UPST stock price has seen a strong fall and is expected to take a loss in the next quarter.
Technical indicators are not favoring the bulls of UPST. It is currently trading near $12.4 with a drop of 6%
Upstart Holdings, Inc. is a fintech company which uses artificial intelligence and machine learning to assess the creditworthiness of borrowers. It was founded in 2012 and went public through a direct listing on the NASDAQ stock exchange in December 2020.Since its IPO, Upstart’s stock price has been on a rollercoaster ride, reaching an all-time high of around $162 per share before plummeting to around $12 per share in recent months.It is yet to see a strong recovery to a new highThe company partners with banks and other financial institutions to offer personal loans, auto loans, and student loans to consumers. Upstart claims that its AI-driven approach can provide more accurate risk assessments and faster loan approvals than traditional underwriting methods.
UPST stock has seen a signi
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