ThredUp Inc (NASDAQ:TDUP) has a beta value of 1.07 and has seen 1.04 million shares traded in the last trading session. The company, currently valued at $70.49M, closed the last trade at $0.63 per share which meant it lost -$0.07 on the day or -10.79% during that session. The TDUP stock price is -596.83% off its 52-week high price of $4.39 and 3.17% above the 52-week low of $0.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.1 million shares traded. The 3-month trading volume is 708.33K shares.
The consensus among analysts is that ThredUp Inc (TDUP) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
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ThredUp Inc (NASDAQ:TDUP) trade information
Sporting -10.79% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TDUP stock price touched $0.63 or saw a rise of 64.2%. Year-to-date, ThredUp Inc shares have moved -72.21%, while the 5-day performance has seen it change -65.93%. Over the past 30 days, the shares of ThredUp Inc (NASDAQ:TDUP) have changed -64.68%. Short interest in the company has seen 5.58 million shares shorted with days to cover at 12.94.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 84.25% from current levels. The projected low price target is $3.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -693.65% off the targeted high while a plunge would see the stock gain -376.19% from current levels.
ThredUp Inc (TDUP) estimates and forecasts
Figures show that ThredUp Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -68.42% over the past 6 months, with this year growth rate of 20.59%, compared to 6.40% for the industry.
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 -13.35% over the past 5 years.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
Insiders own 3.94% of the company shares, while shares held by institutions stand at 77.63% with a share float percentage of 80.82%. Investors are also buoyed by the number of investors in a company, with ThredUp Inc having a total of 136.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL WORLD INVESTORS with over 8.71 million shares worth more than $17.42 million. As of 2024-03-31, CAPITAL WORLD INVESTORS held 8.3028% of shares outstanding.
The other major institutional holder is GOLDMAN SACHS GROUP INC, with the holding of over 7.29 million shares as of 2024-03-31. The firm’s total holdings are worth over $14.59 million and represent 6.9537% of shares outstanding.
