Thoughtworks Holding Inc (NASDAQ: TWKS) on Tuesday, soared 7.93% from the previous trading day, before settling in for the closing price of $3.28. Within the past 52 weeks, TWKS’s price has moved between $2.19 and $7.34.
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A company in the Technology sector has jumped its sales by 11.32% annually for the last half of the decade. The company achieved an average annual earnings per share of -46.80%. With a float of $88.79 million, this company’s outstanding shares have now reached $322.41 million.
In an organization with 10500 employees, it is important to assess its efficiency.
Thoughtworks Holding Inc (TWKS) Insider Updates
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Thoughtworks Holding Inc is 72.50%, while institutional ownership is 23.58%. The most recent insider transaction that took place on Dec 27 ’23, was worth 80,025. In this transaction an insider of this company sold 16,005 shares at a rate of $5.00, taking the stock ownership to the 425,522 shares.
Thoughtworks Holding Inc (TWKS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -46.80% per share during the next fiscal year.
Thoughtworks Holding Inc (NASDAQ: TWKS) Trading Performance Indicators
Thoughtworks Holding Inc (TWKS) is currently performing well based on its current performance indicators. A quick ratio of 2.87 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.17 in one year’s time.
Technical Analysis of Thoughtworks Holding Inc (TWKS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.57 million. That was inferior than the volume of 0.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 91.75%. Additionally, its Average True Range was 0.17.
During the past 100 days, Thoughtworks Holding Inc’s (TWKS) raw stochastic average was set at 97.83%, which indicates a significant increase from 97.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.90% in the past 14 days, which was lower than the 61.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.87, while its 200-day Moving Average is $3.44. However, in the short run, Thoughtworks Holding Inc’s stock first resistance to watch stands at $3.65. Second resistance stands at $3.75. The third major resistance level sits at $3.94. If the price goes on to break the first support level at $3.36, it is likely to go to the next support level at $3.17. Assuming the price breaks the second support level, the third support level stands at $3.07.
Thoughtworks Holding Inc (NASDAQ: TWKS) Key Stats
Market capitalization of the company is 1.14 billion based on 322,914K outstanding shares. Right now, sales total 1,127 M and income totals -68,660 K. The company made 248,590 K in profit during its latest quarter, and -30,880 K in sales during its previous quarter.
