In yesterday’s Wall Street session, Upstart Holdings Inc (NASDAQ:UPST) shares traded at $37.69, up 7.32% from the previous session.
UPST stock price is now 14.67% away from the 50-day moving average and 27.24% away from the 200-day moving average. The market capitalization of the company currently stands at $3.37B.
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 enhanced from $15 to $33, Citigroup Upgraded its rating from Sell to Neutral for Upstart Holdings Inc (NASDAQ: UPST). On July 31, 2024, Mizuho Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock increasing its target price from $17 to quote $31, while ‘BTIG Research’ rates the stock as ‘Sell’
In other news, Datta Sanjay, Officer bought 1,500 shares of the company’s stock on Sep 16 ’24. The stock was bought for $51,630 at an average price of $34.42. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Chief Financial Officer Datta Sanjay sold 1,500 shares of the business’s stock. A total of $52,275 was realized by selling the stock at an average price of $34.85. This leaves the insider owning 344,593 shares of the company worth $12.99 million. A total of 13.76% 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 $49.62. As of last week, the company has a debt-to-equity ratio of 1.82, a current ratio of 4.29, and a quick ratio of 4.29. The fifty day moving average price for UPST is $33.1573 and a two-hundred day moving average price translates $29.677176 for the stock.
The latest earnings results from Upstart Holdings Inc (NASDAQ: UPST) was released for 2024-06-30. The net profit margin was -38.05% and return on equity was -32.73% for UPST. The company reported revenue of $127.63 million for the quarter, compared to $135.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.99 percent.
