What is the best trade option for ThredUp Inc (TDUP) stock?

ThredUp Inc [TDUP] stock is trading at $1.55, up 15.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The TDUP shares have gain 68.46% over the last week, with a monthly amount glided 132.66%, 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.

ThredUp Inc [TDUP] stock has fluctuated 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 $1.55 at the most recent close of the market. An investor can expect a potential return of 141.94% based on the average TDUP price forecast.

Analyzing the TDUP fundamentals

ThredUp Inc [NASDAQ:TDUP] reported sales of 313.76M for the trailing twelve months, which represents 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 1.3733 points at the first support level, and at 1.1967 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6533, and for the 2nd resistance point, it is at 1.7567.

Ratios To Look Out For

For context, ThredUp Inc’s Current Ratio is 0.96. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 2.55.

Transactions by insiders

Recent insider trading involved NOVA DANIEL J, Director, that happened on Nov 20 ’24 when 30000.0 shares were purchased. Director, NOVA DANIEL J completed a deal on Nov 18 ’24 to buy 45897.0 shares. Meanwhile, Director NOVA DANIEL J bought 45191.0 shares on Nov 14 ’24.

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