ThredUp Inc [NASDAQ: TDUP] gained 45.38% or 0.59 points to close at $1.89 with a heavy trading volume of 13474035 shares.
The daily chart for TDUP points out that the company has recorded 2.72% gains over the past six months.
If we look at the average trading volume of 873.27K shares, TDUP reached to a volume of 13474035 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 ThredUp Inc [TDUP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TDUP shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TDUP stock is a recommendation set at 1.50. 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.
Needham have made an estimate for ThredUp Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $4 to $3. The new note on the price target was released on May 07, 2024, representing the official price target for ThredUp Inc stock. Previously, the target price had yet another drop from $12 to $3.50, while Piper Sandler kept a Neutral rating on TDUP stock.
The Average True Range (ATR) for ThredUp Inc is set at 0.18, with the Price to Sales ratio for TDUP stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 3.10, with the Price to Cash per share for the same quarter was set at 0.49.
Trading performance analysis for TDUP stock
ThredUp Inc [TDUP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.70. With this latest performance, TDUP shares gained by 5.00% in over the last four-week period, additionally plugging by 2.72% over the last 6 months – not to mention a drop of -9.13% 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 TDUP stock in for the last two-week period is set at 66.89, with the RSI for the last a single of trading hit 71.61, and the three-weeks RSI is set at 64.51 for ThredUp Inc [TDUP]. The present Moving Average for the last 50 days of trading for this stock 1.3388, while it was recorded at 1.4400 for the last single week of trading, and 1.3923 for the last 200 days.
ThredUp Inc [TDUP]: A deeper dive into fundamental analysis
ThredUp Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 0.96.
An analysis of Institutional ownership at ThredUp Inc [TDUP]
There are presently around $64.08%, or 67.47%% of TDUP stock, in the hands of institutional investors. The top three institutional holders of TDUP stocks are: CAPITAL WORLD INVESTORS with ownership of 8.71 million shares, which is approximately 7.9673%. GOLDMAN SACHS GROUP INC, holding 5.97 million shares of the stock with an approximate value of $$10.15 million in TDUP stocks shares; and GOLDMAN SACHS GROUP INC, currently with $$9.83 million in TDUP stock with ownership which is approximately 5.2932%.
