Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NASDAQ: UPST stock lost 2.20% of its trading price on August 16 and 24% in a week.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the pre-market trading session, UPST stock opened 0.19% above its last closing price.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Since August 03, UPST stock has been consolidating between $30 and $36.</a> </li> 
</ul> 
<p>NASDAQ: UPST stock lost 2.20% of its trading price on August 16; it opened trading at $32.50, lowering to $32.23; it hit a high of $33.87 and closed trading at $32.38 with an intraday trading volume of 7.346 Million.&nbsp;</p> 
<p>In the past one week, UPST’s share lost 24.13% of its trading price, and in the monthly time frame, it declined over 30%. Upstart Holdings Inc. stock was trading at 21.76% higher than its annual price target.</p> 
<p>Upstart Holdings Inc. has a market capitalization of $2.716 Billion while the average trading volume is 15.48 Million. In the 52 weeks time frame, UPST stock’s highest traded price was $72.58, and its lowest traded price was $11.93.&nbsp;</p> 
<p>In the pre-market trading session, UPST stock opened 0.19% above its last closing price on the August 16 trading session.</p> 
<h2 class="wp-block-heading" id="strong-upst-stock-price-analysis-strong"><strong>UPST Stock Price Analysis&nbsp;</strong></h2> 
<p>Technical analysis shows that the recent decline in UPST stock results from the buyer’s irresponsibility, which helped the sellers pull the stock price in a downward direction near the support level.&nbsp;</p> 
<p>On August 03, UPST shares were trading around the range of $71, but due to sustained selling pressure, its price slipped significantly, and at press time, the stock was trading in the range between $31- $35.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/iS_r0pgBNYKip95Y4zaCRLPMBFAuaEH7QpdKVWOHq3kiwdnYbgHcLGorL5ed4NPm0pfwDXQNgP1-3dOfezcvEWw2jKDXTJRcglB3U4SgsvPvSdVK1QO0l3BH1DDAz0kf7_noIAQd2_V0tDtqGccAK08" alt="UPST Stock"> 
  <figcaption class="wp-element-caption">
    Source: UPST Stock price chart from <a href="https://in.tradingview.com/chart/vVtQEsVt/?symbol=NASDAQ%3AUPST" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Starting from August 03, UPST stock seems to be consolidating in the range between $30 and $36. The consolidating range indicates that buyers are unable to establish their positions and, on the other hand, sellers are playing hide and seek, which is helping them hold the price near the support level.&nbsp;</p> 
<p>If sellers continue their dominance over buyers, UPST stock may slip further and face the nearest support of $29.01 and the next possible support of $26.82.</p> 
<p>Analysis of the pre-market trading session shows that UPST share was slightly bullish, which might boost buyer confidence.</p> 
<p>If buyers succeeded in dominating sellers in the August 17 trading session, UPST share might face immediate resistance at $39.65 and the next possible resistance of $41.27.</p> 
<h3 class="wp-block-heading" id="strong-upstart-holdings-inc-earnings-revenue-strong"><strong>Upstart Holdings, Inc Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, <a href="https://www.thecoinrepublic.com/2023/08/07/upst-stock-price-rose-68-monthly-might-break-resistance-of-72/" rel="noopener noreferrer nofollow">Upstart Holdings, Inc</a>. impressed its investors by reporting 3.21% more revenue than estimated figures. For the quarter, estimated revenue was $99.72 Million, but it reported $102.93 Million. Despite the surprise in revenue, the company’s net income was -$129.25 Million, and its profit margin was -125.58%.&nbsp;</p> 
<p>Similarly, in the financial year 2022, Upstart reported 1.44% more revenue than estimated, but its net income was -$108.67 Million, and its profit margin was -12.90%. Earnings per share of the company reflected an impressive positive momentum of 43.11% compared to estimated figures.</p> 
<p>Revenue to a profit conversion of Upstart Holdings, Inc. in 2022 includes 98% of gross profit, -12% of earnings before interest, taxes, depreciation, and amortization (EBITDA), -14% of earnings before interest and taxes (EBIT) and -13% of net income.&nbsp;</p> 
<p>According to TradingView, 70.882 Million <a href="https://www.thecoinrepublic.com/2023/08/07/upst-stock-price-rose-68-monthly-might-break-resistance-of-72/" rel="noopener noreferrer nofollow">UPST shares</a> are free-floating, and the remaining 13 Million shares are closely held by the company’s financial backers or the board of directors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p><strong>Major resistance: </strong>$39.65 and $41.27&nbsp;</p> 
<p><strong>Major support:</strong> $29.01 and $26.82</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>In the pre-market trading session, UPST stock opened 0.37% above its last trading price of August 16. Technical analysis shows that UPST stock price is consolidating in the range between $30 and $36. It is assumed that by the end of the ongoing week, a possible bullishness might be seen breaking closest resistance levels.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

After Losing 24% Weekly, UPST Stock is Ready to Bounce

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Thecoinrepublic.com

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