During the last session, Truecar Inc (NASDAQ:TRUE)’s traded shares were 0.54 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $1.70, reflecting an intraday gain of 3.66% or $0.06. The 52-week high for the TRUE share is $4.62, that puts it down -171.76 from that peak though still a striking 38.24% gain since the share price plummeted to a 52-week low of $1.05. The company’s market capitalization is $149.05M, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 356.50K shares over the past three months.
Truecar Inc (TRUE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.60. TRUE has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
Truecar Inc (NASDAQ:TRUE) trade information
Truecar Inc (TRUE) registered a 3.66% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.66% in intraday trading to $1.70, hitting a weekly high. The stock’s 5-day price performance is 10.39%, and it has moved by 6.25% in 30 days. Based on these gigs, the overall price performance for the year is -39.29%. The short interest in Truecar Inc (NASDAQ:TRUE) is 0.97 million shares and it means that shorts have 2.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -13.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, TRUE is trading at a premium of 11.76% off the target high and 11.76% off the low.
Truecar Inc (TRUE) estimates and forecasts
In the rating firms’ projections, revenue will increase 5.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 44.8M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 47.64M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 41.8M and 46.54M respectively. In this case, analysts expect current quarter sales to grow by 7.19% and then jump by 2.35% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.87%. While earnings are projected to return 3.29% in 2025.
TRUE Dividends
Truecar Inc is due to release its next quarterly earnings on 2025-May-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Truecar Inc (NASDAQ:TRUE)’s Major holders
Truecar Inc insiders own 9.44% of total outstanding shares while institutional holders control 77.06%, with the float percentage being 85.09%. CALEDONIA (PRIVATE) INVESTMENTS PTY LTD is the largest shareholder of the company, while 150.0 institutions own stock in it. As of 2024-06-30, the company held over 17.77 million shares (or 19.4733% of all shares), a total value of $55.61 million in shares.
The next largest institutional holding, with 8.76 million shares, is of CANNELL CAPITAL LLC’s that is approximately 9.5997% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $27.41 million.
