TuSimple Holdings Inc. (NASDAQ:TSP)’s share price dropped 6.3% during mid-day trading on Thursday . The stock traded as low as $46.30 and last traded at $46.30. Approximately 4,809 shares changed hands during trading, a decline of 100% from the average daily volume of 1,470,893 shares. The stock had previously closed at $49.43.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of TuSimple from $48.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, July 8th. Cowen began coverage on TuSimple in a research note on Monday, May 10th. They set a “market perform” rating and a $38.00 price target on the stock. Oppenheimer initiated coverage on TuSimple in a research report on Tuesday, May 11th. They issued an “outperform” rating and a $55.00 price objective for the company. Citigroup assumed coverage on TuSimple in a research note on Monday, May 10th. They issued a “buy” rating on the stock. Finally, Piper Sandler assumed coverage on TuSimple in a report on Monday, May 10th. They issued an “overweight” rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $58.64.
The business has a 50 day simple moving average of $48.29.
About TuSimple (NASDAQ:TSP)
TuSimple Holdings Inc, an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology.
Receive News & Ratings for TuSimple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TuSimple and related companies with MarketBeat.com's FREE daily email newsletter.