A share price of Thoughtworks Holding Inc [TWKS] is currently trading at $4.55, up 5.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TWKS shares have gain 7.57% over the last week, with a monthly amount drifted -11.65%, and not seem to be holding up well over a long-time horizon.
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On 6, February 2024, Thoughtworks to Report Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the fourth quarter and full year 2023 on Tuesday, February 27, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community.
From an analyst’s perspective:
Thoughtworks Holding Inc [NASDAQ: TWKS] stock has seen the most recent analyst activity on January 02, 2024, when Robert W. Baird upgraded its rating to a Outperform but kept the price target unchanged to $6 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on October 17, 2023. On August 10, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $6 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $6 on August 09, 2023. Citigroup downgraded its rating to a Neutral. Piper Sandler downgraded its rating to Neutral for this stock on November 14, 2022, and downed its price target to $9.50. In a note dated January 10, 2022, Goldman upgraded an Buy rating on this stock and revised its target price from $34 to $32.
Thoughtworks Holding Inc experienced fluctuations in its stock price throughout the past year between $3.18 and $9.70. Currently, Wall Street analysts expect the stock to reach $17.33 within the next 12 months. Thoughtworks Holding Inc [NASDAQ: TWKS] shares were valued at $4.55 at the most recent close of the market. An investor can expect a potential return of 280.88% based on the average TWKS price forecast.
Analyzing the TWKS fundamentals
Trailing Twelve Months sales for Thoughtworks Holding Inc [NASDAQ:TWKS] were 1.19B which represents -15.73% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 4.37 points at the first support level, and at 4.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.68, and for the 2nd resistance point, it is at 4.80.
Thoughtworks Holding Inc [TWKS] reported earnings per share of $0.04 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.01 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.03 per share as compared to estimates of $0.03 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Thoughtworks Holding Inc [NASDAQ:TWKS] is 2.80. As well, the Quick Ratio is 2.80, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 1.86.
Transactions by insiders
Recent insider trading involved Parke Joanna,, that happened on Dec 27 when 16005.0 shares were sold. Chief Financial Officer, Cummins Erin completed a deal on Mar 07 to buy 14500.0 shares. Meanwhile, Chief Executive Officer Xiao Guo bought 35000.0 shares on Mar 02.
