Do Investors Have Much Faith In Upstart Holdings Inc (NASDAQ: UPST)

Upstart Holdings Inc (NASDAQ:UPST) does about 4.74M shares in volume on a normal day but saw 7081567 shares change hands in Friday’s trading. The company now has a market cap of 2.16B USD. Its current market price is $24.59, marking a decrease of -8.49% compared to the previous close of $26.87. The 52 week high reached by this stock is $72.58 whilst the lowest price level in 52 weeks is $19.84.

Upstart Holdings Inc (UPST) has a 20-day trading average at $25.20 and the current price is -66.12% off the 52-week high compared with 23.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.49 and its 200-day simple moving average is $28.64. If we look at the stock’s price movements over the week, volatility stands at 6.45%, which increases to 6.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.05 to suggest the stock is neutral.

The consensus objective for the share price is $18.90, suggesting that the stock has a potential downside of -30.11% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 07, 2024 when BTIG Research initiated the stock to “Sell” and issued a price target of $14. Redburn Atlantic upgraded the stock to “Neutral” from Sell on June 04, 2024 at a price target of $22.50-$25.50. BofA Securities initiated its price target at $22.

Upstart Holdings Inc (UPST) stock is down -0.53% over the week and 6.40% over the past month. Its price is -39.82% year-to-date and -13.84% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -30.11 percent from here.

The company has a return on investment of -9.77% and return on equity of -28.30%. The forward price to earnings ratio is 187.80. The beta has a value of 2.01. Price to book ratio is 3.52 and price to sales ratio is 4.03.