Thoughtworks Holding Inc (NASDAQ:TWKS)’s traded shares stood at 3.75 million during the last session, with the company’s beta value hitting 1.15. At the close of trading, the stock’s price was $4.45, to imply an increase of 0.23% or $0.01 in intraday trading. The TWKS share’s 52-week high remains $5.20, putting it -16.85% down since that peak but still an impressive 50.79% since price per share fell to its 52-week low of $2.19. The company has a valuation of $1.44B, with an average of 5.21 million shares in intraday trading volume over the past 10 days and average of 3.83 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Thoughtworks Holding Inc (TWKS), translating to a mean rating of 3.00. Of 7 analyst(s) looking at the stock, 1 analyst(s) give TWKS a Sell rating. 0 of those analysts rate the stock as Overweight while 6 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.03.
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Thoughtworks Holding Inc (NASDAQ:TWKS) trade information
After registering a 0.23% upside in the last session, Thoughtworks Holding Inc (TWKS) has traded red over the past five days. The 5-day price performance for the stock is 0.68%, and 1.14% over 30 days. With these gigs, the year-to-date price performance is -7.48%. Short interest in Thoughtworks Holding Inc (NASDAQ:TWKS) saw shorts transact 3.55 million shares and set a 1.08 days time to cover.
The extremes give us $2.5 and $25 for target low and target high price respectively. As such, TWKS has been trading -461.8% off suggested target high and 43.82% from its likely low.
Thoughtworks Holding Inc (TWKS) estimates and forecasts
Looking at statistics comparing Thoughtworks Holding Inc share performance against respective industry, we note that the company has underperformed competitors. Thoughtworks Holding Inc (TWKS) shares are 86.19% up over the last 6 months, with its year-to-date growth rate lower than industry average at -45.45% against 18.90%. Revenue is forecast to shrink -25.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will shrink -10.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 256.09M. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 254M.Earnings reports from the last fiscal year show that sales brought in 280.16M and 252.39M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.60% before jumping 0.60% in the following quarter.
TWKS Dividends
Thoughtworks Holding Inc has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Thoughtworks Holding Inc (NASDAQ:TWKS)’s Major holders
Thoughtworks Holding Inc insiders hold 8.37% of total outstanding shares, with institutional holders owning 89.84% of the shares at 98.05% float percentage. In total, 89.84% institutions holds shares in the company, led by SIEMENS AG. As of 2024-06-30, the company held over 24.15 million shares (or 7.4858% of shares), all amounting to roughly $68.59 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 11.85 million shares, or about 3.672% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $33.65 million.
We also have MFS New Discovery Fund and MFS Series Trust XIII-MFS New Discovery Value Fund as the top two Mutual Funds with the largest holdings of the Thoughtworks Holding Inc (TWKS) shares. Going by data provided on May 31, 2024 , MFS New Discovery Fund holds roughly 3.53 shares. This is just over 1.09% of the total shares, with a market valuation of $15.69 million. Data from the same date shows that the other fund manager holds a little less at 3.5, or 1.08% of the shares, all valued at about 15.59 million.
