Thoughtworks Holding Inc (NASDAQ: TWKS) is -8.11% lower on its value in year-to-date trading and has touched a low of $2.19 and a high of $5.20 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 TWKS stock was last observed hovering at around $4.40 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $4.42, the stock is 0.78% and 7.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.45% at the moment leaves the stock 25.21% off its SMA200. TWKS registered 8.87% gain for a year compared to 6-month gain of 74.70%. The firm has a 50-day simple moving average (SMA 50) of $4.1259 and a 200-day simple moving average (SMA200) of $3.5302.
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The stock witnessed a 2.08% loss in the last 1 month and extending the period to 3 months gives it a 55.63%, and is 0.45% up 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 0.43% over the week and 0.60% over the month.
Thoughtworks Holding Inc (TWKS) has around 10500 employees, a market worth around $1.43B and $1.03B in sales. Fwd P/E is 26.87. Profit margin for the company is -11.20%. Distance from 52-week low is 101.83% and -15.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.15%).
with sales reaching $256.19M over the same period.The EPS is expected to shrink by -67.35% this year, but quarterly earnings will post -10.30% year-over-year. Quarterly sales are estimated to shrink -8.60% in year-over-year returns.
Thoughtworks Holding Inc (TWKS) Top Institutional Holders
170.0 institutions hold shares in Thoughtworks Holding Inc (TWKS), with institutional investors hold 96.49% of the company’s shares. The shares outstanding are 322.41M, and float is at 89.04M with Short Float at 3.92%. Institutions hold 88.33% of the Float.
The top institutional shareholder in the company is SIEMENS AG with over 24.15 million shares valued at $68.59 million. The investor’s holdings represent 7.4858% of the TWKS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.85 million shares valued at $33.65 million to account for 3.672 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 10.02 million shares representing 3.1048% and valued at over $28.45 million, while BLACKROCK INC. holds 2.4171 of the shares totaling 7.8 million with a market value of $22.15 million.
Thoughtworks Holding Inc (TWKS) Insider Activity
The most recent transaction is an insider sale by Parke Joanna. SEC filings show that Parke Joanna sold 16,005 shares of the company’s common stock on Dec 27 ’23 at a price of $5.00 per share for a total of $80025.0. Following the sale, the insider now owns 0.43 million shares.
