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ThredUp Inc. (TDUP): Skating on Thin Ice? We Know the Answer

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ThredUp Inc. (NASDAQ:TDUP) went down by -5.32% from its latest closing price compared to the recent 1-year high of $31.86. The company’s stock price has collected -5.80% of loss in the last five trading sessions. Press Release reported on 01/04/22 that thredUP to Participate in Upcoming Investor Conference

Is It Worth Investing in ThredUp Inc. (NASDAQ :TDUP) Right Now?

TDUP currently public float of 52.01M and currently shorts hold a 19.10% ratio of that float. Today, the average trading volume of TDUP was 1.10M shares.


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TDUP’s Market Performance

TDUP stocks went down by -5.80% for the week, with a monthly drop of -21.17% and a quarterly performance of -45.58%. The volatility ratio for the week stands at 8.67% while the volatility levels for the past 30 days are set at 7.65% for ThredUp Inc.. The simple moving average for the period of the last 20 days is -12.43% for TDUP stocks with a simple moving average of -45.24% for the last 200 days.

Analysts’ Opinion of TDUP

Many brokerage firms have already submitted their reports for TDUP stocks, with Guggenheim repeating the rating for TDUP by listing it as a “Buy.” The predicted price for TDUP in the upcoming period, according to Guggenheim is $25 based on the research report published on November 23rd of the previous year 2021.

Piper Sandler, on the other hand, stated in their research note that they expect to see TDUP reach a price target of $34, previously predicting the price at $33. The rating they have provided for TDUP stocks is “Overweight” according to the report published on November 09th, 2021.

Morgan Stanley gave a rating of “Equal-Weight” to TDUP, setting the target price at $21 in the report published on November 09th of the previous year.

TDUP Trading at -30.64% from the 50-Day Moving Average

After a stumble in the market that brought TDUP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.81% of loss for the given period.

Volatility was left at 7.65%, however, over the last 30 days, the volatility rate increased by 8.67%, as shares sank -17.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.65% lower at present.

During the last 5 trading sessions, TDUP fell by -5.80%, which changed the moving average for the period of 200-days by -49.16% in comparison to the 20-day moving average, which settled at $12.68. In addition, ThredUp Inc. saw -12.15% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TDUP starting from GS INVESTMENT STRATEGIES, LLC, who sale 33,021 shares at the price of $18.66 back on Nov 30. After this action, GS INVESTMENT STRATEGIES, LLC now owns 3,724,595 shares of ThredUp Inc., valued at $616,172 using the latest closing price.

Reinhart James G., the Chief Executive Officer of ThredUp Inc., sale 10,600 shares at $18.03 during a trade that took place back on Nov 29, which means that Reinhart James G. is holding 0 shares at $191,067 based on the most recent closing price.

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