2U Inc (NASDAQ:TWOU) has a beta value of 0.84 and has seen 3.58 million shares traded in the last trading session. The company, currently valued at $30.61M, closed the last trade at $0.37 per share which meant it gained $0.02 on the day or 3.65% during that session. The TWOU stock price is -2272.97% off its 52-week high price of $8.78 and 13.51% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.0 million shares traded. The 3-month trading volume is 2.68 million shares.
2U Inc (NASDAQ:TWOU) trade information
Sporting 3.65% in the green in last session, the stock has traded in the red over the last five days, when the TWOU stock price touched $0.37 or saw a rise of 15.29%. Year-to-date, 2U Inc shares have moved -70.24%, while the 5-day performance has seen it change -13.80%. Over the past 30 days, the shares of 2U Inc (NASDAQ:TWOU) have changed 9.12%. Short interest in the company has seen 9.15 million shares shorted with days to cover at 2.01.
2U Inc (TWOU) estimates and forecasts
Figures show that 2U Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -87.92% over the past 6 months, with this year growth rate of -184.21%, compared to 20.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -230.00% and 55.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be -14.70%.
4 analysts offering their estimates for the company have set an average revenue estimate of $196.14 million for the current quarter. 4 have an estimated revenue figure of $197.08 million for the next quarter concluding in Jun 2024. Year-ago sales stood $238.5 million and $222.09 million respectively for this quarter and the next, and analysts expect sales will shrink by -17.80% for the current quarter and -11.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -41.73% over the past 5 years. Earnings growth for 2024 is a modest -210.86% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
TWOU Dividends
2U Inc is expected to release its next earnings report between April 24 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
2U Inc (NASDAQ:TWOU)’s Major holders
Insiders own 4.29% of the company shares, while shares held by institutions stand at 79.18% with a share float percentage of 82.73%. Investors are also buoyed by the number of investors in a company, with 2U Inc having a total of 195 institutions that hold shares in the company. The top two institutional holders are ARK Investment Management, LLC with over 9.77 million shares worth more than $24.12 million. As of Sep 29, 2023, ARK Investment Management, LLC held 11.99% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 6.81 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $27.44 million and represent 8.36% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 7.98% shares in the company for having 6.5 million shares of worth $16.05 million while later fund manager owns 2.36 million shares of worth $9.53 million as of Jun 29, 2023, which makes it owner of about 2.90% of company’s outstanding stock.
