Truecar Inc (NASDAQ: TRUE) is -9.38% lower on its value in year-to-date trading and has touched a low of $2.56 and a high of $4.62 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 $3.38 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $3.38, the stock is -3.04% and -9.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.00% at the moment leaves the stock -0.63% off its SMA200. TRUE registered -15.29% loss for a year compared to 6-month gain of 14.97%. The firm has a 50-day simple moving average (SMA 50) of $3.7438 and a 200-day simple moving average (SMA200) of $3.399025.
The stock witnessed a 3.36% loss in the last 1 month and extending the period to 3 months gives it a -22.65%, and is -0.29% 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 3.77% over the week and 4.02% over the month.
Truecar Inc (TRUE) has around 324 employees, a market worth around $293.92M and $170.68M in sales. Profit margin for the company is -15.88%. Distance from 52-week low is 32.03% and -26.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.75%).
with sales reaching $47.3M over the same period.The EPS is expected to grow by 48.80% this year, but quarterly earnings will post 11.40% year-over-year. Quarterly sales are estimated to grow 14.56% in year-over-year returns.
144.0 institutions hold shares in Truecar Inc (TRUE), with institutional investors hold 91.04% of the company’s shares. The shares outstanding are 88.51M, and float is at 67.31M with Short Float at 1.48%. Institutions hold 81.55% 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).
