ThredUp Inc [TDUP] stock prices are up 9.77% to $1.01 at the moment. 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 7.78% over the last week, with a monthly amount glided 29.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Telsey Advisory Group reaffirmed its Outperform rating on May 07, 2024, and dropped its price target to $3. On July 22, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $3.50 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. Raymond James initiated its recommendation with a Outperform and recommended $7 as its price target on June 30, 2022. In a note dated March 18, 2022, Jefferies initiated an Buy rating and provided a target price of $13 on this stock.
The stock price of ThredUp Inc [TDUP] has been fluctuating between $0.50 and $2.60 over the past year. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. ThredUp Inc [NASDAQ: TDUP] shares were valued at $1.01 at the most recent close of the market. An investor can expect a potential return of 271.29% based on the average TDUP price forecast.
Analyzing the TDUP fundamentals
The ThredUp Inc [NASDAQ:TDUP] reported sales of 313.76M for trailing twelve months, representing a drop of -11.00%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.79 and Total Capital is -0.49. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 0.9317 points at the first support level, and at 0.8535 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0816, and for the 2nd resistance point, it is at 1.1533.
Ratios To Look Out For
It’s worth pointing out that ThredUp Inc [NASDAQ:TDUP]’s Current Ratio is 0.96. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 1.66.
Transactions by insiders
Recent insider trading involved NOVA DANIEL J, Director, that happened on Nov 14 ’24 when 45191.0 shares were purchased. Director, NOVA DANIEL J completed a deal on Nov 15 ’24 to buy 24133.0 shares. Meanwhile, Director NOVA DANIEL J bought 8921.0 shares on Nov 12 ’24.
