ThredUp Inc (NASDAQ: TDUP) closed the day trading at $1.93 down -4.46% from the previous closing price of $2.02. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 934432 shares were traded. TDUP stock price reached its highest trading level at $2.0200 during the session, while it also had its lowest trading level at $1.9300.
Ratios:
For a better understanding of TDUP, let’s 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 Mar 20 ’24 when Reinhart James G. sold 9,801 shares for $2.01 per share. The transaction valued at 19,653 led to the insider holds 680,142 shares of the business.
Reinhart James G. sold 5,000 shares of TDUP for $10,003 on Mar 19 ’24. The Chief Executive Officer now owns 689,943 shares after completing the transaction at $2.00 per share. On Mar 11 ’24, another insider, Rotem Alon, who serves as the Chief Legal Officer of the company, sold 12,823 shares for $1.85 each. As a result, the insider received 23,746 and left with 220,771 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 210.04M and an Enterprise Value of 222.27M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 0.69 whereas that against EBITDA is -4.42.
Stock Price History:
Over the past 52 weeks, TDUP has reached a high of $4.39, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is 2.0084, while the 200-Day Moving Average is calculated to be 2.6628.
Shares Statistics:
Over the past 3-months, TDUP traded about 539.55K shares per day on average, while over the past 10 days, TDUP traded about 512.05k shares per day. A total of 78.83M shares are outstanding, with a floating share count of 75.46M. Insiders hold about 30.67% of the company’s shares, while institutions hold 60.58% stake in the company. Shares short for TDUP as of Mar 15, 2024 were 6.7M with a Short Ratio of 12.42, compared to 6.54M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.16% and a Short% of Float of 10.86%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.15, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.12 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.43 and -$0.48 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.32, with 5 analysts recommending between -$0.26 and -$0.43.
Revenue Estimates
6 analysts predict $80.18M in revenue for the current quarter. It ranges from a high estimate of $80.92M to a low estimate of $79M. As of the current estimate, ThredUp Inc’s year-ago sales were $72.19M, an estimated increase of 11.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $85.69M, an increase of 5.80% less than the figure of $11.10% in the same quarter last year. There is a high estimate of $86M for the next quarter, whereas the lowest estimate is $85.3M.
A total of 7 analysts have provided revenue estimates for TDUP’s current fiscal year. The highest revenue estimate was $349.3M, while the lowest revenue estimate was $340M, resulting in an average revenue estimate of $344.27M. In the same quarter a year ago, actual revenue was $322.02M, up 6.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $381.85M in the next fiscal year. The high estimate is $390.27M and the low estimate is $369.2M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.
