Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UPST stock surged over 110% in the YTD time frame.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Upstart Holdings Inc. has a market capitalization of $2.486 Billion.</a> </li> 
 <li> <span>3</span> <a>Before August 7, UPST stock was trading above $30 near the $34 level.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>UPST stock seems to be following a path towards profitability since the beginning of 2023. According to TradingView Upstart Holdings, Inc. stock price rose over 118.26% in YTD time frame.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-upstart-holdings-inc-upst-stock-price-analysis-strong"><strong>Upstart Holdings, Inc (UPST) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52 weeks time frame, UPST stock peaked up at $72.58 and its lowest trading price was $11.93. Upstart Holdings Inc. has a market capitalization of $2.486 Billion, a surge of 129.71% is observed compared to market cap at this time last year.</p> 
<p>Despite UPST stock’s long term profitability, it lost 6.41% of its trading price in the weekly time frame, and in a month prices declined over 8.55%. At the time of publication Upstart stock was trading above its 52-weeks price target of $24.67.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538-1024x551.png" alt="UPST Stock Declining For Three Months Amid Positive Results?" class="wp-image-169284" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-538.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: UPST stock price chart from <a href="https://www.tradingview.com/x/0JlJkPt3/" target="_blank" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>A sudden decline of 34.24% was observed in the trading price of Upstart Holdings Inc. stock on August 7, 2023. Before August 7, UPST stock was trading above $30 and near the&nbsp; $34 mark.&nbsp;&nbsp;</p> 
<p>Since August 10 2023, UPST stock price seems to be consolidating in the range between $32 to $28. In September, bulls lost the control over Upstart share price and prices fell below 20,100 and 200 day EMAs.&nbsp;</p> 
<p>Upstart Holdings, Inc. released its financial report of the second quarter on August 8 and the decline in price continued in the following trading session. Given the positive revenue and EPS, the decline in UPST stock price seems to be unusual.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539-1024x551.png" alt="" class="wp-image-169289" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539-750x403.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-539.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Upstart Holdings, Inc stock price from <a href="https://www.tradingview.com/x/fqR6OaJg/" target="_blank" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The MACD line is still in the negative region (or) the sellers’ region. Similarly RSI is near the oversold zone. Both RSI line and RSI based MA lines are moving parallelly.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-upstart-holdings-inc-financial-update-strong"><strong>Upstart Holdings, Inc. Financial Update&nbsp;</strong></h3> 
<p>The estimated revenue of Upstart Holdings, Inc. for second quarter 2023 was $135.21 Million however the reported revenue was $135.77 Million. The reported EPS was 187.61% greater than the estimated figure.&nbsp;</p> 
<p>The company is yet to release third quarter EPS. The estimated EPS is negative $0.07.&nbsp;</p> 
<p>TradingView data states that 71.123 Million UPST shares are free floating and remaining 12.765 Million are closely held. From the reported revenue of 2022, gross profit of the company was 98% and net income -12%.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/09/05/upst-stock-expected-to-beat-35-macd-reflects-buyer-dominance/" target="_blank" rel="noopener noreferrer nofollow">Upstart Holdings, Inc. </a>engages in the provision of a cloud-based artificial intelligence lending platform. Its platform aggregates consumer demand for loans and connects it to the company’s network of artificial intelligence-enabled bank partners.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Support Level: $17.78 &amp; $12.01</p> 
<p>Resistance Level: $34.86 &amp; $37.04</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong></h4> 
<p>A major decline in trading price was seen after Upstart Holdings, Inc. released its second quarter revenue. Despite positive revenue and EPS, a steep decline was faced by UPST stock trading price. As per market analysts, a short term bounce is expected in the coming sessions.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</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 or stock comes with a risk of financial loss.</p>

UPST Stock Declining For Three Months Amid Positive Results?

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