During the last session, Thoughtworks Holding Inc. (NASDAQ:TWKS)’s traded shares were 1.52 million. At the end of the trading day, the stock’s price was $14.21, reflecting an intraday loss of -1.39% or -$0.2. The 52-week high for the TWKS share is $34.43, that puts it down -142.29 from that peak though still a striking 8.59% gain since the share price plummeted to a 52-week low of $12.99. The company’s market capitalization is $4.35B, and the average intraday trading volume over the past 10 days was 1.29 million shares, and the average trade volume was 683.56K shares over the past three months.
Thoughtworks Holding Inc. (TWKS) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. TWKS has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.11.
Thoughtworks Holding Inc. (NASDAQ:TWKS) trade information
Thoughtworks Holding Inc. (TWKS) registered a -1.39% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.39% in intraday trading to $14.21 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 4.64%, and it has moved by -9.89% in 30 days. The short interest in Thoughtworks Holding Inc. (NASDAQ:TWKS) is 2.41 million shares and it means that shorts have 4.97 day(s) to cover.
The consensus price target of analysts on Wall Street is $22.18, which implies an increase of 35.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17.00 and $25.00 respectively. As a result, TWKS is trading at a discount of -75.93% off the target high and -19.63% off the low.
Thoughtworks Holding Inc. (TWKS) estimates and forecasts
Statistics show that Thoughtworks Holding Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Thoughtworks Holding Inc. (TWKS) shares have gone down -42.02% during the last six months, with a year-to-date growth rate less than the industry average at 13.04% against 14.50. In the rating firms’ projections, revenue will increase 27.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $327.85 million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $356.24 million by the end of Sep 2022.
While earnings are projected to return -236.60% in 2022, the next five years will return 23.90% per annum.
Thoughtworks Holding Inc. is due to release its next quarterly earnings on November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Thoughtworks Holding Inc. (NASDAQ:TWKS)’s Major holders
Thoughtworks Holding Inc. insiders own 72.48% of total outstanding shares while institutional holders control 26.64%, with the float percentage being 96.80%. Massachusetts Financial Services Co. is the largest shareholder of the company, while 139 institutions own stock in it. As of Mar 30, 2022, the company held over 9.28 million shares (or 2.99% of all shares), a total value of $193.04 million in shares.
The next largest institutional holding, with 8.32 million shares, is of Massachusetts Financial Services Co.’s that is approximately 2.68% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $223.17 million.
Also, the Mutual Funds coming in first place with the largest holdings of Thoughtworks Holding Inc. (TWKS) shares are MFS Mid Cap Growth Fund and Growth Fund Of America Inc. Data provided on Feb 27, 2022 indicates that MFS Mid Cap Growth Fund owns about 3.37 million shares. This amounts to just over 1.09 percent of the company’s overall shares, with a $77.02 million market value. The same data shows that the other fund manager holds slightly less at 2.55 million, or about 0.82% of the stock, which is worth about $58.27 million.