An Analysis Of Thoughtworks Holding Inc (NASDAQ: TWKS), And Its Business Forecast

In the last trading session, 1.51 million shares of the Thoughtworks Holding Inc (NASDAQ:TWKS) were traded, and its beta was 1.00. Most recently the company’s share price was $2.53, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $816.51M. TWKS currently trades at a discount to its 52-week high of $8.41, offering almost -232.41% off that amount. The share price’s 52-week low was $2.26, which indicates that the current value has risen by an impressive 10.67% since then. We note from Thoughtworks Holding Inc’s average daily trading volume that its 10-day average is 0.85 million shares, with the 3-month average coming to 834.70K.

Thoughtworks Holding Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended TWKS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Thoughtworks Holding Inc is expected to report earnings per share of -$0.01 for the current quarter.

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Thoughtworks Holding Inc (NASDAQ:TWKS) trade information

The performance over the last five days has remained in the green territory. The company’s shares are currently down -47.40% year-to-date, but still up 4.98% over the last five days. On the other hand, Thoughtworks Holding Inc (NASDAQ:TWKS) is -20.69% down in the 30-day period. We can see from the shorts that 3.49 million shares have been sold at a short interest cover period of 2.59 day(s).

The consensus price target as assigned by Wall Street analysts is $17.33, which translates to bulls needing to increase their stock price by 85.4% from its current value. Analyst projections state that TWKS is forecast to be at a low of $13 and a high of $25.

Thoughtworks Holding Inc (TWKS) estimates and forecasts

Thoughtworks Holding Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -37.68 percent over the past six months and at a -54.55% annual growth rate that is well below the industry average of 16.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -133.30% in revenue this quarter, and will report a decrease of -33.30% in the next quarter. The year-over-year growth rate is expected to be -9.90%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $243.37 million in revenue for the current quarter. 9 analysts expect Thoughtworks Holding Inc to make $243.3 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $307.06 million and $287.21 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.70%. Forecasts for the next quarter put sales growth at -15.30%.

Thoughtworks Holding Inc earnings are expected to increase by -49.90% in 2024, but the outlook is negative -3.20% per year for the next five years.

TWKS Dividends

Thoughtworks Holding Inc’s next quarterly earnings report is expected to be released around May 07 and May 13.

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

Upon looking at major shareholders, it appears that insiders hold 8.69% of Thoughtworks Holding Inc shares, and 87.08% of them are in the hands of institutional investors. The stock currently has a share float of 95.36%. Thoughtworks Holding Inc stock is held by 170 institutions, with Siemens Ag being the largest institutional investor. By Dec 30, 2023, it held 7.48% of the shares, which is about 24.15 million shares worth $61.1 million.

Vanguard Group Inc, with 3.51% or 11.33 million shares worth $28.67 million as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

MFS Series Trust XIII-MFS New Discovery Value Fund and MFS New Discovery Fund were the top two Mutual Funds as of Nov 29, 2023. The former held 3.7 million shares worth $9.37 million, making up 1.15% of all outstanding shares. On the other hand, MFS New Discovery Fund held roughly 3.53 million shares worth around $8.92 million, which represents about 1.09% of the total shares outstanding.