TrueCar Price Target Raised to 4.00 at B. Riley
TRUE Stock | USD 4.35 0.13 3.08% |
About 57% of all TrueCar's shareholders are looking to take a long position. The analysis of overall sentiment of trading TrueCar stock suggests that some investors are interested at this time. The current market sentiment, together with TrueCar's historical and current headlines, can help investors time the market. In addition, many technical investors use TrueCar stock news signals to limit their universe of possible portfolio assets.
TrueCar |
TrueCar had its price target increased by B. Riley from 3.30 to 4.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the technology companys stock. A number of other research analysts have also recently issued reports on the company. Lake Street Capital
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TrueCar Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards TrueCar can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
TrueCar Fundamental Analysis
We analyze TrueCar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TrueCar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TrueCar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
TrueCar is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
TrueCar Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TrueCar stock to make a market-neutral strategy. Peer analysis of TrueCar could also be used in its relative valuation, which is a method of valuing TrueCar by comparing valuation metrics with similar companies.
Peers
TrueCar Related Equities
CMCM | Cheetah Mobile | 11.80 | ||||
TC | TuanChe ADR | 8.14 | ||||
MATH | Metalpha Technology | 7.78 | ||||
SCOR | Comscore | 4.96 | ||||
ATDRY | Auto Trader | 2.36 | ||||
AREN | Arena Group | 2.01 | ||||
OB | Outbrain | 1.68 | ||||
LCFY | Locafy | 1.27 | ||||
KRKR | 36Kr Holdings | 1.32 | ||||
SEAT | Vivid Seats | 2.81 | ||||
THRY | Thryv Holdings | 3.48 |
Complementary Tools for TrueCar Stock analysis
When running TrueCar's price analysis, check to measure TrueCar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TrueCar is operating at the current time. Most of TrueCar's value examination focuses on studying past and present price action to predict the probability of TrueCar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrueCar's price. Additionally, you may evaluate how the addition of TrueCar to your portfolios can decrease your overall portfolio volatility.
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