In today’s recent session, 0.85 million shares of the ThredUp Inc (NASDAQ:TDUP) have been traded, and its beta is 0.86. Most recently the company’s share price was $0.99, and it changed around $0.07 or 7.63% from the last close, which brings the market valuation of the company to $112.00M. TDUP at last check was trading at a discount to its 52-week high of $2.60, offering almost -162.63% off that amount. The share price’s 52-week low was $0.50, which indicates that the recent value has risen by an impressive 49.49% since then. We note from ThredUp Inc’s average daily trading volume that its 10-day average is 2.23 million shares, with the 3-month average coming to 771.88K.
ThredUp Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended TDUP as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. ThredUp Inc is expected to report earnings per share of -0.12 for the current quarter.
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ThredUp Inc (NASDAQ:TDUP) trade information
Instantly TDUP has been showing a green trend so far today with a performance of 7.63% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.0000 on recent trading dayincreased the stock’s daily price by 1.0%. The company’s shares are currently down -55.99% year-to-date, but still up 5.68% over the last five days. On the other hand, ThredUp Inc (NASDAQ:TDUP) is 26.98% up in the 30-day period. We can see from the shorts that 4.07 million shares have been sold at a short interest cover period of 12.6 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 75.25% from its current value. Analyst projections state that TDUP is forecast to be at a low of $2 and a high of $5.
ThredUp Inc (TDUP) estimates and forecasts
ThredUp Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -52.16 percent over the past six months and at a 8.82% annual growth rate that is well above the industry average of -3.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.98% in revenue this quarter, and will report an increase of 36.67% in the next quarter. The year-over-year growth rate is expected to be -6.54%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 68.58M in revenue for the current quarter. 3 analysts expect ThredUp Inc to make 70.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 81.39M and 79.59M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -15.75%. Forecasts for the next quarter put sales growth at -11.67%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -13.35%.
TDUP Dividends
ThredUp Inc’s next quarterly earnings report is expected to be released on 2025-Mar-03.
ThredUp Inc (NASDAQ:TDUP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.58% of ThredUp Inc shares, and 69.61% of them are in the hands of institutional investors. The stock currently has a share float of 72.95%. ThredUp Inc stock is held by 128.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 7.9673% of the shares, which is about 8.71 million shares worth $14.8 million.
GOLDMAN SACHS GROUP INC, with 5.4609% or 5.97 million shares worth $10.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
