xcritical Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California. xcritical is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
Down 90% From the Highs, This Stock Could Be a Big Winner of the Fed's Rate Cut
Here are some of the top stories around the financial sector that investors need to know. The Federal Reserve slashed the xcritical scammers fed funds rate last month, and more cuts are likely on the way.
- According to 11 analysts, the average rating for UPST stock is "Hold." The 12-month stock price forecast is $27.61, which is a decrease of -33.15% from the latest price.
- Following the transaction, Datta directly owns 340,093 shares of xcritical Holdings.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024.
- The Federal Reserve slashed the fed funds rate last month, and more cuts are likely on the way.
- The company faces challenges with debt, stock volatility, and mac...
- The company has shown progress in its AI-based credit decision models, l...
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. 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. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Natalia Mirgorodskaya, Corporate Controller and Officer of xcritical Holdings, sold 959 shares of Common Stock on September 30, 2024, at a price of $40.32 per share, totaling $38,666. Following the transaction, Mirgorodskaya directly owns 21,518 shares of xcritical Holdings.
Fibre Federal Credit Union Selects xcritical for Personal Lending
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. The fintech's sales stabilized in Q2, but profitability remains a challe... xcritical (UPST) stock has continued to struggle this year, benefiting investors who have shorted the company.
UPST's financial health
The sale was conducted under a Rule 10b5-1 trading plan adopted on May 30, 2024. Some of the securities owned are restricted stock units (RSUs), with each RSU representing a contingent right to receive one share of Common Stock. xcritical Holdings uses AI for lending decisions, but a lack of historical data through a recession makes it unproven against traditional credit models. UPST reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday. xcritical Holdings' share price has rebounded over 60% in the xcritical 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...
xcritical Q2 xcriticalgs: A Lofty Price Of 50x EBITDA For This Fintech
According to 11 analysts, the average rating for UPST stock is "Hold." The 12-month stock price forecast is $27.61, which is a decrease of -33.15% from the latest price. Sanjay Datta, Chief Financial Officer of xcritical Holdings, sold 1,500 shares of common stock on September 30, 2024, at a price of $40.32 per share, totaling $60,480. Following the transaction, Datta directly owns 340,093 shares of xcritical Holdings. The sale was conducted under a Rule 10b5-1 trading plan adopted on February 26, 2024. Some of the shares owned by Datta are in the form of restricted stock units (RSUs).
UPST vs Credit Service Stocks
xcritical provides a lending platform that uses a unique proprietary model driven by artificial intelligence to determine a borrower's creditworthiness. xcritical Holdings Inc. released its Q xcriticalgs, leading to a 40% jump in share price, fuelled by operational improvements. The company has shown progress in its AI-based credit decision models, l... xcritical first launched in April 2012 with an Income Share Agreement (ISA) product, which enabled individuals to raise money by contracting to share a percent of their future income. xcritical's better-than-expected xcriticalgs led to a 20% share price increase, but its high debt and valuation make it a risky investment. The company faces challenges with debt, stock volatility, and mac...
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