While ThredUp Inc has overperformed by 4.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TDUP rose by 7.11%, with highs and lows ranging from $2.42 to $0.50, whereas the simple moving average jumped by 61.89% in the last 200 days.
On January 15, 2025, Telsey Advisory Group Reiterated ThredUp Inc (NASDAQ: TDUP) to Outperform. Telsey Advisory Group also reiterated TDUP shares as ‘Outperform’, quoting a target price of $3 on the company’s shares in a report dated May 07, 2024. Piper Sandler July 22, 2022d the rating to Neutral on July 22, 2022, and set its price target from $12 to $3.50. KeyBanc Capital Markets initiated its ‘Sector Weight’ rating for TDUP, as published in its report on July 21, 2022. Raymond James’s report from June 30, 2022 suggests a price prediction of $7 for TDUP shares, giving the stock a ‘Outperform’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of ThredUp Inc (TDUP)
Further, the quarter-over-quarter decrease in sales is -11.00%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of ThredUp Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TDUP is recording an average volume of 1.17M. On a monthly basis, the volatility of the stock is set at 10.90%, whereas on a weekly basis, it is put at 18.05%, with a gain of 76.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.00, showing growth from the present price of $2.26, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 28.88%. 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 48.17% 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 48.17% at present.
