TRUE Stock Summary and Trading Ideas (Truecar | NASDAQ:TRUE)

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. TrueCar enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Truecar trades on the NASDAQ stock market under the symbol TRUE.

As of April 25, 2024, TRUE stock price declined to $2.80 with 81,352 million shares trading.

TRUE has a beta of 2.73, meaning it tends to be more sensitive to market movements. TRUE has a correlation of 0.37 to the broad based SPY ETF.

TRUE has a market cap of $255.28 million. This is considered a Small Cap stock.

Last quarter Truecar reported $41 million in Revenue and -$.02 earnings per share. This fell short of revenue expectation by $-573,000 and exceeded earnings estimates by $.01.

In the last 3 years, TRUE stock traded as high as $6.22 and as low as $1.30.

The top ETF exchange traded funds that TRUE belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.

TRUE has underperformed the market in the last year with a price return of +7.7% while the SPY ETF gained +23.2%. TRUE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.4% and -7.9%, respectively, while the SPY returned +3.7% and -2.4%, respectively.

TRUE support price is $2.82 and resistance is $3.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRUE stock will trade within this expected range on the day.