Truecar Inc (NASDAQ: TRUE) is -36.96% lower on its value in year-to-date trading and has touched a low of $1.05 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 $1.84 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $1.91, the stock is 14.23% and 21.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 3.80% at the moment leaves the stock -31.08% off its SMA200. TRUE registered -48.79% loss for a year compared to 6-month loss of -49.47%. The firm has a 50-day simple moving average (SMA 50) of $1.5752 and a 200-day simple moving average (SMA200) of $2.771525.
The stock witnessed a 31.72% gain in the last 1 month and extending the period to 3 months gives it a 13.02%, and is 8.52% 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 8.05% over the week and 6.50% over the month.
Truecar Inc (TRUE) has around 348 employees, a market worth around $167.46M and $179.36M in sales. Profit margin for the company is -19.70%. Distance from 52-week low is 81.65% and -58.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.77%).
The EPS is expected to grow by 3.29% this year
150.0 institutions hold shares in Truecar Inc (TRUE), with institutional investors hold 85.09% of the company’s shares. The shares outstanding are 87.52M, and float is at 67.34M with Short Float at 1.91%. Institutions hold 77.06% 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.
