A Look at ThredUp Inc (TDUP) Shares in the Recent Past Indicates Growth

With 21.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. The 52-week range on TDUP shows that it touched its highest point at $4.62 and its lowest point at $0.50 during that stretch. It currently has a 1-year price target of $7.25. Beta for the stock currently stands at 1.51.

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 TDUP was up-trending over the past week, with a rise of 47.91%, but this was up by 149.43% over a month. Three-month performance surged to 158.27% while six-month performance rose 964.07%. The stock gained 290.48% in the past year, while it has gained 371.94% so far this year. A look at the trailing 12-month EPS for TDUP yields -0.58 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.05. This implies an EPS growth rate of 30.56% for this year and 20.80% for next year. EPS is expected to grow by 19.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.65%.

Float and Shares Shorts:

At present, 94.81 million TDUP shares are outstanding with a float of 87.79 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDUP since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.54874 being high and -$0.57924 being low. For TDUP, this leads to a yearly average estimate of -$0.56667.