In the last trading session, 9.73 million shares of the Thoughtworks Holding Inc (NASDAQ:TWKS) were traded, and its beta was 0.84. Most recently the company’s share price was $4.32, and it changed around $0.01 or 0.23% from the last close, which brings the market valuation of the company to $1.39B. TWKS currently trades at a discount to its 52-week high of $7.08, offering almost -63.89% off that amount. The share price’s 52-week low was $2.19, which indicates that the current value has risen by an impressive 49.31% since then. We note from Thoughtworks Holding Inc’s average daily trading volume that its 10-day average is 6.17 million shares, with the 3-month average coming to 1.49 million.
Thoughtworks Holding Inc (NASDAQ:TWKS) trade information
Instantly TWKS has showed a green trend with a performance of 0.23% 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 4.37 on recent trading dayincreased the stock’s daily price by 1.14%. The company’s shares are currently down -10.19% year-to-date, but still up 22.03% over the last five days. On the other hand, Thoughtworks Holding Inc (NASDAQ:TWKS) is 76.33% up in the 30-day period. We can see from the shorts that 3.96 million shares have been sold at a short interest cover period of 4.94 day(s).
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The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 68.0% from its current value. Analyst projections state that TWKS is forecast to be at a low of $2.5 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 -1.59 percent over the past six months and at a -45.45% annual growth rate that is well below the industry average of 14.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -25.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be -10.40%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 255.76M in revenue for the current quarter. 11 analysts expect Thoughtworks Holding Inc to make 254.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 280.16M and 252.39M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.70%. Forecasts for the next quarter put sales growth at 0.90%.
Thoughtworks Holding Inc earnings are expected to increase by -68.67% in 2024, but the outlook is positive 33.20% per year for the next five years.
TWKS Dividends
Thoughtworks Holding Inc’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Thoughtworks Holding Inc (NASDAQ:TWKS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.46% of Thoughtworks Holding Inc shares, and 87.44% of them are in the hands of institutional investors. The stock currently has a share float of 95.52%. Thoughtworks Holding Inc stock is held by 172.0 institutions, with SIEMENS AG being the largest institutional investor. By 2024-03-31, it held 7.6017% of the shares, which is about 24.15 million shares worth $61.1 million.
VANGUARD GROUP INC, with 3.6027% or 11.45 million shares worth $28.96 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
