Thoughtworks Holding Inc [NASDAQ: TWKS] gained 0.45% or 0.02 points to close at $4.43 with a heavy trading volume of 10156248 shares.
The daily chart for TWKS points out that the company has recorded 85.36% gains over the past six months.
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If we look at the average trading volume of 3.00M shares, TWKS reached to a volume of 10156248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Thoughtworks Holding Inc [TWKS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TWKS shares is $4.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TWKS stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Thoughtworks Holding Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 24, 2024. The new note on the price target was released on February 28, 2024, representing the official price target for Thoughtworks Holding Inc stock. Previously, the target price had yet another raise to $6, while Robert W. Baird analysts kept a Outperform rating on TWKS stock.
The Average True Range (ATR) for Thoughtworks Holding Inc is set at 0.03, with the Price to Sales ratio for TWKS stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 0.15.
Trading performance analysis for TWKS stock
Thoughtworks Holding Inc [TWKS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.23. With this latest performance, TWKS shares gained by 1.14% in over the last four-week period, additionally plugging by 85.36% over the last 6 months – not to mention a rise of 3.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TWKS stock in for the last two-week period is set at 68.41, with the RSI for the last a single of trading hit 65.97, and the three-weeks RSI is set at 69.42 for Thoughtworks Holding Inc [TWKS]. The present Moving Average for the last 50 days of trading for this stock 4.35, while it was recorded at 4.42 for the last single week of trading, and 3.52 for the last 200 days.
Thoughtworks Holding Inc [TWKS]: A deeper dive into fundamental analysis
Thoughtworks Holding Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.59 and a Current Ratio set at 2.59.
Thoughtworks Holding Inc [TWKS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Thoughtworks Holding Inc posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TWKS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Thoughtworks Holding Inc go to 33.21%.
An analysis of Institutional ownership at Thoughtworks Holding Inc [TWKS]
There are presently around $89.33%, or 97.51%% of TWKS stock, in the hands of institutional investors. The top three institutional holders of TWKS stocks are: SIEMENS AG with ownership of 24.15 million shares, which is approximately 7.4858%. VANGUARD GROUP INC, holding 11.85 million shares of the stock with an approximate value of $$33.65 million in TWKS stocks shares; and VANGUARD GROUP INC, currently with $$28.45 million in TWKS stock with ownership which is approximately 3.1048%.
