ThredUp Inc (NASDAQ: TDUP) is -17.33% lower on its value in year-to-date trading and has touched a low of $1.66 and a high of $4.39 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 $1.93 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.86, the stock is -3.20% and -7.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -3.63% at the moment leaves the stock -30.20% off its SMA200. TDUP registered -26.48% loss for a year compared to 6-month loss of -50.92%. The firm has a 50-day simple moving average (SMA 50) of $0.69 and a 200-day simple moving average (SMA200) of -$4.42.
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The stock witnessed a -21.19% gain in the last 1 month and extending the period to 3 months gives it a -18.06%, and is -3.63% 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 4.35% over the week and 6.27% over the month.
ThredUp Inc (TDUP) has around 2377 employees, a market worth around $202.44M and $322.02M in sales. Profit margin for the company is -22.13%. Distance from 52-week low is 12.05% and -57.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.78%).
ThredUp Inc quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $80.18M over the same period.The EPS is expected to grow by 34.12% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.
148 institutions hold shares in ThredUp Inc (TDUP), with institutional investors hold 91.13% of the company’s shares. The shares outstanding are 78.83M, and float is at 75.46M with Short Float at 8.88%. Institutions hold 88.10% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 8.06 million shares valued at $19.68 million. The investor’s holdings represent 10.72% of the TDUP Shares outstanding. As of Jun 29, 2023, the second largest holder is Goldman Sachs Group Inc with 7.79 million shares valued at $19.01 million to account for 10.36% of the shares outstanding. The other top investors are Thrivent Financial For Lutherans which holds 6.87 million shares representing 9.14% and valued at over $16.77 million, while FMR, LLC holds 6.32% of the shares totaling 4.76 million with a market value of $11.61 million.
ThredUp Inc (TDUP) Insider Activity
The most recent transaction is an insider sale by Reinhart James G., the company’s Chief Executive Officer. SEC filings show that Reinhart James G. sold 20,744 shares of the company’s common stock on Apr 01 ’24 at a price of $2.00 per share for a total of $41509.0. Following the sale, the insider now owns 0.66 million shares.
ThredUp Inc disclosed in a document filed with the SEC on Mar 20 ’24 that Reinhart James G. (Chief Executive Officer) sold a total of 9,801 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $2.01 per share for $19653.0. Following the transaction, the insider now directly holds 0.68 million shares of the TDUP stock.
Still, SEC filings show that on Mar 19 ’24, Reinhart James G. (Chief Executive Officer) disposed off 5,000 shares at an average price of $2.00 for $10003.0. The insider now directly holds 689,943 shares of ThredUp Inc (TDUP).
