ThredUp Inc. (NASDAQ:TDUP) currently has a daily average trading volume of 1.67M but it saw 1097598 shares traded on Thursday. With a market cap of 253.26M USD, stock’s current market price of $2.26 came rising about 5.12 while comparing to the previous closing price of $2.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.99 and as low as $0.73. In the recent trading on the day, stock has struck highest price mark of $2.37 while lowest mark touched by it was $2.12.
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Taking a look at 20-day trading activity of ThredUp Inc. (TDUP) gives us an average price of $1.82, while its current price level is -74.86% below from 52-week high level whereas it is 209.38% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.77 while that of 200 days or SMA-200 reads an average of $2.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.90% during that period while stretching the period over a month that increases to 13.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.82 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 12 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which downgraded the stock as “Neutral” in its note to investors issued on July 22, 2022, recommending a price target of between $12 and $3.50 for it. Raymond James issued its recommendations for the stock as it initiated the price target for the stock is $7.
Over the week, TDUP’s stock price is moving -4.24% down while it is 46.75% when we observe its performance for the past one month. Year-to-date it is 72.52% up and over the past year, the stock is showing a downside performance of -66.12%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.24 beaten by the consensus estimate of -$0.22 for the same. The company is expected to be releasing its next quarterly report in 05/09/2023, for which analysts forecasted an EPS of -$0.2 while estimate for next year EPS is -$0.93. For TDUP, analysts are forecasting an EPS-growth rate of -13.40% for current year and estimate for EPS growth in next year is 33.30%. In next quarter, company is expected to be making quarterly sales of $68.71 million as analysts are expecting the sales for current fiscal year at $280 million and seeing the company making $301.73 million in sales next year. Moreover, analysts are in estimates of $62.92 million for current-quarter revenue.
Currently, ThredUp Inc.’s total number of outstanding shares is 101.04M with 2.75% of that held by the insiders while 80.00% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -52.80% and return on equity (ROE) at -57.20%. Stock has a price to book (P/B) ratio of 1.63 while price to sale or P/S ratio amounts to 0.88. Its return on asset (ROA) is -27.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Small Cap World Fu came shrinking its share ownership by 31.04% in the ThredUp Inc. (TDUP) increasing its stake to 11.53% with control over 1.91 million shares in the company. In the most recent quarter, Thrivent Small Cap Stock Fund came rising its stake by 143.19% in the company and now holds 2.76 million or 3.94% of the company’s stake having worth of about 4.38 million.
