Truecar Inc (NASDAQ: TRUE) is 25.72% higher on its value in year-to-date trading and has touched a low of $2.56 and a high of $4.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRUE stock was last observed hovering at around $4.22 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $4.35, the stock is 6.06% and 15.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 3.08% at the moment leaves the stock 31.99% off its SMA200. TRUE registered 59.34% gain for a year compared to 6-month gain of 49.48%. The firm has a 50-day simple moving average (SMA 50) of $3.7342 and a 200-day simple moving average (SMA200) of $3.2923.
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The stock witnessed a 12.99% loss in the last 1 month and extending the period to 3 months gives it a 46.96%, and is 10.97% 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 4.87% over the week and 5.61% over the month.
Truecar Inc (TRUE) has around 324 employees, a market worth around $378.26M and $170.68M in sales. Profit margin for the company is -15.88%. Distance from 52-week low is 69.92% and -3.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.75%).
The EPS is expected to grow by 47.04% this year
143.0 institutions hold shares in Truecar Inc (TRUE), with institutional investors hold 90.56% of the company’s shares. The shares outstanding are 91.09M, and float is at 66.92M with Short Float at 1.18%. Institutions hold 81.33% 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’s EVP, 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).
