ThredUp Inc (NASDAQ: TDUP) Loses -85.31% From High. Why That Could Change?

Currently, there are 78.83M common shares owned by the public and among those 76.16M shares have been available to trade.

The company’s stock has a 5-day price change of -69.28% and -65.32% over the past three months. TDUP shares are trading -71.33% year to date (YTD), with the 12-month market performance down to -80.45% lower. It has a 12-month low price of $1.51 and touched a high of $4.39 over the same period. TDUP has an average intraday trading volume of 489.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -66.60%, -65.38%, and -68.53% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of ThredUp Inc (NASDAQ: TDUP) shares accounts for 57.68% of the company’s 78.83M shares outstanding.

It has a market capitalization of $70.30M and a beta (3y monthly) value of 0.85. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 34.25% over the week and 12.16% over the month.

Analysts forecast that ThredUp Inc (TDUP) will achieve an EPS of -0.09 for the current quarter, -0.06 for the next quarter and -0.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.12 while analysts give the company a high EPS estimate of -0.12. Comparatively, EPS for the current quarter was -0.17 a year ago. Earnings per share for the fiscal year are expected to increase by 19.85%, and 31.19% over the next financial year.

Looking at the support for the TDUP, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on May 07, 2024, with the firm’s price target at $4-$3. Piper Sandler coverage for the ThredUp Inc (TDUP) stock in a research note released on July 22, 2022 offered a Neutral rating with a price target of $3.50. KeyBanc Capital Markets was of a view on July 21, 2022 that the stock is Sector Weight, while Raymond James gave the stock Outperform rating on June 30, 2022, issuing a price target of $7. Goldman on their part issued Neutral rating on April 25, 2022.

Most Popular

Related Posts