Truecar Inc [TRUE] stock is trading at $4.02, up 4.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TRUE shares have gain 6.63% over the last week, with a monthly amount glided 22.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Truecar Inc [NASDAQ: TRUE] stock has seen the most recent analyst activity on October 07, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $6. Previously, BTIG Research upgraded its rating to Buy on August 07, 2024, and kept the price target unchanged to $3.75. On September 27, 2023, downgrade downgraded it’s rating to Neutral. B. Riley Securities started tracking the stock assigning a Neutral rating and suggested a price target of $3 on July 20, 2023. Needham upgraded its rating to a Buy but $3.50 remained the price target by the analyst firm on March 14, 2023. BTIG Research upgraded its rating to Buy for this stock on November 09, 2022, but kept the price target unchanged to $3. In a note dated October 31, 2022, JP Morgan upgraded an Overweight rating on this stock.
Truecar Inc [TRUE] stock has fluctuated between $1.85 and $4.22 over the past year. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Truecar Inc [NASDAQ: TRUE] shares were valued at $4.02 at the most recent close of the market. An investor can expect a potential drop of -6.72% based on the average TRUE price forecast.
Analyzing the TRUE fundamentals
Truecar Inc [NASDAQ:TRUE] reported sales of 165.28M for the trailing twelve months, which represents a growth of 6.37%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.19 and Total Capital is -0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.88 points at the first support level, and at 3.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.13, and for the 2nd resistance point, it is at 4.24.
Ratios To Look Out For
For context, Truecar Inc’s Current Ratio is 5.33. As well, the Quick Ratio is 5.33, while the Cash Ratio is 4.43. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 2.57.
Transactions by insiders
Recent insider trading involved Swart Jeff, EVP, Gen. Counsel & Secretary, that happened on Aug 21 ’24 when 20000.0 shares were sold. Officer, JEFFREY J. SWART completed a deal on Aug 21 ’24 to buy 20000.0 shares. Meanwhile, EVP, Gen. Counsel & Secretary Swart Jeff sold 15000.0 shares on Mar 01 ’24.
