What Technical Indicators Show About Thoughtworks Holding Inc. (TWKS)?

Thoughtworks Holding Inc. (NASDAQ:TWKS) finished Friday with a subtraction of -$0.32 to close at $28.94, a downside of -1.09 percent. An average of 263,060 shares of common stock have been traded in the last five days. There was a gain of $1.22 in the past week. The last 20 days have seen an average of 519,415 shares traded.

TWKS stock has decreased by -1.77% in the last month. The company shares reached their 1-month lowest point of $24.34 on 10/04/21. Shares of the company touched a low of $24.34 and a high of $34.43 in 52 weeks. In spite of this, the price is down -15.95% from the 52-week high.


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Valuation Metrics

Thoughtworks Holding Inc. (TWKS) has a trailing price-to-earnings (P/E) ratio of 705.85, which compares with the 29.20 for the broader industry and 38.99 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.63.

The quick ratio of Thoughtworks Holding Inc. for the recent quarter was 2.90, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Thoughtworks Holding Inc.’s EBITDA margin is 18.34%, while its operating margin for the same period stands at 14.40%. Its gross profit as reported stood at $327.81 million compared to revenue of $803.38 million.

Earnings Surprise

Shareholders own equity worth $305.09 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Thoughtworks Holding Inc. (TWKS) price momentum. RSI 9-day as of the close on 22 October was 61.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.50%.

As of today, TWKS’s price is $28.63 +4.40% or $1.22 from its 5-day moving average. TWKS is currently trading +3.88% higher than its 20-day SMA.

The stochastic %K and %D were 85.67% and 81.19%, respectively, and the average true range (ATR) was 1.70. With the 14-day stochastic at 81.69% and the average true range at 1.86, the RSI (14) stands at 53.97%. The stock has reached 1.25 on the 9-day MACD Oscillator while the 14-day reading was at 1.90.

Analyst Ratings

Wolfe Research launched coverage on Thoughtworks Holding Inc. (NASDAQ: TWKS) in its analyst report released on October 11, 2021. The firm assigned the stock a an Outperform rating. The consensus rating for Thoughtworks Holding Inc. (TWKS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TWKS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is TWKS’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $35.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Thoughtworks Holding Inc. (TWKS) stock is $31.73.

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