ThredUp Inc.’s stock (TDUP) continues to rise above its goal

At the time of writing, ThredUp Inc. [TDUP] stock is trading at $2.29, up 24.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TDUP shares have gain 38.79% over the last week, with a monthly amount glided 94.07%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ThredUp Inc. [NASDAQ: TDUP] stock has seen the most recent analyst activity on July 22, 2022, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $3.50 from $12. On June 30, 2022, Raymond James initiated with a Outperform rating and assigned a price target of $7 on the stock. Jefferies initiated its recommendation with a Buy and recommended $13 as its price target on March 18, 2022. Telsey Advisory Group reiterated a Outperform rating for this stock on March 01, 2022, and downed its price target to $19. In a note dated November 23, 2021, Guggenheim initiated an Buy rating and iterated a target price of $25 on this stock.

For the past year, the stock price of ThredUp Inc. fluctuated between $0.73 and $9.72. Currently, Wall Street analysts expect the stock to reach $3.40 within the next 12 months. ThredUp Inc. [NASDAQ: TDUP] shares were valued at $2.29 at the most recent close of the market. An investor can expect a potential return of 48.47% based on the average TDUP price forecast.

Analyzing the TDUP fundamentals

According to ThredUp Inc. [NASDAQ:TDUP], the company’s sales were 67.94 billion in the recent quarter, which represents an 7.30% jump. Gross Margin for this corporation currently stands at +67.11% with Operating Margin at -24.34%, Pretax Margin comes in at -25.06%, and Net Margin reading is -25.09%.

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 1.9700 points at the first support level, and at 1.6600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.5000, and for the 2nd resistance point, it is at 2.7100.

ThredUp Inc. [TDUP] reported earnings per share of -$0.29 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 -$0.22/share, meaning a difference of -$0.07 and a surprise factor of -31.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.21 per share as compared to estimates of -$0.2 per share, a difference of -$0.01 representing a surprise of -5.00%.

Ratios To Look Out For

It is important to note that ThredUp Inc. [NASDAQ:TDUP] has a current ratio of 1.70. Also, the Quick Ratio is 2.44, while the Cash Ratio stands at 2.31. Considering the valuation of this stock, the price to sales ratio is 4.99, the price to book ratio is 6.11.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 13 insider buyings of 188,363 shares and 10 insider sellings of 63,348 shares. Recent insider trading involved Reinhart James G., Chief Executive Officer, that happened on Sep 02 when 27183.0 shares were sold. Chief Legal Officer, Rotem Alon completed a deal on Sep 02 to sell 6647.0 shares. Meanwhile, Chief Financial Officer Sobers Sean sold 10088.0 shares on Sep 02.