Thoughtworks Holding Inc (NASDAQ:TWKS) has a beta value of 1.12 and has seen 1.72 million shares traded in the recent trading session. The company, currently valued at $1.42B, closed the recent trade at $4.41 per share which meant it gained $0.06 on the day or 1.26% during that session. The TWKS stock price is -17.91% off its 52-week high price of $5.20 and 50.34% above the 52-week low of $2.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.37 million shares traded. The 3-month trading volume is 2.12 million shares.
The consensus among analysts is that Thoughtworks Holding Inc (TWKS) is Hold stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 7 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.03.
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Thoughtworks Holding Inc (NASDAQ:TWKS) trade information
Sporting 1.26% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TWKS stock price touched $4.41 or saw a rise of 0.68%. Year-to-date, Thoughtworks Holding Inc shares have moved -8.42%, while the 5-day performance has seen it change 1.61%. Over the past 30 days, the shares of Thoughtworks Holding Inc (NASDAQ:TWKS) have changed 2.20%. Short interest in the company has seen 3.5 million shares shorted with days to cover at 1.08.
Wall Street analysts have a consensus price target for the stock at $13.5, which means that the shares’ value could jump 67.33% from the levels at last check today. The projected low price target is $2.5 while the price target rests at a high of $25.0. In that case, then, we find that the latest price level in today’s session is -466.89% off the targeted high while a plunge would see the stock lose 43.31% from the levels at last check today.
Thoughtworks Holding Inc (TWKS) estimates and forecasts
Figures show that Thoughtworks Holding Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 70.08% over the past 6 months, with this year growth rate of -45.45%, compared to 17.50% for the industry. Revenue growth from the last financial year stood is estimated to be -10.30%.
10 analysts offering their estimates for the company have set an average revenue estimate of 256.19M for the current quarter. 10 have an estimated revenue figure of 253.78M for the next ending quarter. Year-ago sales stood 280.16M and 252.39M respectively for this quarter and the next, and analysts expect sales will shrink by -8.60% for the current quarter and -10.30% for the next.
Earnings growth for 2024 is a modest -67.35% while over the next 5 years, the company’s earnings are expected to increase by 33.20%.
TWKS Dividends
Thoughtworks Holding Inc is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Thoughtworks Holding Inc (NASDAQ:TWKS)’s Major holders
Insiders own 8.47% of the company shares, while shares held by institutions stand at 87.91% with a share float percentage of 96.04%. Investors are also buoyed by the number of investors in a company, with Thoughtworks Holding Inc having a total of 167.0 institutions that hold shares in the company. The top two institutional holders are SIEMENS AG with over 24.15 million shares worth more than $68.59 million. As of 2024-06-30, SIEMENS AG held 7.4858% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 11.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $33.65 million and represent 3.672% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are MFS New Discovery Fund and MFS Series Trust XIII-MFS New Discovery Value Fund. As of May 31, 2024, the former fund manager holds about 1.09% shares in the company for having 3.53 shares of worth $15.53 million while later fund manager owns 3.5 shares of worth $15.43 million as of May 31, 2024, which makes it owner of about 1.08% of company’s outstanding stock.
