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- 1 When UPST stock was trading below 20, 50, 100, and 200-day EMAs.
- 2 Upstart Holdings, Inc.’s market capitalization rose approximately 125% in 2023.
- 3 UPST stock price slipped and lost 6.69% in a month and 34.16% in a quarter.
UPST stock has been consolidating since mid-August 2023 between $28 to $33; however, bulls tried several times to break the consolidation pattern but the bears’n dominance barred them from doing so.
UPST Stock Price Analysis
In the 52-weeks time frame, Upstart stock peaked at $72.58, while its lowest price was $11.93. When writing, UPST stock was trading below 20, 50, 100 and the 200-day exponential moving averages (EMA).
Upstart Holdings has a market capitalization of $2.43 Billion (press time), although data from companiesmarketcap(dot)com states that the company’s market cap surged approximately 124.83%.
Despite positive revenue and EPS, UPST stock price declined heavily and lost 10.97% on August 04 and around 15% on August 07, 2023.
The MACD and the signal line are approaching the zero line, and bulls are accumulating above the histogram.
UPST stock has an annual price target of $23.82, and the company succeeded in meeting the estimation, and at the time of writing, it was trading at $29.01.
The RSI line is moving parallel to the zero line and is expected to cross the line and enter the buyers’ territory soon.
In the weekly time frame, Upstart Holdings, Inc.’s stock price surged approximately 9.55%, and in the past six months, its price rose around 83.10%. Despite this, UPST’s price slipped and lost 6.69% in a month and 34.16% in a quarter.
Upstart Holdings, Inc. (UPST) Financial Updates
Upstart Holdings, Inc. met analysts’ estimates with the reported figures being close to the estimates. The estimated revenue for Q2 2023 was $135.21 Million.
The reported EPS of Upstart Holdings, Inc. was 187.61% greater than the estimated EPS. As per analysts, the company is expected to report $139.72 Million in revenue in the upcoming quarter, and the EPS is negative $0.02.
In the financial year 2022, Upstart Holdings, Inc reported $842.44 Million in revenue, from which its net income was negative $108.67 Million and profit margin was negative 12.90%.
TradingView data states that 71.127 Million UPST shares are free-floating, and the remaining 12.761 Million shares are closely held.
Technical Levels
Support Level: $23.59 & $18.75
Resistance Level: 32.02 & $34.86
Conclusion:
Since mid-August 2023, UPST stock price has been consolidating below $35. In the weekly time frame, Upstart Holdings, Inc. stock added 9.55% to its trading price, and since the past six months, the price rose round 83.10%. As per market analysts, MACD reflects further bullishness in the coming days.
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.
