ThredUp Inc (NASDAQ:TDUP) traded with an addition of $0.13 to close at $4.05on Friday, an upside of 3.33 percent. An average of 492,940 shares of common stock have been traded in the last five days. There was a gain of $0.72 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 514,155 shares traded, while the 50-day average volume stands at 641,438.
TDUP stock has increased by 2.80% in the last month. The company shares reached their 1-month lowest point of $3.00 on 09/18/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $0.73 and a high of $4.39 in 52 weeks. It has reached a new high 22 times so far this year and achieved 209.19% or $2.72 in price. In spite of this, the price is down -7.74% from the 52-week high.
Insider Transactions
TDUP stock investors should be aware that ThredUp Inc (TDUP) stock had its last reported insider trading activity 24 days ago on Sep 05. In this transaction, the insider spent $211,790. Director, Nakache Patricia, disposed of 199,996 shares at a price of $3.88 on Aug 09. The insider now owns more than $775,984 worth of shares. Prior to that, 10% Owner Trinity TVL X, LLC went on to Sale 199,996 shares at $3.88 each on Aug 09. An amount of $775,984 was transacted.
Valuation Metrics
ThredUp Inc (TDUP) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.43, the price-to-book (PB) ratio at 3.54.
Financial Health
The quick ratio of ThredUp Inc for the three months ended June 29 was 1.09, and the current ratio was 1.35, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.67 for the quarter ending June 29. Its gross profit as reported stood at $192.34 million compared to revenue of $288.38 million.
Earnings Surprise
For the three-month period that ended June 29, ThredUp Inc had $23.93 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$18.76 million in the quarter, while revenues of -$19.79 million were shrunk -51.39%. The analyst consensus anticipated ThredUp Inc’s latest quarter earnings to come in at -$0.23 per share, but it turned out to be -$0.18, a 21.70% surprise. For the quarter, EBITDA amounted to -$11.91 million. Shareholders own equity worth $105.47 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ThredUp Inc (TDUP) price momentum. RSI 9-day as of the close on 28 September was 71.35%, suggesting the stock is Overbought, with historical volatility in this time frame at 40.04%.
As of today, TDUP’s price is $3.72 +21.60% or $0.72 from its 5-day moving average. TDUP is currently trading +1.13% higher than its 20-day SMA and +27.78% higher than its 100-day SMA. However, the stock’s current price level is +25.00% above the SMA50 and +151.56% above the SMA200.
The stochastic %K and %D were 93.29% and 85.84%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 89.91% and the average true range at 0.25, the RSI (14) stands at 63.19%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.43.
Analyst Ratings
Piper Sandler downgraded ThredUp Inc (NASDAQ: TDUP) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for ThredUp Inc (TDUP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TDUP, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.
What is TDUP’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for ThredUp Inc (TDUP) stock is $4.22.
