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After finishing at $1.55 in the prior trading day, ThredUp Inc (NASDAQ: TDUP) closed at $1.53, down -1.29%. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 0.56 million shares were traded. TDUP stock price reached its highest trading level at $1.587 during the session, while it also had its lowest trading level at $1.53.
Ratios:
Our goal is to gain a better understanding of TDUP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 22, 2022, Downgraded its rating to Neutral and sets its target price to $3.50 from $12 previously.
On June 30, 2022, Raymond James started tracking the stock assigning a Outperform rating and target price of $7.Raymond James initiated its Outperform rating on June 30, 2022, with a $7 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when Reinhart James G. sold 20,744 shares for $2.00 per share. The transaction valued at 41,509 led to the insider holds 659,398 shares of the business.
Reinhart James G. sold 9,801 shares of TDUP for $19,653 on Mar 20 ’24. The Chief Executive Officer now owns 680,142 shares after completing the transaction at $2.01 per share. On Mar 19 ’24, another insider, Reinhart James G., who serves as the Chief Executive Officer of the company, sold 5,000 shares for $2.00 each. As a result, the insider received 10,003 and left with 689,943 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TDUP now has a Market Capitalization of 168632000 and an Enterprise Value of 178739264. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 0.555 whereas that against EBITDA is -3.366.
Stock Price History:
The Beta on a monthly basis for TDUP is 0.72, which has changed by -0.5096154 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, TDUP has reached a high of $4.39, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -20.43%, while the 200-Day Moving Average is calculated to be -41.76%.
Shares Statistics:
The stock has traded on average 545.26K shares per day over the past 3-months and 480420 shares per day over the last 10 days, according to various share statistics. A total of 78.83M shares are outstanding, with a floating share count of 75.55M. Insiders hold about 30.59% of the company’s shares, while institutions hold 60.57% stake in the company. Shares short for TDUP as of 1711584000 were 6677333 with a Short Ratio of 12.25, compared to 1709164800 on 6391404. Therefore, it implies a Short% of Shares Outstanding of 6677333 and a Short% of Float of 9.629999999999999.
