ThredUp Inc (NASDAQ: TDUP)’s stock price has plunge by 4.84relation to previous closing price of 1.86. Nevertheless, the company has seen a 21.88% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-06 that ThredUp Inc. (NASDAQ:TDUP ) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Lauren Frasch – Senior Director of Investor Relations & Strategic Finance James Reinhart – Co-Founder & CEO Sean Sobers – CFO Conference Call Participants Ike Boruchow – Wells Fargo Dylan Carden – William Blair Rick Patel – Raymond James Anna Andreeva – Needham Operator Good day everyone and welcome to today’s ThredUp Q1 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in ThredUp Inc (NASDAQ: TDUP) Right Now?
Moreover, the 36-month beta value for TDUP is 0.75. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TDUP is 74.97M and currently, short sellers hold a 8.67% of that float. On May 08, 2024, TDUP’s average trading volume was 567.37K shares.
TDUP’s Market Performance
The stock of ThredUp Inc (TDUP) has seen a 21.88% increase in the past week, with a 9.55% rise in the past month, and a -1.52% fall in the past quarter. The volatility ratio for the week is 8.12%, and the volatility levels for the past 30 days are at 5.75% for TDUP. The simple moving average for the last 20 days is 18.16% for TDUP stock, with a simple moving average of -23.84% for the last 200 days.
Analysts’ Opinion of TDUP
Piper Sandler, on the other hand, stated in their research note that they expect to see TDUP reach a price target of $3.50, previously predicting the price at $12. The rating they have provided for TDUP stocks is “Neutral” according to the report published on July 22nd, 2022.
TDUP Trading at 7.05% 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 -55.58% of loss for the given period.
Volatility was left at 5.75%, however, over the last 30 days, the volatility rate increased by 8.12%, as shares surge +8.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.52% lower at present.
During the last 5 trading sessions, TDUP rose by +21.88%, which changed the moving average for the period of 200-days by -38.29% in comparison to the 20-day moving average, which settled at $1.6582. In addition, ThredUp Inc saw -13.33% 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 Nakache Patricia, who sale 314,034 shares at the price of $1.92 back on May 07 ’24. After this action, Nakache Patricia now owns 0 shares of ThredUp Inc, valued at $602,945 using the latest closing price.
Nakache Patricia, the Director of ThredUp Inc, sale 109,934 shares at $1.91 during a trade that took place back on May 06 ’24, which means that Nakache Patricia is holding 0 shares at $209,974 based on the most recent closing price.
Stock Fundamentals for TDUP
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.65 for the gross margin
The net margin for ThredUp Inc stands at -0.21. The total capital return value is set at -0.26. Equity return is now at value -60.56, with -25.23 for asset returns.
Based on ThredUp Inc (TDUP), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is -29.61.
Currently, EBITDA for the company is -45.55 million with net debt to EBITDA at -0.96. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 47.0for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
To wrap up, the performance of ThredUp Inc (TDUP) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
