In the last trading session, 2.26 million 2U Inc (NASDAQ:TWOU) shares changed hands as the company’s beta touched 0.83. With the company’s per share price at $0.36 changed hands at -$0.03 or -7.28% during last session, the market valuation stood at $30.14M. TWOU’s last price was a discount, traded about -1925.0% off its 52-week high of $7.29. The share price had its 52-week low at $0.31, which suggests the last value was 13.89% up since then. When we look at 2U Inc’s average trading volume, we note the 10-day average is 2.22 million shares, with the 3-month average coming to 2.77 million.
2U Inc (NASDAQ:TWOU) trade information
Instantly TWOU was in red as seen at the end of in last trading. With action -1.53%, the performance over the past five days has been red. The drop to weekly highs of 0.4338 subtracted -7.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -70.70%, with the 5-day performance at -1.53% in the red. However, in the 30-day time frame, 2U Inc (NASDAQ:TWOU) is -9.47% down. Looking at the short shares, we see there were 9.15 million shares sold at short interest cover period of 2.01 days.
2U Inc (TWOU) estimates and forecasts
Data shows that the 2U Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -84.86% over the past 6 months, a -184.21% in annual growth rate that is considerably lower than the industry average of 19.20%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for 2U Inc will fall -230.00%, while the growth in revenue is estimated to hit 55.60% for the next quarter. Year-over-year growth is forecast to reach -14.70% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $196.14 million. 4 analysts are of the opinion that 2U Inc’s revenue for the quarter ending Jun 2024 will be $197.08 million. The company’s revenue for the corresponding quarters a year ago was $238.5 million and $222.09 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.80%. The estimates for the next quarter sales put growth at -11.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -41.73%. The 2024 estimates are for 2U Inc earnings to decrease by -210.86%, but the outlook for the next 5-year period is at 15.00% per year.
TWOU Dividends
2U Inc is expected to release its next quarterly earnings report between April 24 and April 29.
2U Inc (NASDAQ:TWOU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.29% of 2U Inc shares while 79.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.80%. There are 79.25% institutions holding the 2U Inc stock share, with ARK Investment Management, LLC the top institutional holder. As of Dec 30, 2023, the company held 11.45% of the shares, roughly 9.58 million TWOU shares worth $3.45 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.09% or 6.76 million shares worth $2.44 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Jan 30, 2024 were ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. With 6.25 million shares estimated at $2.25 million under it, the former controlled 7.47% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.92% of the shares, roughly 2.45 million shares worth around $0.88 million.
