As of Friday close, ThredUp Inc.’s (NASDAQ:TDUP) stock was up $0.11, moving up 2.99 percent to $3.79. The average number of shares traded per day over the past five days has been 671,300 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 828,420, while in the previous 50 days, it was 773,510.
Since last month, TDUP stock rose 17.70%. Shares of the company fell to $2.50 on 07/19/23, the lowest level in the past month. A 52-week high of $4.39 was reached on 08/10/23 after having rallying from a 52-week low of $0.73. Since the beginning of this year, TDUP’s stock price has risen by 189.31% or $2.48, and marked a new high 22 times. However, the stock has declined by -13.67% since its 52-week high.
TDUP stock investors should be aware that ThredUp Inc. (TDUP) stock had its last reported insider trading activity 10 days ago on Aug 09. Nakache Patricia, the Director of the company, disposed of 199,996 shares for $3.88 on Aug 09. It resulted in a $775,984 divestment by the insider. Trinity TVL X, LLC sold 199,996 shares at an average price of $3.88 on Aug 09. The insider now owns 0 shares following the transaction. On Aug 09, Chief Executive Officer Reinhart James G. sold 42,694 shares at $4.00 apiece. The transaction was valued at $170,797.
Valuation Metrics
The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 3.27.
Financial Health
In the three months ended June 29, ThredUp Inc.’s quick ratio stood at 1.10, while its current ratio was 1.30, 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 0.20, and the total debt-to-equity ratio was 0.23. On the profitability front, the trailing twelve-month gross margin is 65.90% percent. In the year ended June 29, EBITDA margin amounted to -22.72%, whereas operating margins totaled -26.70%. Based on annual data, TDUP earned $192.34 million in gross profit and brought in $288.38 million 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 -52.80%. Return on equity (ROE) for the past 12 months was -60.40%.
In ThredUp Inc.’s quarter-end financial report for June 29, it reported total debt of $23.93 million against cash and short-term investments of $25.86 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TDUP’s revenue rose 6.5% to $75.92 million during the quarter, while net income inched up to $81.73 million. While analysts expected ThredUp Inc. to report -$0.23 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by 21.70%. During the quarter, the company generated -$11.91 million in EBITDA. The liabilities of ThredUp Inc. were 155.73 million at the end of its most recent quarter ended June 29, and its total debt was $80.95 million. The value of shareholders’ equity is $105.47 million.
Technical Picture
This quick technical analysis looks at ThredUp Inc.’s (TDUP) price momentum. With a historical volatility rate of 151.61%, the RSI 9-day stood at 53.60% on 18 August.
With respect to its five-day moving average, the current ThredUp Inc. price is down by -9.76% percent or -$0.41. At present, TDUP shares trade +19.94% above its 20-day simple moving average and +71.49% percent above its 100-day simple moving average. However, the stock is currently trading approximately +73.06% above its SMA50 and +208.13% above its SMA200.
Stochastic coefficient K was 53.41% and Stochastic coefficient D was 63.48%, while ATR was 0.37. Given the Stochastic reading of 51.81% for the 14-day period, the RSI (14) reading has been calculated as 56.27%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at 0.07.
Analyst Ratings
ThredUp Inc. downgraded its rating on ThredUp Inc. (NASDAQ: TDUP) to a Neutral in a note to investors on July 22, 2022. The analysts firm previously had an Overweight rating on the stock.ThredUp Inc. (TDUP) has been rated Overweight by analysts. According to 0 brokerage firms, TDUP is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ThredUp Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $3.00 – $5.00. Based on these forecasts, analysts predict ThredUp Inc. (TDUP) will achieve an average price target of $4.22.
