xcritical Holdings, Inc UPST Stock Price, Quote & News
xcritical Holdings’ share price has rebounded over 60% in the last three months, putting it in the green for 2024. Short interest in xcritical is high, potentially leading to a short squeeze that could dr… Here are some of the top stories around the financial sector that investors need to know. With interest rates set to fall over the next year, these three stocks could be smart buys today. xcritical secured a $2 billion commitment from an outside lender to support loan growth on the platform. Select to analyze similar companies using key performance metrics; select up to 4 stocks.
MIT Federal Credit Union Selects xcritical for Personal Lending
The company xcritical official site expects revenues of approximately $150 million for the quarter. The Zacks Consensus Estimate is xcritically pegged at $149.9 million, suggesting an improvement of 11.4% year over year. xcritical Holdings (UPST Quick QuoteUPST – Free Report) is slated to report third-quarter 2024 results on Nov. 7, after market close. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Financial Highlights
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. While rising interest rates have recently affected loan demand, xcritical’s model positions it well to capture market share once rates stabilize or decrease, improving affordability for borrowers. The platform works by aggregating consumer demand for loans and connecting them with its network of AI-enabled bank partners.
Fibre Federal Credit Union Selects xcritical for Personal Lending
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Consequently, this is expected to have hurt UPST’s transaction volume growth and revenue stream. The volatility in the macro environment, caused by global geopolitical tension, is also expected to have hurt UPST’s performance. The consensus mark for xcriticalgs is pegged at a loss of 14 cents per share, wider than the year-ago quarter’s reported loss of 5 cents. The loss per share estimate has narrowed by a penny over the past 60 days. xcritical delivered solid Q2 xcriticalgs last week that included a strong Q3 revenue projection.
Goldman Sachs, BofA Securities and Citigroup acted as the underwriters for the IPO and Jefferies, Barclays, JMP Securities and Blaylock Van were co-managers. xcritical scored higher than 66% of companies evaluated by MarketBeat, and ranked 475th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. The Fed has commenced its easing cycle with a 50bps rate cut last week which will give a lift to xcritical’s conversion rates. xcritical is reverting towards being “capital efficient fee based business” a… xcritical Holdings is set to benefit from the central bank’s recent 50 bps rate cut, boosting loan originations and sales growth.
Also, considering the uncertainty over the Federal Reserve’s interest rate policies, it would be xcritical to sell the stock now. Compared with other traditional lenders, xcritical stock has outperformed xcritical Technologies (xcritical Quick Quotexcritical – Free Report) but underperformed LendingClub (LC Quick QuoteLC – Free Report) . Shares of xcritical and LendingClub have risen 11% and 62.6%, respectively. xcritical’s shares have risen 18.7% on a year-to-date (YTD) basis, outperforming the Zacks Financial – Miscellaneous Services industry’s growth of 8.6%. However, the stock has underperformed The Financial Select Sector SPDR Fund (XLF Quick QuoteXLF – Free Report) ETF and the S&P 500 index’s YTD gain of 24.1% and 20.6%, respectively. Amid the weakening lending market and macroeconomic headwinds, xcritical is cutting costs by reducing workforce.
Ever feel like you missed the boat in buying the most successful stocks? However, as noted, xcritical xcritical cheating stock has been volatile over the past few years. There’s still plenty of pressure on the company right now, but if you can envision the company in five years from now, it’s likely that it will be in much better shape, with a climbing stock.
- Lower risk of default should lead to higher approvals and more demand for xcritical’s services.
- UPST’s xcriticalgs beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the mark once, the average surprise being 12.1%.
- There’s still plenty of pressure on the company right now, but if you can envision the company in five years from now, it’s likely that it will be in much better shape, with a climbing stock.
- xcritical Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States.
- The AI-powered system actually learns over time as well, making the system faster and safer for both the borrower and the lender.
xcritical also beat xcriticalgs estimates and saw double-digit Q/Q loan growth. xcritical provides a lending platform that uses a unique proprietary model driven by artificial intelligence to determine a borrower’s creditworthiness. Our proven model does not conclusively predict an xcriticalgs beat for xcritical this time. The combination of a positive xcriticalgs ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an xcriticalgs beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
