Truecar Inc (NASDAQ: TRUE) is -13.29% lower on its value in year-to-date trading and has touched a low of $1.76 and a high of $4.05 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 TRUE stock was last observed hovering at around $2.96 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $3.00, the stock is 3.16% and -5.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 1.35% at the moment leaves the stock -5.32% off its SMA200. TRUE registered 27.66% gain for a year compared to 6-month loss of -15.25%.
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The stock witnessed a -12.28% gain in the last 1 month and extending the period to 3 months gives it a 1.69%, and is 5.63% up 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 3.59% over the week and 4.98% over the month.
Truecar Inc (TRUE) has around 324 employees, a market worth around $272.67M and $165.28M in sales. Profit margin for the company is -17.63%. Distance from 52-week low is 70.45% and -25.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.95%).
The EPS is expected to grow by 85.22% this year.
Truecar Inc (TRUE) Top Institutional Holders
144.0 institutions hold shares in Truecar Inc (TRUE), with institutional investors hold 99.88% of the company’s shares. The shares outstanding are 91.09M, and float is at 70.07M with Short Float at 0.62%. Institutions hold 90.09% of the Float.
The top institutional shareholder in the company is CALEDONIA (PRIVATE) INVESTMENTS PTY LTD with over 17.77 million shares valued at $55.61 million. The investor’s holdings represent 19.4733% of the TRUE Shares outstanding. As of 2024-06-30, the second largest holder is CANNELL CAPITAL LLC with 8.76 million shares valued at $$27.41 million to account for 9.5997 of the shares outstanding. The other top investors are UNITED SERVICES AUTOMOBILE ASSOCIATION which holds 7.96 million shares representing 8.7273% and valued at over $24.92 million, while BLACKROCK INC. holds 7.9968 of the shares totaling 7.3 million with a market value of $22.84 million.
Truecar Inc (TRUE) Insider Activity
The most recent transaction is an insider sale by Swart Jeff,the company’sEVP, Gen. Counsel & Secretary. SEC filings show that Swart Jeff sold 20,000 shares of the company’s common stock on Aug 21 ’24 at a price of $2.82 per share for a total of $56304.0. Following the sale, the insider now owns 0.39 million shares.
Still, SEC filings show that on Mar 01 ’24, Swart Jeff (EVP, Gen. Counsel & Secretary) disposed off 15,000 shares at an average price of $3.46 for $51970.0. The insider now directly holds 310,044 shares of Truecar Inc (TRUE).
