Upstart Holdings Inc (UPST): A Great Stock For Handling Current Market Conditions?

Currently, there are 86.33M common shares owned by the public and among those 76.95M shares have been available to trade.

The company’s stock has a 5-day price change of -11.33% and 58.62% over the past three months. UPST shares are trading -6.36% year to date (YTD), with the 12-month market performance up to 18.93% higher. It has a 12-month low price of $19.84 and touched a high of $49.62 over the same period. UPST has an average intraday trading volume of 6.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.19%, 26.25%, and 31.59% respectively.

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Institutional ownership of Upstart Holdings Inc (NASDAQ: UPST) shares accounts for 44.43% of the company’s 86.33M shares outstanding.

It has a market capitalization of $3.42B and a beta (3y monthly) value of 2.03. The earnings-per-share (ttm) stands at -$2.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.52% over the week and 9.46% over the month.

Earnings per share for the fiscal year are expected to decrease by -23.16%, and 131.15% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -76.37% over the past 5-year period.

Looking at the support for the UPST, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on August 07, 2024, with the firm’s price target at $15-$33. Mizuho coverage for the Upstart Holdings Inc (UPST) stock in a research note released on July 31, 2024 offered a Outperform rating with a price target of $31. BTIG Research was of a view on June 07, 2024 that the stock is Sell, while Redburn Atlantic gave the stock Neutral rating on June 04, 2024, issuing a price target of $22.50- $25.50. BofA Securities on their part issued Underperform rating on April 04, 2024.

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