The trading price of ThredUp Inc (NASDAQ:TDUP) closed lower on Tuesday, May 27, and closing at $7.36, -0.27% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $7.58 and a 52-week low of $0.50. Over the past month, the stock has gained 75.24% in value.
ThredUp Inc, whose market valuation is $870.30 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.07 per share this quarter, however they have predicted annual earnings per share of -0.24 for current year and -0.16 for next year.
Analysts have forecast the company to bring in revenue of 73.08M for the current quarter, with the likely lows of 71.4M and highs of 74M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 285.07M.
On the technical side, indicators suggest TDUP has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TDUP a recommendation rating is 6. Out of them, 2 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged ThredUp Inc (TDUP) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that TDUP’s price is currently 18.24% off the SMA20 and 70.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 77.02, and weekly volatility stands at 3.78%. When measured over the past 30 days, the indicator reaches 9.22%. ThredUp Inc (NASDAQ:TDUP)’s beta value is currently sitting at 1.69, while the Average True Range indicator is currently displaying 0.42. With analysts defining $2-$5 as the low and high price targets, we arrive at a consensus price target of $4 for the trailing 12-month period. The current price is about 72.83% off the estimated low and 32.07% off the forecast high, based on this estimate. Investors will be thrilled if TDUP’s share price rises to $4, which is the median consensus price. At that level, TDUP’s share price would be 45.65% above current price.
To see how ThredUp Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TDUP stock’s performance was -0.27% in the latest trading, and 248.82% in the past year.
An evaluation of the daily trading volume of ThredUp Inc (NASDAQ:TDUP) indicates that the 3-month average is 1.82 million.
Currently, records show that 94.81 million of the company’s shares remain outstanding. The insiders hold 24.58% of outstanding shares, whereas institutions hold 49.28%. However, since the stock’s price has seen 429.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
