ThredUp Inc. (NASDAQ:TDUP) saw an upside of 16.19% to $3.74 after adding $0.52 on Wednesday. The 5-day average trading volume is 750,560 shares of the company’s common stock. It has gained $3.88 in the past week and touched a new high 2 times within the past 5 days. An average of 816,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 743,330.
TDUP’s 1-month performance is 50.25% or $1.28 on its low of $2.41 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.73 and high of $3.71, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, TDUP has achieved 185.60% or $2.44 and has reached a new high 21 times. However, the current price is up 0.71% from the 52-week high price.
Insider Transactions
TDUP stock investors last saw insider trading activity on Jul 28.Trinity TVL X, LLC (10% Owner) most recently sold 48,387 shares at $3.48 per share on Jul 28. This transaction cost the insider $168,387. Director, Nakache Patricia, sold 48,387 shares at a price of $3.48 on Jul 28. Then, on Jul 27, Director Nakache Patricia sold 1,612 shares at a price of $3.47 per share. This transaction amounted to $5,594.
Valuation Metrics
TDUP stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.42 while the price-to-book (PB) in the most recent quarter is 2.90.
ThredUp Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.19, while the total debt to equity was 0.22. In terms of profitability, the gross margin trailing 12 months is 66.30%. The firm’s gross profit as reported stood at $192.34 million against revenue of $288.38 million.
Earnings Surprise
For the quarterly period ending June 29 this year, ThredUp Inc.’s cash and short-term investments amounted to $42.73 million against total debt of $82.03 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -4.65% to -$19.79 million, while revenue of -$19.5 million was 1.47% off the previous quarter. Analysts expected TDUP to announce -$0.23 per share in earnings in its latest quarter, but it posted -$0.18, representing a 21.70% surprise. EBITDA for the quarter stood at more than -$15.29 million. TDUP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 163.68 million, with total debt at $82.03 million. Shareholders hold equity totaling $103.09 million.
Let’s look briefly at ThredUp Inc. (TDUP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 64.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 120.40%.
The stock’s 5-day moving average is $3.47, reflecting a +3.31% or $0.12 change from its current price. TDUP is currently trading +49.40% above its 20-day SMA, +65.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +70.45% and SMA200 by+188.46%.
Stochastic %K and %D was 71.51% and 73.46% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 64.23%, while the 14-day stochastic is at 85.14% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ThredUp Inc. (NASDAQ: TDUP), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for TDUP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TDUP as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is TDUP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $5.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for ThredUp Inc. (TDUP) stock is $3.81.
