The price of Upstart Holdings Inc (NASDAQ:UPST) shares last traded on Wall Street fell -4.81% to $23.16.
UPST stock price is now -6.28% away from the 50-day moving average and -20.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $22, BofA Securities recently initiated with Underperform rating for Upstart Holdings Inc (NASDAQ: UPST). , while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, Datta Sanjay, Chief Financial Officer sold 18,138 shares of the company’s stock on May 20 ’24. The stock was sold for $464,540 at an average price of $25.61. Upon completion of the transaction, the Chief Financial Officer now directly owns 382,398 shares in the company, valued at $8.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Chief Technology Offier Gu Paul sold 15,131 shares of the business’s stock. A total of $387,478 was realized by selling the stock at an average price of $25.61. This leaves the insider owning 894,629 shares of the company worth $20.72 million. A total of 14.28% of the company’s stock is owned by insiders.
During the past 12 months, Upstart Holdings Inc has had a low of $19.84 and a high of $72.58. As of last week, the company has a debt-to-equity ratio of 1.95, a current ratio of 3.79, and a quick ratio of 3.79. The fifty day moving average price for UPST is $24.6732 and a two-hundred day moving average price translates $29.059126 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-03-31. The net profit margin was -32.73% and return on equity was -28.30% for UPST. The company reported revenue of $127.79 million for the quarter, compared to $102.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.16 percent.
