On Monday, Truecar Inc (NASDAQ: TRUE) opened lower -3.19% from the last session, before settling in for the closing price of $1.88. Price fluctuations for TRUE have ranged from $1.87 to $4.62 over the past 52 weeks.
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A company in the Communication Services sector has dropped its sales by -11.01% annually for the last half of the decade. Company’s average yearly earnings per share was noted 10.25% at the time writing. With a float of $66.78 million, this company’s outstanding shares have now reached $87.19 million.
In an organization with 348 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 84.97%, operating margin of -21.17%, and the pretax margin is -17.67%.
Truecar Inc (TRUE) Insider Updates
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Truecar Inc is 23.46%, while institutional ownership is 67.18%. The most recent insider transaction that took place on Aug 21 ’24, was worth 56,304. In this transaction EVP, Gen. Counsel & Secretary of this company sold 20,000 shares at a rate of $2.82, taking the stock ownership to the 390,600 shares. Before that another transaction happened on Aug 21 ’24, when Company’s Officer proposed sale 20,000 for $2.82, making the entire transaction worth $56,304.
Truecar Inc (TRUE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.25% per share during the next fiscal year.
Truecar Inc (NASDAQ: TRUE) Trading Performance Indicators
Check out the current performance indicators for Truecar Inc (TRUE). In the past quarter, the stock posted a quick ratio of 4.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.03 in one year’s time.
Technical Analysis of Truecar Inc (TRUE)
Let’s dig in a bit further. During the last 5-days, its volume was 0.36 million. That was better than the volume of 0.32 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.86%. Additionally, its Average True Range was 0.16.
During the past 100 days, Truecar Inc’s (TRUE) raw stochastic average was set at 0.71%, which indicates a significant decrease from 3.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.34% in the past 14 days, which was higher than the 60.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.9825, while its 200-day Moving Average is $3.3452. However, in the short run, Truecar Inc’s stock first resistance to watch stands at $1.8800. Second resistance stands at $1.9400. The third major resistance level sits at $1.9800. If the price goes on to break the first support level at $1.7800, it is likely to go to the next support level at $1.7400. Assuming the price breaks the second support level, the third support level stands at $1.6800.
Truecar Inc (NASDAQ: TRUE) Key Stats
There are currently 87,256K shares outstanding in the company with a market cap of 158.81 million. Presently, the company’s annual sales total 175,600 K according to its annual income of -31,050 K. Last quarter, the company’s sales amounted to 46,210 K and its income totaled -5,850 K.
