Upstart Holdings, Inc. (NASDAQ:UPST) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
The Upstart Holdings, Inc. (NASDAQ:UPST) share price has fared very poorly over the last month, falling by a substantial 28%. Looking at the bigger picture, even after this poor month the stock is up 32% in the last year.
Although its price has dipped substantially, when almost half of the companies in the United States’ Consumer Finance industry have price-to-sales ratios (or “P/S”) below 1.5x, you may still consider Upstart Holdings as a stock not worth researching with its 5.7x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
