST).

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