At the time of writing, Truecar Inc [TRUE] stock is trading at $1.79, down -2.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRUE shares have gain 2.87% over the last week, with a monthly amount drifted -26.94%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Truecar Inc [NASDAQ: TRUE] stock has seen the most recent analyst activity on February 21, 2025, when JP Morgan downgraded its rating to a Neutral. Previously, Lake Street started tracking the stock with Buy rating on October 07, 2024, and set its price target to $6. On August 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $3.75 on the stock. BTIG Research downgraded its rating to a Neutral. B. Riley Securities initiated its recommendation with a Neutral and recommended $3 as its price target on July 20, 2023. Needham upgraded its rating to Buy for this stock on March 14, 2023, but kept the price target unchanged to $3.50. In a note dated November 09, 2022, BTIG Research upgraded an Buy rating on this stock but restated the target price of $3.
For the past year, the stock price of Truecar Inc fluctuated between $1.68 and $4.62. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Truecar Inc [NASDAQ: TRUE] shares were valued at $1.79 at the most recent close of the market. An investor can expect a potential return of 109.5% based on the average TRUE price forecast.
Analyzing the TRUE fundamentals
According to Truecar Inc [NASDAQ:TRUE], the company’s sales were 175.60M for trailing twelve months, which represents an 11.92% jump. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.21%, 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 -0.19, Equity is -0.23 and Total Capital is -0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 1.7200 points at the first support level, and at 1.6500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9000, and for the 2nd resistance point, it is at 2.0100.
Ratios To Look Out For
It is important to note that Truecar Inc [NASDAQ:TRUE] has a current ratio of 4.11. In addition, the Quick Ratio stands at 4.11 and the Cash Ratio stands at 3.4. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 1.32.
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.
