At the last check on Thursday, Thoughtworks Holding Inc.’s (NASDAQ:TWKS) stock was down -$0.08, moving down -1.51 percent to $4.89. The average number of shares traded per day over the past five days has been 941,674 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 969,979, while in the previous 50 days, it was 973,521.
Since last month, TWKS stock retreated -31.25%. Shares of the company fell to $4.52 on 08/10/23, the lowest level in the past month. A 52-week high of $14.41 was reached on 01/18/23 after having rallying from a 52-week low of $4.52. Since the beginning of this year, TWKS’s stock price has dropped by -51.96% or -$5.31, and marked a new high 7 times. However, the stock has declined by -66.03% since its 52-week high.
TWKS stock investors should be aware that Thoughtworks Holding Inc. (TWKS) stock had its last reported insider trading activity 163 days ago on Mar 07. Cummins Erin, the Chief Financial Officer of the company, purchased of 14,500 shares for $7.63 on Mar 07. It resulted in a $110,635 investment by the insider. Xiao Guo added 35,000 shares at an average price of $7.64 on Mar 02. The insider now owns 1,389,647 shares following the transaction. On Nov 23, Director Davis Ian bought 25,000 shares at $8.00 apiece. The transaction was valued at $200,000.
Valuation Metrics
The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.29, the price-to-book (PB) ratio of 1.96, and the price-to-cash flow ratio of 23.38 may also be considered.
Financial Health
In the three months ended June 29, Thoughtworks Holding Inc.’s quick ratio stood at 3.00, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.36, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 31.10% percent. In the year ended June 29, EBITDA margin amounted to 0.76%, whereas operating margins totaled 2.00%. Based on annual data, TWKS earned $345.93 million in gross profit and brought in $1.3 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.60%. Return on equity (ROE) for the past 12 months was -4.60%.
In Thoughtworks Holding Inc.’s quarter-end financial report for June 29, it reported total debt of $289.38 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TWKS’s revenue rose 100.0% to $307.06 million during the quarter, while net income inched up to $287.22 million. While analysts expected Thoughtworks Holding Inc. to report $0.03 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $7.51 million in EBITDA. The liabilities of Thoughtworks Holding Inc. were 533.5 million at the end of its most recent quarter ended June 29, and its total debt was $342.54 million. The value of shareholders’ equity is $317.73 million.
Technical Picture
This quick technical analysis looks at Thoughtworks Holding Inc.’s (TWKS) price momentum. With a historical volatility rate of 159.24%, the RSI 9-day stood at 27.71% on 16 August.
With respect to its five-day moving average, the current Thoughtworks Holding Inc. price is down by -1.41% percent or -$0.07. At present, TWKS shares trade -28.34% below its 20-day simple moving average and -31.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.36% below its SMA50 and -49.11% below its SMA200.
Stochastic coefficient K was 13.24% and Stochastic coefficient D was 13.51%, while ATR was 0.43. Given the Stochastic reading of 12.77% for the 14-day period, the RSI (14) reading has been calculated as 28.83%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.95.
Analyst Ratings
Thoughtworks Holding Inc. downgraded its rating on Thoughtworks Holding Inc. (NASDAQ: TWKS) to a Market perform in a note to investors on August 10, 2023. The analysts firm previously had an Outperform rating on the stock.Thoughtworks Holding Inc. (TWKS) has been rated Overweight by analysts. According to 0 brokerage firms, TWKS is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Thoughtworks Holding Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $5.00 – $7.00. Based on these forecasts, analysts predict Thoughtworks Holding Inc. (TWKS) will achieve an average price target of $5.89.
