Truecar Inc (NASDAQ: TRUE) kicked off on Friday, down -4.49% from the previous trading day, before settling in for the closing price of $1.56. Over the past 52 weeks, TRUE has traded in a range of $1.05-$4.62.
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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. While this was happening, its average annual earnings per share was recorded 5.61%. With a float of $67.69 million, this company’s outstanding shares have now reached $87.52 million.
In an organization with 348 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 85.26%, operating margin of -22.8%, and the pretax margin is -19.69%.
Truecar Inc (TRUE) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Internet Content & Information Industry. The insider ownership of Truecar Inc is 22.80%, while institutional ownership is 64.68%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 5.61% per share during the next fiscal year.
Truecar Inc (NASDAQ: TRUE) Trading Performance Indicators
Take a look at Truecar Inc’s (TRUE) current performance indicators. Last quarter, stock had a quick ratio of 4.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.09 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 0.38 million. That was better than the volume of 0.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.26%. Additionally, its Average True Range was 0.13.
During the past 100 days, Truecar Inc’s (TRUE) raw stochastic average was set at 15.83%, which indicates a significant decrease from 63.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.60% in the past 14 days, which was higher than the 74.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5460, while its 200-day Moving Average is $2.9486. However, in the short run, Truecar Inc’s stock first resistance to watch stands at $1.5500. Second resistance stands at $1.6100. The third major resistance level sits at $1.6550. If the price goes on to break the first support level at $1.4450, it is likely to go to the next support level at $1.4000. The third support level lies at $1.3400 if the price breaches the second support level.
Truecar Inc (NASDAQ: TRUE) Key Stats
The company with the Market Capitalisation of 130.64 million has total of 87,676K Shares Outstanding. Its annual sales at the moment are 175,600 K in contrast with the sum of -31,050 K annual income. Company’s last quarter sales were recorded 44,810 K and last quarter income was -10,140 K.
