ThredUp Inc. (NASDAQ: TDUP) is -9.45% lower on its value in year-to-date trading and has touched a low of $14.23 and a high of $31.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TDUP stock was last observed hovering at around $18.05 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $20.00 for the next 12 months. It is also 17.68% off the consensus price target high of $22.00 offered by 8 analysts, but current levels are -13.19% lower than the price target low of $16.00 for the same period.
Currently trading at $18.11, the stock is -1.63% and -5.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 0.33% at the moment leaves the stock -5.69% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $25.19 and a 200-day simple moving average (SMA200) of $25.19.
The stock witnessed a -17.87% In the last 1 month and is -4.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.02% over the week and 9.11% over the month.
ThredUp Inc. (TDUP) has around 1862 employees, a market worth around $215.15M and $185.90M in sales. Profit margin for the company is 0.00%. Distance from 52-week low is 27.27% and -42.69% from its 52-week high. The company has generated returns on investments over the last 12 months (24.90%).
ThredUp Inc. (TDUP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ThredUp Inc. (TDUP) is a “Buy”. 8 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ThredUp Inc. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $48.38M over the same period.The EPS is expected to shrink by -24.80% this year.
ThredUp Inc. (TDUP) Top Institutional Holders
6 institutions hold shares in ThredUp Inc. (TDUP), with 134.31k shares held by insiders accounting for 1.04% while institutional investors hold 58.49% of the company’s shares. The shares outstanding are 11.88M, and float is at 11.88M with Short Float at 3.73%. Institutions hold 57.88% of the Float.
The top institutional shareholder in the company is Global Retirement Partners, LLC with over 1001.0 shares valued at $23353.0. The investor’s holdings represent 0.01% of the TDUP Shares outstanding.
ThredUp Inc. (TDUP) Insider Activity
A total of 12 insider transactions have happened at ThredUp Inc. (TDUP) in the last six months, with sales accounting for 0 and purchases happening 12 times.