- UPST share price price is currently trading at a price of $31.34 following an advance of 3.91% in the last trading session.
- The company has a negative PE ratio of -10.01.
UPST operates in technology services and provides internet software services, the company has a total of 1.875K employees and was founded in 2013. Upstart has its headquarters in San Mateo and the current CEO of the company is David Joseph Girouard.
UPST has an average volume of 10.37M shares and has a market cap of 2.629B following 83.888M shares floating in the market for trading. The stock has a beta of 3.56 which means that the stock price is relatively more volatile than the market as a whole and can sometimes show spikes in price.
The ROE of the company stands at -40.49% following an ROA of -15.25% which is negative for the performance of the company but it has a good debt/equity ratio of 204.67% and a current ratio of 63.96 which is really good and indicates the company is capable enough to pay its debt.
Upstart Holdings, Inc. Performance Analysis
The company has a negative EBITDA of -12% which follows a negative net income declining by $244.11M as compared to the year 2021 for the year 2022. This decline in income follows an increase in debt of the company resulting in $1.09B for the year 2022 and the cash flow of the market has also declined to -$683.51M as per the financials of the year 2022.
UPST Technical Analysis
The price of the upstart has failed the existing uptrend and has declined from the higher levels with a very fast momentum leading to a change in the market structure to a negative direction. This also represents the strength of the sellers in the market and it is currently consolidating inside a declining channel pattern and is expected to break down.
The 50-day and the 200-day Exponential Moving Averages are trading in a golden cross on the charts following the daily timeframe but the price has declined below both the EMA’s which represents the presence of sellers in the market and a bearish sentiment in the stock.
The RSI of the stock has declined below the 50 level with a swift momentum. This represents a certain change in sentiment of the market and the RSI is weak on the charts.
Price Target for UPST Stock
As per 15 analysts of Tradingview, a target of $64.00 is expected which is 104.21% on the higher side and the max decline that the price can give is $6.00. The average price of the stock is $24.67.
Conclusion
The price of the UPST share is trading in a downtrend following a negative market structure. The RSI and the EMA are also weak on charts following the poor fundamentals of the company. Therefore, the price of the share can decline to lower levels in the upcoming days.
Technical Levels
- Support levels – $22.00 and $29.00
- Resistance levels – $38.50 and $60.50
Disclaimer
The information provide in this article, including the views and opinions express by the author or any individuals mention, is intend for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.