ThredUp Inc (NASDAQ:TDUP) price on current trading day, remained unchanged to $1.74.
A look at the stock’s price movement, the close in the last trading session was $1.74, moving within a range at $1.7 and $1.78. The beta value (5-Year monthly) was 0.751. Turning to its 52-week performance, $2.60 and $0.50 were the 52-week high and 52-week low respectively. Overall, TDUP moved 97.97% over the past month.
ThredUp Inc’s market cap currently stands at around $197.94 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 76.65M for the company’s revenue for the quarter, with a low and high estimate of 68.2M and 100.5M respectively. The average forecast suggests down to a -5.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 300.98M, representing a -6.54% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TDUP is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend TDUP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TDUP’s current price about 29.94% and 76.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.87, while 7-day volatility ratio is 10.03% and 13.43% in the 30-day chart. Further, ThredUp Inc (TDUP) has a beta value of 1.62, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $2 and high of $2. Looking at the price targets, the low is -14.94% off current price level while to achieve the yearly target high, price needs to move -14.94%. Nonetheless, investors will most likely welcome a -14.94% jump to $2 which is the analysts’ median price.
If we refocus on ThredUp Inc (NASDAQ:TDUP), historical trading data shows that trading volumes averaged 0.97 over the past 10 days and 847.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 85.66 million shares.
The 30.01% of ThredUp Inc’s shares are in the hands of company insiders while institutional holders own 48.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.75 million on 2024-11-15, giving us a short ratio of 2.92. The data shows that as of 2024-11-15 short interest in ThredUp Inc (TDUP) stood at 502.00000000000006 of shares outstanding, with shares short falling to 4.23 million registered in 2024-10-15. Current price change has pushed the stock -22.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TDUP stock continues to rise going into the next quarter.
