In today’s recent session, 3.47 million shares of the Thoughtworks Holding Inc (NASDAQ:TWKS) have been traded, and its beta is 1.13. Most recently the company’s share price was $4.39, and it changed around $0.0 or -0.11% from the last close, which brings the market valuation of the company to $1.42B. TWKS at last check was trading at a discount to its 52-week high of $5.20, offering almost -18.45% off that amount. The share price’s 52-week low was $2.19, which indicates that the recent value has risen by an impressive 50.11% since then. We note from Thoughtworks Holding Inc’s average daily trading volume that its 10-day average is 3.32 million shares, with the 3-month average coming to 2.57 million.
Thoughtworks Holding Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 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 0.03 for the current quarter.
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Thoughtworks Holding Inc (NASDAQ:TWKS) trade information
Instantly TWKS has been showing red trend so far today with a performance of -0.11% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.40 on recent trading dayincreased the stock’s daily price by 0.23%. The company’s shares are currently down -8.84% year-to-date, but still up 0.11% over the last five days. On the other hand, Thoughtworks Holding Inc (NASDAQ:TWKS) is 1.04% up in the 30-day period. We can see from the shorts that 3.98 million shares have been sold at a short interest cover period of 0.88 day(s).
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 67.48% 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 risen 84.24 percent over the past six months and at a -45.45% annual growth rate that is well below the industry average of 18.20%. 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 -10.30%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 256.19M in revenue for the current quarter. 10 analysts expect Thoughtworks Holding Inc to make 253.78M 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 -8.60%. Forecasts for the next quarter put sales growth at 0.60%.
Thoughtworks Holding Inc earnings are expected to increase by -67.35% 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 88.21% of them are in the hands of institutional investors. The stock currently has a share float of 96.37%. Thoughtworks Holding Inc stock is held by 168.0 institutions, with SIEMENS AG being the largest institutional investor. By 2024-06-30, it held 7.4858% of the shares, which is about 24.15 million shares worth $68.59 million.
VANGUARD GROUP INC, with 3.672% or 11.85 million shares worth $33.65 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
MFS New Discovery Fund and MFS Series Trust XIII-MFS New Discovery Value Fund were the top two Mutual Funds as of May 31, 2024. The former held 3.53 shares worth $15.46 million, making up 1.09% of all outstanding shares. On the other hand, MFS Series Trust XIII-MFS New Discovery Value Fund held roughly 3.5 shares worth around $15.36 million, which represents about 1.08% of the total shares outstanding.
