In the last trading session, 1.51 million shares of the 2U Inc. (NASDAQ:TWOU) were traded, and its beta was 1.21. Most recently the company’s share price was $4.22, and it changed around $0.13 or 3.18% from the last close, which brings the market valuation of the company to $353.55M. TWOU currently trades at a discount to its 52-week high of $13.15, offering almost -211.61% off that amount. The share price’s 52-week low was $3.37, which indicates that the current value has risen by an impressive 20.14% since then. We note from 2U Inc.’s average daily trading volume that its 10-day average is 1.25 million shares, with the 3-month average coming to 1.18 million.
2U Inc. (NASDAQ:TWOU) trade information
Instantly TWOU has showed a green trend with a performance of 3.18% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.45 on Tuesday, 05/23/23 increased the stock’s daily price by 5.17%. The company’s shares are currently down -32.70% year-to-date, but still up 18.54% over the last five days. On the other hand, 2U Inc. (NASDAQ:TWOU) is -18.85% up in the 30-day period. We can see from the shorts that 8.94 million shares have been sold at a short interest cover period of 8.6 day(s).
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2U Inc. (TWOU) estimates and forecasts
2U Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -44.40 percent over the past six months and at a 292.86% annual growth rate that is well above the industry average of 16.20%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 30.00% in revenue this quarter, and will report an increase of 220.00% in the next quarter. The year-over-year growth rate is expected to be 2.70%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $234.52 million in revenue for the current quarter. 11 analysts expect 2U Inc. to make $251.14 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $241.46 million and $232.24 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.90%. Forecasts for the next quarter put sales growth at 8.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -47.40%. 2U Inc. earnings are expected to increase by -59.50% in 2023, but the outlook is positive 20.00% per year for the next five years.
2U Inc.’s next quarterly earnings report is expected to be released around July 26 and July 31.
2U Inc. (NASDAQ:TWOU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.79% of 2U Inc. shares, and 94.54% of them are in the hands of institutional investors. The stock currently has a share float of 97.26%. 2U Inc. stock is held by 282 institutions, with ARK Investment Management, LLC being the largest institutional investor. By Mar 30, 2023, it held 11.60% of the shares, which is about 9.33 million shares worth $63.88 million.
Vanguard Group, Inc. (The), with 9.13% or 7.34 million shares worth $50.28 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 30, 2023. The former held 6.45 million shares worth $44.16 million, making up 8.02% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.36 million shares worth around $14.83 million, which represents about 2.94% of the total shares outstanding.