ThredUp Inc (NASDAQ: TDUP) is 56.12% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $2.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TDUP stock was last observed hovering at around $2.26 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $2.17, the stock is 43.33% and 54.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -3.98% at the moment leaves the stock 55.63% off its SMA200. TDUP registered 4.83% gain for a year compared to 6-month loss of 6.90%. The firm has a 50-day simple moving average (SMA 50) of $1.37166 and a 200-day simple moving average (SMA200) of $1.393585.
The stock witnessed a 45.64% gain in the last 1 month and extending the period to 3 months gives it a 180.43%, and is 61.94% 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 15.88% over the week and 10.52% over the month.
ThredUp Inc (TDUP) has around 2377 employees, a market worth around $246.85M and $313.76M in sales. Profit margin for the company is -22.28%. Distance from 52-week low is 331.41% and -10.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.57%).
with sales reaching $72.13M over the same period.The EPS is expected to grow by 11.76% this year, but quarterly earnings will post -5.75% year-over-year. Quarterly sales are estimated to shrink -11.38% in year-over-year returns.
125.0 institutions hold shares in ThredUp Inc (TDUP), with institutional investors hold 67.47% of the company’s shares. The shares outstanding are 85.66M, and float is at 80.91M with Short Float at 6.05%. Institutions hold 64.08% 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 sale by Nakache Patricia, the company’s Director. SEC filings show that Nakache Patricia sold 625,498 shares of the company’s common stock on Jan 14 ’25 at a price of $1.95 per share for a total of $1.22 million. Following the sale, the insider now owns 0.0 shares.
ThredUp Inc disclosed in a document filed with the SEC on Jan 15 ’25 that Nakache Patricia (Director) sold a total of 510,122 shares of the company’s common stock. The trade occurred on Jan 15 ’25 and was made at $2.18 per share for $1.11 million. Following the transaction, the insider now directly holds 0.0 shares of the TDUP stock.
Still, SEC filings show that on Jan 16 ’25, Nakache Patricia (Director) disposed off 195,337 shares at an average price of $2.26 for $0.44 million. The insider now directly holds 0 shares of ThredUp Inc (TDUP).
