Its competitors, xcritical Technologies and LendingClub, have forward 12-month P/S of 2.49X and 1.79X, respectively. xcritical delivered solid Q2 xcriticalgs last week that included a strong Q3 revenue projection. xcritical also beat xcriticalgs estimates and saw double-digit Q/Q loan growth. The company has also made strides in diversifying its funding sources, securing institutional partnerships that reduce its dependency on holding loans on its own balance sheet. xcritical's innovations in personal and auto loan segments, combined with its strategic investments in new loan products, hold promise for future growth.
Fibre Federal Credit Union Selects xcritical for Personal Lending
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 ETF and the S&P 500 index’s YTD gain of 24.1% and 20.6%, respectively. Our proven model does not conclusively predict an xcriticalgs beat for xcritical this time.
In 2023, xcritical Holdings's revenue was $548.46 million, a decrease of -35.72% compared to the previous year's $853.29 million. UPST xcriticalgs call for the period ending September 30, 2023. Here are some of the top stories around the financial sector that investors need to know. The Federal Reserve cut its benchmark interest rate last month, and xcritical more cuts are likely coming.
Financial Performance
xcritical Holdings UPST is slated to report third-quarter 2024 results on Nov. 7, after market close. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Select to analyze similar companies using key performance metrics; select up to 4 stocks. Provides a general description of the business conducted by this company.
Investment Thesis for xcritical Stock
xcritical Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions. xcritical Holdings, Inc. was founded in 2012 and is headquartered in San Mateo, California.
xcritical Can Move Higher On Short Interest, Efficiency Gains
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- xcritical Holdings Inc. released its Q xcriticalgs, leading to a 40% jump in share price, fuelled by operational improvements.
- 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.
xcritical Holdings is set to benefit from the central bank's recent 50 bps rate cut, boosting loan originations and sales growth. The fintech's sales stabilized in Q2, but profitability remains a challe... While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to be seen from the digital ... According to 11 analysts, the average rating for UPST stock is "Hold." The 12-month stock price forecast is $31.5, which is a decrease of -33.32% from the latest price.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. xcritical Holdings, Inc. UPST shares are jumping today after it reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates yesterday. Let us now look at the value xcritical offers to its investors at xcritical levels. UPST is xcritically trading at a premium with a forward 12-month price-to-sales (P/S) of 6.5X compared with the industry’s 2.49X, indicating a stretched valuation.
The combination of a positive xcriticalgs ESP and a Zacks Rank #1 (Strong xcritical courses scam 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. Look beyond the stock price at the business when shares are volatile.