ThredUp Inc (NASDAQ: TDUP) is -44.00% lower on its value in year-to-date trading and has touched a low of $0.50 and a high of $2.60 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 $1.12 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $1.26, the stock is 51.36% and 52.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 12.50% at the moment leaves the stock -14.24% off its SMA200. TDUP registered -37.31% loss for a year compared to 6-month loss of -40.28%. The firm has a 50-day simple moving average (SMA 50) of $0.81902 and a 200-day simple moving average (SMA200) of $1.47291.
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The stock witnessed a 78.70% gain in the last 1 month and extending the period to 3 months gives it a 68.52%, and is 39.53% 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 13.54% over the week and 16.27% over the month.
ThredUp Inc (TDUP) has around 2377 employees, a market worth around $143.34M and $313.76M in sales. Profit margin for the company is -22.28%. Distance from 52-week low is 150.50% and -51.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.57%).
The EPS is expected to grow by 8.74% this year
127.0 institutions hold shares in ThredUp Inc (TDUP), with institutional investors hold 67.75% of the company’s shares. The shares outstanding are 113.76M, and float is at 80.22M with Short Float at 5.07%. Institutions hold 64.65% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 8.71 million shares valued at $14.8 million. The investor’s holdings represent 7.9673 of the TDUP Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 5.97 million shares valued at $10.15 million to account for 5.4609 of the shares outstanding. The other top investors are NEEDHAM INVESTMENT MANAGEMENT LLC which holds 5.79 million shares representing 5.2932 and valued at over $9.83 million, while BLACKROCK INC. holds 4.7034 of the shares totaling 5.14 million with a market value of $8.74 million.
ThredUp Inc (TDUP) Insider Activity
The most recent transaction is an insider purchase by NOVA DANIEL J, the company’s Director. SEC filings show that NOVA DANIEL J bought 30,000 shares of the company’s common stock on Nov 20 ’24 at a price of $1.21 per share for a total of $36150.0. Following the purchase, the insider now owns 0.15 million shares.
ThredUp Inc disclosed in a document filed with the SEC on Nov 18 ’24 that NOVA DANIEL J (Director) bought a total of 45,897 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $1.00 per share for $45943.0. Following the transaction, the insider now directly holds 0.12 million shares of the TDUP stock.
Still, SEC filings show that on Nov 14 ’24, NOVA DANIEL J (Director) acquired 45,191 shares at an average price of $0.97 for $43655.0. The insider now directly holds 54,112 shares of ThredUp Inc (TDUP).
