Investors may find better financial performance in Thoughtworks Holding Inc. (TWKS)

Currently, Thoughtworks Holding Inc. [TWKS] is trading at $9.28, down -2.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TWKS shares have gain 18.22% over the last week, with a monthly amount glided 12.08%, and seem to be holding up well over a long-time horizon.

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On 17, November 2022, Thoughtworks Awarded Preferred Vendor Status with All Levels of United States Government. In a post published today on Yahoo Finance, Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced that its wholly owned subsidiary, Thoughtworks Federal, has been awarded a Multiple Award Schedule (MAS) contract (#47QTCA23D000W) by the U.S. General Services Administration (GSA), the centralized procurement arm of the federal government. Thoughtworks Federal will provide the capabilities critical to delivering modern government services that directly meet the needs of the people of the United States.

From an analyst’s perspective:

Thoughtworks Holding Inc. [NASDAQ: TWKS] stock has seen the most recent analyst activity on November 14, 2022, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $9.50 from $14. Previously, Goldman upgraded its rating to Buy on January 10, 2022, and dropped its price target to $32. On October 11, 2021, Wolfe Research initiated with a Outperform rating and assigned a price target of $32 on the stock. William Blair started tracking the stock assigning a Outperform rating. Wedbush initiated its recommendation with a Outperform and recommended $35 as its price target on October 11, 2021. Robert W. Baird started tracking with a Neutral rating for this stock on October 11, 2021, and assigned it a price target of $31. In a note dated October 11, 2021, RBC Capital Mkts initiated an Outperform rating and iterated a target price of $35 on this stock.

This stock has fluctuated between a low of $7.61 and a high of $30.32 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $11.95 within the next 12 months. Thoughtworks Holding Inc. [NASDAQ: TWKS] shares were valued at $9.28 at the most recent close of the market. An investor can expect a potential return of 28.77% based on the average TWKS price forecast.

Analyzing the TWKS fundamentals

Recent quarter sales for Thoughtworks Holding Inc. [NASDAQ:TWKS] were 332.45 billion which represents 16.60% growth.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.12 points at the first support level, and at 8.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.53, and for the 2nd resistance point, it is at 9.79.

Thoughtworks Holding Inc. [TWKS] reported earnings per share of $0.11 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.13 per share as compared to estimates of $0.12 per share, a difference of $0.01 representing a surprise of 8.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Thoughtworks Holding Inc. [NASDAQ:TWKS] is 2.60.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 12 insider buyings of 834,864 shares and 18 insider sellings of 175,998 shares. Recent insider trading involved Davis Ian, Director, that happened on Nov 23 when 25000.0 shares were purchased. CEO Thoughtworks North America, Murphy Christopher Gerard completed a deal on Nov 22 to sell 4124.0 shares. Meanwhile, Chief Commercial Officer Mandapaty Sai Krishna sold 5139.0 shares on Nov 22.