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- 1 Upstart Holdings, Inc. (UPST) stock shed around 7% over the week.
- 2 When writing, UPST stock price was below 20,50,100, and 200-day EMAs.
- 3 Upstarts market capitalization surged around 108% in 2023 compared to 2022.
UPST stock has reflected impressive growth in the Year-to-Date time frame as its price grew 108.92%.
Upstart Holding, Inc (UPST) Stock Price Analysis
However, since August 4, 2023, Upstart Holdings, Inc. stock has been declining and has lost 23.65% of its trading price in the past three months.
In the 52-weeks time frame, UPST stock price peaked at $72.58, the lowest traded price was $11.93. Upstart Holdings, Inc. has a market capitalization of $2.259 Billion.
However, data from companiesmarketcap(dot)com states that the company’s market cap rose 108% in 2023 compared to 2022.
At the time of writing, Upstart stock was trading at $26.93, which is a few percent smaller than the 20,50,100 and 200-day exponential moving averages (EMA).
The annual price target of UPST stock is $23.82; however, the company broke the target on May 22, 2023. The bears fully control the trading volume, and the MACD and signal lines reflect significant negativity.
The RSI line and RSI-based MA line are moving close to the negative territory, and it is believed that if bears continue to dominate, then there are chances that UPST stock might become an oversold stock.
Despite declining on the weekly, monthly, and quarterly time frames, Upstart Holdings, Inc. stock surged over 87.27% in the past six months and 24.22% in the 52-weeks time frame.
Upstart Holdings, Inc (UPST) Financial Updates
The estimated revenue of Upstart Holdings, Inc. for the second quarter of 2023 was $135.21 Million; however, the reported revenue was $135.77 Million. The reported EPS was 187.61% greater than the estimated figure. The company is yet to release third-quarter EPS. The estimated EPS is negative $0.07.
TradingView data states that 71.123 Million UPST shares are free-floating, and the remaining 12.765 Million are closely held. From the reported revenue in 2022, the company’s gross profit was 98%, and net income was 12%.
Upstart Holdings, Inc. engages in the provision of a cloud-based artificial intelligence lending platform. Its platform aggregates consumer demand for loans and connects it to the company’s network of artificial intelligence-enabled bank partners.
Technical Levels
Support Levels: $23.59 & $21.01
Resistance Levels: $32.45 & $37.04
Conclusion
UPST stock price has been consolidating below $30 in the past few weeks. The MACD line and the signal line are both moving close to the boundary line of overbought territory. Short-term reversal is unlikely in the Upstart Holding Inc. stock price.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
