TrueCar Inc. (NASDAQ:TRUE) went down by -1.09% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Internet Content & Information giant went up by $2.73 to trade ended Wednesday trading at $2.76. This is down from the $2.76 price recorded on Tuesday’s trading session. Thanks to this latest performance, TRUE is closer to the higher price 52-week target of $5.00 and further from the lowest price target of $2.20. Its performance from the start of the year has also been negative, with TRUE down by -42.53% year-to-date.
TrueCar Inc. (TRUE) started the day trading at $2.8 and recorded an intraday high of $2.81. It also recorded an intraday low of $2.655 during Wednesday’s trading session. TrueCar Inc. is a very active stock that recorded a trading volume that is more than 13.67% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 1193138, which is more than 13.67 of the total average daily trading volume of 1.03 million.
TrueCar Inc. (NASDAQ:TRUE) 2020 Performance Impressive
The increase in TRUE’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TRUE currently stands at $5.59, which is higher than the current trading price of the stock by 51.16%. However, TRUE’s current trading price is -37.88% lower than the 52-week low price of $1.98. In terms of trading volume, TrueCar Inc. currently experienced healthy participation during the last trading session. 1193138 shares of TrueCar Inc. were traded on the stock exchange on Wednesday, which is more than 13.67% of the 1.03 million average trading volume of the stock.
The performance of the stock has been positive over the past year. TRUE’s performance over the past one year has seen it plunge by -49.63%, while the stock has gone down by -46.58% in the last six months. The quarterly performance of TRUE currently stands at 9.20%, and it is up by 10.53% in the last month. The only negative figure was from the weekly performance, which currently reads -13.88%. At the time of writing TRUE’s report, the company has a total market cap of $285.91M, making it one of the largest publicly-traded companies in the world.TrueCar Inc. also has over 709 employees all over the world.
TRUE Insider Activities
For TrueCar Inc., insiders hold 85.30% of all company shares. The insider transactions over the past six months are up by 19.70%. During that period, insiders bought 1,747,473 shares in 16 transactions. In that same period, insiders sold 123,533 of their shares in 23 transactions. After these transactions, insiders at TrueCar Inc. now hold 10.56M shares, which is over 90.79% of the total company stocks. Institutional investors currently hold a large chunk of the TRUE shares, as they control 9.85% of the company’s total stock.
TRUE Fundamental Analysis
For TrueCar Inc., the stock’s diluted earnings per share (EPS) stands at -0.48. In the coming year, analysts expect the EPS to be -0.24. The stock’s EPS growth this year is -87.10%, 5.40% in the previous five years. In terms of revenue, TrueCar Inc.’s quarterly sales (YOY) is shrinking at -0.07, which is lower than the average annual revenue of 5.40% over the past half a decade.
The Return on Investment (ROI) on TrueCar Inc.’s stock currently stands at -17.40%, and it has a net profit margin of -14.60%. The operating margin of the company is -15.00%, and its gross margin is 91.00%.
TRUE Analysts Prediction
Goldman reiterate their Sell position on the stock ($7 and $6) and RBC Capital Mkts reiterate their Sector Perform position on the stock ($12 and $9).
The Benchmark Company and B. Riley FBR also believe that TrueCar Inc.’s stock is outperforming at the moment.
TRUE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TRUE currently stands at -2.12%, while the SMA50 is 6.74%. The biggest one is the SMA200, which is currently reading -21.15% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 50.46.