Truecar Inc Cmn (NASDAQ:TRUE) shares traded -0.43% down during most recent session to reach at the closing price of $11.69. The stock exchanged hands 1.17 Million shares versus average trading capacity of 1.64 Million shares, yielding a market cap of $1.19 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $16 within the next 52-weeks. The mean target projections are based on 10 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Truecar Inc Cmn (NASDAQ:TRUE) high price target of $19 and with a conservative view have low price target of $12.
Goldman Sachs “Assumes” Truecar Inc Cmn (NASDAQ:TRUE) in a research note issued to investors on 10/11/17 to Neutral with price target of $17.
Additionally on 10/02/17 Morgan Stanley “Upgrades” Truecar Inc Cmn (NASDAQ:TRUE) to Equal-Weight setting price target at $0 and on 7/20/17 Morgan Stanley “Maintained” the stock to Underweight at $13. Furthermore on 3/27/17 Citigroup “Initiates Coverage On” the stock to Buy at $18.
On the other hand the company has Relative Strength Index (RSI 14) of 37.73 along with Average True Range (ATR 14) of 0.63, Consequently Truecar Inc Cmn (NASDAQ:TRUE)’s weekly and monthly volatility is 2.94%, 4.13% respectively. The company’s beta value is at 2.94.
In terms of Buy, Sell or Hold recommendations, Truecar Inc Cmn (NASDAQ:TRUE) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Truecar Inc Cmn (NASDAQ:TRUE)’s minimum EPS for the current quarter is at $0 and can go high up to $0.02. The consensus mean EPS for the current quarter is at $0 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.01 earnings per share for the same quarter during last year.
Previously Truecar Inc Cmn (NASDAQ:TRUE) reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company posted an earnings surprise of 100%.
Truecar Inc Cmn (NASDAQ:TRUE)’s revenue estimates for the current quarter are $81.8 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $82.7 Million in contradiction of low revenue estimates of $80.34 Million. For the current year the company’s revenue estimates are $321.75 Million compared to low analyst estimates of $320.35 Million and high estimates of $322.7 Million according to 9 number of analysts.
Currently Truecar Inc Cmn (NASDAQ:TRUE)’s shares owned by insiders are 2%, whereas shares owned by institutional owners are 99.1%. However the six-month change in the insider ownership was recorded -39.96%, as well as three-month change in the institutional ownership was recorded 8.27%.
Truecar Inc Cmn (NASDAQ:TRUE) 52-week high price stands at $21.75 and low price stands at $10.16, its price distance from 52-week high is -46.25% while its distance from 52-week low price is 15.06%. The stock hit its 52-week high on 07/17/17, and 52-week low on 11/09/17.
Truecar Inc Cmn (NASDAQ:TRUE)’s trailing twelve month revenues are $314.1 Million, whereas its price to sales ratio for the same period is 3.78. Its book value per share for the most recent quarter is $3.15 while its price to book ratio for the same period is 3.71, as for as the company’s cash per share for the most recent quarter is $1.93, however its price to cash per share ratio for the same period is 6.05. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.