ThredUp Inc (NASDAQ:TDUP) price on Thursday, April 10, rose 4.76% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.30.
A look at the stock’s price movement, the close in the last trading session was $3.15, moving within a range at $3.1 and $3.4. The beta value (5-Year monthly) was 1.646. Turning to its 52-week performance, $3.35 and $0.50 were the 52-week high and 52-week low respectively. Overall, TDUP moved 36.93% over the past month.
ThredUp Inc’s market cap currently stands at around $390.66 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
Analysts have a consensus estimate of 67.54M for the company’s revenue for the quarter, with a low and high estimate of 64.28M and 69.2M respectively. The average forecast suggests down to a -15.14% 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 274.23M, representing a 5.46% jump 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 25.48% and 29.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.24, while 7-day volatility ratio is 11.43% and 9.05% in the 30-day chart. Further, ThredUp Inc (TDUP) has a beta value of 1.52, and an average true range (ATR) of 0.24. 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 39.39% off current price level while to achieve the yearly target high, price needs to move 39.39%. Nonetheless, investors will most likely welcome a 39.39% 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 1.1 over the past 10 days and 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 88.06 million shares.
The 25.84% of ThredUp Inc’s shares are in the hands of company insiders while institutional holders own 44.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.68 million on 2025-03-14, giving us a short ratio of 5.19. The data shows that as of 2025-03-14 short interest in ThredUp Inc (TDUP) stood at 451.00003 of shares outstanding, with shares short falling to 4.2 million registered in 2025-02-14. Current price change has pushed the stock 137.41% 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.
