The 36-month beta value for TDUP is at 0.73. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TDUP is 75.55M, and currently, shorts hold a 8.84% of that float. The average trading volume for TDUP on April 19, 2024 was 545.43K shares.
TDUP) stock’s latest price update
ThredUp Inc (NASDAQ: TDUP)’s stock price has increased by 0.65 compared to its previous closing price of 1.53. However, the company has seen a -10.47% decrease in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-08 that OAKLAND, Calif., April 08, 2024 (GLOBE NEWSWIRE) — ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2024 will be released on Monday, May 6, 2024 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.
TDUP’s Market Performance
TDUP’s stock has fallen by -10.47% in the past week, with a monthly drop of -22.22% and a quarterly drop of -28.37%. The volatility ratio for the week is 4.55% while the volatility levels for the last 30 days are 4.64% for ThredUp Inc The simple moving average for the last 20 days is -15.64% for TDUP stock, with a simple moving average of -41.28% for the last 200 days.
Analysts’ Opinion of TDUP
Many brokerage firms have already submitted their reports for TDUP stocks, with Piper Sandler repeating the rating for TDUP by listing it as a “Neutral.” The predicted price for TDUP in the upcoming period, according to Piper Sandler is $3.50 based on the research report published on July 22, 2022 of the previous year 2022.
Raymond James gave a rating of “Outperform” to TDUP, setting the target price at $7 in the report published on June 30th of the previous year.
TDUP Trading at -19.58% 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 -64.92% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares sank -22.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.22% lower at present.
During the last 5 trading sessions, TDUP fell by -10.47%, which changed the moving average for the period of 200-days by -38.40% in comparison to the 20-day moving average, which settled at $1.8030. In addition, ThredUp Inc saw -31.56% 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 Reinhart James G., who sale 20,744 shares at the price of $2.00 back on Apr 01 ’24. After this action, Reinhart James G. now owns 659,398 shares of ThredUp Inc, valued at $41,509 using the latest closing price.
Reinhart James G., the Chief Executive Officer of ThredUp Inc, sale 9,801 shares at $2.01 during a trade that took place back on Mar 20 ’24, which means that Reinhart James G. is holding 680,142 shares at $19,653 based on the most recent closing price.
Stock Fundamentals for TDUP
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.65 for the gross margin
The net margin for ThredUp Inc stands at -0.22. The total capital return value is set at -0.41. Equity return is now at value -58.42, with -25.82 for asset returns.
Based on ThredUp Inc (TDUP), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.71. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is -32.02.
Currently, EBITDA for the company is -45.55 million with net debt to EBITDA at -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 41.22for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In conclusion, ThredUp Inc (TDUP) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
