In the latest trading session, 9.41 million Thoughtworks Holding Inc (NASDAQ:TWKS) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $4.46 changing hands around $0.04 or 0.90% at last look, the market valuation stands at $1.44B. TWKS’s current price is a discount, trading about -16.59% off its 52-week high of $5.20. The share price had its 52-week low at $2.19, which suggests the last value was 50.9% up since then. When we look at Thoughtworks Holding Inc’s average trading volume, we note the 10-day average is 3.04 million shares, with the 3-month average coming to 3.32 million.
Analysts gave the Thoughtworks Holding Inc (TWKS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended TWKS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
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Thoughtworks Holding Inc (NASDAQ:TWKS) trade information
Instantly TWKS is in green as seen in intraday trades today. With action 0.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.28%, with the 5-day performance at 0.90% in the green. However, in the 30-day time frame, Thoughtworks Holding Inc (NASDAQ:TWKS) is 1.36% up. Looking at the short shares, we see there were 3.55 million shares sold at short interest cover period of 1.08 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 66.96% from its recent market value. According to analyst projections, TWKS’s forecast low is 2.5 with 25 as the target high. To hit the forecast high, the stock’s price needs a -460.54% plunge from its current level, while the stock would need to tank 43.95% for it to hit the projected low.
Thoughtworks Holding Inc (TWKS) estimates and forecasts
Data shows that the Thoughtworks Holding Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 83.54% over the past 6 months, a -45.45% in annual growth rate that is considerably lower than the industry average of 19.20%.
The 2024 estimates are for Thoughtworks Holding Inc earnings to decrease by -67.35%, but the outlook for the next 5-year period is at 33.21% per year.
TWKS Dividends
Thoughtworks Holding Inc is expected to release its next quarterly earnings report on 2024-Nov-05.
Thoughtworks Holding Inc (NASDAQ:TWKS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.39% of Thoughtworks Holding Inc shares while 90.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.25%. There are 90.01% institutions holding the Thoughtworks Holding Inc stock share, with SIEMENS AG the top institutional holder. As of 2024-06-30, the company held 7.4858% of the shares, roughly 24.15 million TWKS shares worth $68.59 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.672% or 11.85 million shares worth $33.65 million as of 2024-06-30.
