Thoughtworks Holding Inc. (TWKS) Performance and Fundamentals Dashboard tells a completely different story

Thoughtworks Holding Inc. (NASDAQ: TWKS) stock fell -0.89% on Friday to $4.43 against a previous-day closing price of $4.47. With 2.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $4.5200 whereas the lowest price it dropped to was $4.3000. The 52-week range on TWKS shows that it touched its highest point at $13.91 and its lowest point at $4.33 during that stretch. It currently has a 1-year price target of $5.88. Beta for the stock currently stands at 0.87.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TWKS was down-trending over the past week, with a drop of -5.74%, but this was down by -10.87% over a month. Three-month performance dropped to -43.92% while six-month performance fell -37.52%. The stock lost -66.92% in the past year, while it has lost -56.53% so far this year. A look at the trailing 12-month EPS for TWKS yields -0.12 with Next year EPS estimates of 0.26. For the next quarter, that number is 0.04. This implies an EPS growth rate of -43.10% for this year and 81.94% for next year.

Float and Shares Shorts:

At present, 317.34 million TWKS shares are outstanding with a float of 91.86 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.81 million, which was 0.88% higher than short shares on Jul 30, 2023. In addition to Mr. Xiao Guo as the firm’s CEO & Director, Ms. Erin Cummins serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 24.31% of TWKS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 12.68% of TWKS, in contrast to 12.27% held by mutual funds. Shares owned by individuals account for 1.52%. As the largest shareholder in TWKS with 5.20% of the stake, GIC Pte Ltd. holds 16,517,765 shares worth 16,517,765. A second-largest stockholder of TWKS, The Vanguard Group, Inc., holds 10,248,156 shares, controlling over 3.23% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in TWKS, holding 10,117,453 shares or 3.18% stake. With a 1.09% stake in TWKS, the American Funds Small Cap World Fu is the largest stakeholder. A total of 3,458,353 shares are owned by the mutual fund manager. The MFS New Discovery Fund, which owns about 0.96% of TWKS stock, is the second-largest Mutual Fund holder. It holds 3,049,067 shares valued at 15.15 million. Vanguard Total Stock Market ETF holds 0.92% of the stake in TWKS, owning 2,936,882 shares worth 14.6 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, TWKS reported revenue of $332.11M and operating income of -$8.14M. The EBITDA in the recently reported quarter was -$482.00k and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TWKS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TWKS analysts setting a high price target of $7.00 and a low target of $5.00, the average target price over the next 12 months is $5.89. Based on these targets, TWKS could surge 58.01% to reach the target high and rise by 12.87% to reach the target low. Reaching the average price target will result in a growth of 32.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TWKS stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 250,000 shares were bought while 250,000 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 1,292,005 while 360,855 shares were sold.

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