September 30, 2022
By : Quick Insurance Guru
The management guidance came in below expectations for UPST's Q3-2022.
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Upstart's stock fell by almost 75% year-to-date, as its growth had been challenged by funding issues in the current market environment.
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UPST's revenue should be less volatile in the long run, but this could be detrimental.
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Upstart appears to be valued fairly well, considering both historical and peer valuations.
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Upstart's stock is rated as a hold, but UPST isn't a buy despite dropping significantly so far in 2022.
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I previously touched on UPST's share price weakness and financial outlook in my earlier March 2, 2022, essay.
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This year, Upstart's stock is down over 80 percent because of funding problems.
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The key metrics revealed by UPST as part of its Q3 2022 management guidance were poor.
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Company's Q2 2022 earnings release, Upstart had guided for a top line of $170 million & breakeven non-GAAP adjusted EBITDA for the third quarter of 2022.
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Upstart's stock price is down 85% in 2022 so far, compared to a -23% pullback for the S&P 500 in the same time frame.
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