ThredUp Inc (NASDAQ:TDUP) has a beta value of 0.75 and has seen 3.8 million shares traded in the last trading session. The company, currently valued at $55.81M, closed the last trade at $0.55 per share which meant it lost -$0.07 on the day or -10.27% during that session. The TDUP stock price is -590.91% off its 52-week high price of $3.80 and -1.82% below the 52-week low of $0.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.77 million shares traded. The 3-month trading volume is 737.36K shares.
The consensus among analysts is that ThredUp Inc (TDUP) is Buy stock at the moment, with a recommendation rating of 1.50. 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. The expected earnings per share for the stock is -0.15.
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ThredUp Inc (NASDAQ:TDUP) trade information
Sporting -10.27% 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 $0.55 or saw a rise of 24.66%. Year-to-date, ThredUp Inc shares have moved -75.41%, while the 5-day performance has seen it change -15.97%. Over the past 30 days, the shares of ThredUp Inc (NASDAQ:TDUP) have changed -29.36%. Short interest in the company has seen 4.23 million shares shorted with days to cover at 13.5.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 86.25% 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 -809.09% off the targeted high while a plunge would see the stock gain -445.45% 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 -69.27% over the past 6 months, with this year growth rate of 19.12%, compared to 0.10% for the industry. Revenue growth from the last financial year stood is estimated to be -6.80%.
4 analysts offering their estimates for the company have set an average revenue estimate of 70.1M for the current quarter. 4 have an estimated revenue figure of 70.65M for the next ending quarter. Year-ago sales stood 83.03M and 81.39M respectively for this quarter and the next, and analysts expect sales will shrink by -15.60% for the current quarter and -6.80% for the next.
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.
TDUP Dividends
ThredUp Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
Insiders own 4.68% of the company shares, while shares held by institutions stand at 81.40% with a share float percentage of 85.40%. Investors are also buoyed by the number of investors in a company, with ThredUp Inc having a total of 140.0 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 $14.8 million. As of 2024-06-30, CAPITAL WORLD INVESTORS held 7.9673% of shares outstanding.
The other major institutional holder is GOLDMAN SACHS GROUP INC, with the holding of over 5.97 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.15 million and represent 5.4609% of shares outstanding.
