For the readers interested in the stock health of TuSimple Holdings Inc. (TSP). It is currently valued at $24.45. When the transactions were called off in the previous session, Stock hit the highs of $27.50, after setting-off with the price of $27.50. Company’s stock value dipped to $25.3706 during the trading on the day. When the trading was stopped its value was $25.53.Recently in News on January 4, 2022, TuSimple Develops Autonomous Domain Controller Using NVIDIA DRIVE Orin to Bring Level 4 Autonomous Trucking to Market at Scale. TuSimple (Nasdaq: TSP), a global autonomous driving technology company, has expanded its ongoing partnership with NVIDIA to design and develop an advanced autonomous domain controller (ADC) specifically engineered for TuSimple’s Level 4 autonomous trucking applications. The ADC design will incorporate the NVIDIA DRIVE Orin system-on-a-chip (SoC), which is specifically designed for AI-based autonomous driving applications. The collaboration with NVIDIA is intended to accelerate TuSimple’s ability to put autonomous trucks on the Autonomous Freight Network (AFN) at scale with a production-ready computing solution capable of handling both the unique requirements and powerful computational needs of TuSimple’s autonomous driving system (ADS). You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, TuSimple Holdings Inc. shares are logging -69.38% during the 52-week period from high price, and 1.16% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $24.17 and $79.84.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 986780 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the TuSimple Holdings Inc. (TSP) recorded performance in the market was -28.79%, having the revenues showcasing -33.71% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.60B, as it employees total of 1000 workers.
TuSimple Holdings Inc. (TSP) in the eye of market guru’s
During the last month, 9 analysts gave the TuSimple Holdings Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 37.40, with a change in the price was noted -22.33. In a similar fashion, TuSimple Holdings Inc. posted a movement of -48.17% for the period of last 100 days, recording 1,694,096 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TSP is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
TuSimple Holdings Inc. (TSP): Stocks Technical analysis and Trends
Raw Stochastic average of TuSimple Holdings Inc. in the period of last 50 days is set at 0.60%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 0.75%. In the last 20 days, the company’s Stochastic %K was 10.09% and its Stochastic %D was recorded 15.35%.
If we look into the earlier routines of TuSimple Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -28.79%. The shares increased approximately by -10.89% in the 7-day charts and went up by -22.16% in the period of the last 30 days. Common stock shares were lifted by -33.71% during last recorded quarter.