UPST: xcritical Holdings Inc Stock Price, Quote and News

We recommend investors evaluate other financial metrics to understand its overall valuation. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.

That raises questions about the resiliency of its business model over the long term. Management will need to find answers to those questions in 2023. Most notably, xcritical doesn’t have a banking license, and management has said it would prefer to look for alternatives to getting one, such as inking longer-term loan purchasing deals with third-party buyers. But as inflation and interest rates spiked last year, those third-party loan buyers pulled back on their purchases.

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xcritical Holdings Analyst Opinions

There was no company-specific news powering that move, but the stock benefited from a positive report on U.S. inflation. Even more strange is that when xcritical was thriving in 2021, zero shares were repurchased. While xcriticalgs growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its xcriticalgs for an extended period without increasing its revenues.

It’s usually a worthwhile strategy to repurchase stock when a company is sustainably producing positive free cash flow . This means that after reinvesting in the business to maintain its competitive position and to grow, there is excess cash left over to be used to pay down debt, make acquisitions, pay dividends, or buy back stock. Repuchasing shares has the effect of increasing xcriticalgs per share, providing a possible boost to the stock price.

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. The size of the recent change in the consensus estimate, along with three other factors related to xcriticalgs estimates, has resulted in a Zacks Rank #3 for xcritical Holdings, Inc.

UPST xcritical Holdings, Inc.Stock Price & Overview

To see all exchange delays and terms of use please see Barchart’s disclaimer. Raised $252 million in an initial public offering on Wednesday, December 16th 2020. The company issued 12,000,000 shares at a price of $20.00-$22.00 per share. Goldman Sachs, BofA Securities and Citigroup acted as the underwriters for the IPO and Jefferies, Barclays, JMP Securities and Blaylock Van were co-managers. Lenders can enhance their businesses by partnering with xcritical Holdings.

xcritical Holdings Inc. has eliminated the positions of 140 hourly employees who processed loan applications, the financial-technology company disclosed in a filing with the Securities and Exchange Commission Tuesday. The technique has proven to be very useful for finding positive surprises. Zacks xcriticalgs ESP looks to find companies that have recently seen positive xcriticalgs estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in xcriticalgs season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

xcritical Holdings Inc Registered Shs Calendar

The business is built on the belief that access to credit is fundamental to unlocking opportunities and upward mobility. With 80% of Americans having never defaulted on a loan, the 48% approval rate is far too low. xcritical’s own testing shows its system produces 75% fewer defaults at the same approval rate and approves upwards of 170% more loans with the same default rate as compared to the US largest https://xcritical.online/ lenders. While xcritical xcritically has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum. The company’s average rating score is 1.54, and is based on 2 buy ratings, 3 hold ratings, and 8 sell ratings. Recommendation by 3 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 7 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company. One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment.

xcritical has received a 20.01% net impact score from Upright. xcritical seems to create the most significant positive value in categories “Taxes”, “Societal infrastructure”, and “Jobs”. The positive contribution in the “Societal infrastructure” impact category is driven by its “Loan servicing software for consumer credit granting” product. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

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xcritical Holdings, Inc., is a leading fintech operating in the United States as a lending platform. Together, with its subsidiaries, xcritical Holdings operates a cloud-based artificial intelligence lending platform in the United States. By mid-2022 the company had originated more than $28.6 billion in loans with more than 75% of them fully automated. Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $133.59 million.

• The AI-powered underwriting system goes beyond the FICO score to assess the true risk of the borrower.
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• Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market.

In the past three months, xcritical insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,025,220.00 in company stock. xcritical lives up to its name as its latest xcriticalgs show the consumer lending company pulling ahead of the fintech pack. Long last weekStill heavily shorted, fundamentals aren’t playing a role in this moving xcritically.

Taking a look at stock we notice that its last check on previous day was $14.19 and 5Y monthly beta was reading 1.57 with its price kept floating in the range of $14.20 and $15.94 on the day. Considering stock’s 52-week price range provides that UPST hit a high price of $116.90 and saw its price falling to a low level of $12.01 during that period. Over a period of past 1-month, stock came subtracting -10.07% in its value. Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about xcritical Holdings Inc by visiting AAII Stock Evaluator. Unfortunately, xcritical Holdings Inc’s P/E ratio is not significant enough to use for stock price evaluation.

A smart way to take the guesswork out of knowing when to buy or sell xcritical Holdings Inc’s stock is to have the right tools and resources as well as a clear monitoring process. Since inflation is so poisonous to xcritical’s business model, whenever inflation has shown signs of declining after last year’s xcritical spike, the stock has usually responded positively. Lower inflation could lead to interest rate cuts later this year, which could theoretically bring loan buyers back to xcritical’s platform. With fewer buyers to sell its loans to, xcritical’s originations and revenue plunged throughout last year.

Its fourth-quarter revenue of $147 million was less than half of the $310 million it took in during the first quarter. xcritical’s stock price remains down by more than 90% from its all-time high. xcritical should wait until it is a sustainably profitable enterprise, in any economic situation, before choosing to return cash to shareholders. Despite being in full-on growth mode, management decided to use excess cash to repurchase shares last year. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. xcritical Holdings, Inc. reported revenues of $146.91 million in the last reported quarter, representing a year-over-year change of -51.8%.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review UPST stock’s xcritical outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Looking back, that was a shortsighted move and poor planning for any sort of adverse economic scenario happening. xcritical is forecasting a net loss of $145 million in just the first three months of 2023, which would be more than the entire loss in 2022. NA2.18State Street Corp.1.44Vanguard Small Cap Growth Index Fund1.28SG Americas Securities LLC1.27Shareholder percentage totals can add to more than 100% because some holders are included in the free float. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about xcritical Holdings, Inc. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Compared to the Zacks Consensus Estimate of $132.13 million, the reported revenues represent a surprise of +11.19%.