Thoughtworks Holding Inc. (NASDAQ:TWKS) Down -17.10% Over The Past 30 Days: Any Troubles Ahead? – Marketing Sentinel
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Thoughtworks Holding Inc. (NASDAQ:TWKS) Down -17.10% Over The Past 30 Days: Any Troubles Ahead?

In last trading session, Thoughtworks Holding Inc. (NASDAQ:TWKS) saw 0.65 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $23.07 trading at -$0.93 or -3.88% at ring of the bell on the day assigns it a market valuation of $7.13B. That closing price of TWKS’s stock is at a discount of -49.24% from its 52-week high price of $34.43 and is indicating a discount of -0.61% from its 52-week low price of $23.21. Taking a look at company’s average trading volume of 524.23K if we extend that period to 3-months.

For Thoughtworks Holding Inc. (TWKS), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.

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Thoughtworks Holding Inc. (NASDAQ:TWKS) trade information

Upright in the red during last session for losing -3.88%, in the last five days TWKS remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $23.07 price level, adding 14.43% to its value on the day. Thoughtworks Holding Inc.’s shares saw a change of -13.95% in year-to-date performance and have moved -4.23% in past 5-day. Thoughtworks Holding Inc. (NASDAQ:TWKS) showed a performance of -17.10% in past 30-days.

Wall Street analysts have assigned a consensus price target of $34.00 to the stock, which implies a rise of 32.15% to its current value. Analysts have been projecting $30.00 as a low price target for the stock while placing it at a high target of $36.00. It follows that stock’s current price would drop -56.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -30.04% for stock’s current value.

Thoughtworks Holding Inc. (TWKS) estimates and forecasts

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $286.47 million for the same. And 10 analysts are in estimates of company making revenue of $295.26 million in the next quarter that will end on Mar 2022.

In 2022, company’s earnings growth rate is likely to be around 157.30% while estimates for its earnings growth in next 5 years are of 36.27%.

TWKS Dividends

Thoughtworks Holding Inc. is more likely to be releasing its next quarterly report on November 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Thoughtworks Holding Inc. (NASDAQ:TWKS)’s Major holders

Insiders are in possession of 83.11% of company’s total shares while institution are holding 23.77 percent of that, with stock having share float percentage of 140.73%. Investors also watch the number of corporate investors in a company very closely, which is 23.77% institutions for Thoughtworks Holding Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at TWKS for having 7.58 million shares of worth $217.65 million. And as of Sep 29, 2021, it was holding 2.48% of the company’s outstanding shares.

The second largest institutional holder is Massachusetts Financial Services Co., which was holding about 5.25 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 1.72% of outstanding shares, having a total worth of $150.64 million.

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On the other hand, Growth Fund Of America Inc and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 2.55 million shares of worth $73.18 million or 0.84% of the total outstanding shares. The later fund manager was in possession of 1.98 million shares on Sep 29, 2021, making its stake of worth around $56.72 million in the company or a holder of 0.65% of company’s stock.

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