While ThredUp Inc has overperformed by 15.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TDUP fell by -24.02%, with highs and lows ranging from $2.60 to $0.50, whereas the simple moving average jumped by 5.86% in the last 200 days.
On October 23, 2024, Needham started tracking ThredUp Inc (NASDAQ: TDUP) recommending Hold. A report published by Telsey Advisory Group on May 07, 2024, Reiterated its previous ‘Outperform’ rating for TDUP. Piper Sandler also Downgraded TDUP shares as ‘Neutral’, setting a target price of $3.50 on the company’s shares in a report dated July 22, 2022. Raymond James initiated its ‘Outperform’ rating for TDUP, as published in its report on June 30, 2022. Goldman’s report from April 25, 2022 suggests a price prediction of $10 for TDUP shares, giving the stock a ‘Neutral’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of ThredUp Inc (TDUP)
Further, the quarter-over-quarter decrease in sales is -11.00%, showing a negative trend in the upcoming months.
ThredUp Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -78.17% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and TDUP has an average volume of 789.10K. On a monthly basis, the volatility of the stock is set at 16.63%, whereas on a weekly basis, it is put at 14.53%, with a gain of 68.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.50, showing growth from the present price of $1.55, which can serve as yet another indication of whether TDUP is worth investing in or should be passed over.
How Do You Analyze ThredUp Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 29.58%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TDUP shares are owned by institutional investors to the tune of 48.13% at present.
