ThredUp Inc (TDUP) is -62.82% away from 50-day simple Moving Average despite all headwinds

On Monday, ThredUp Inc (NASDAQ: TDUP) opened higher 4.00% from the last session, before settling in for the closing price of $0.63. Price fluctuations for TDUP have ranged from $0.61 to $4.39 over the past 52 weeks.

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A company in the Consumer Cyclical sector has jumped its sales by 20.31% annually for the last half of the decade. Company’s average yearly earnings per share was noted 19.85% at the time writing. With a float of $79.71 million, this company’s outstanding shares have now reached $112.44 million.

In an organization with 2377 employees, it is important to assess its efficiency.

ThredUp Inc (TDUP) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Internet Retail industry is another important factor to consider. The insider ownership of ThredUp Inc is 29.30%, while institutional ownership is 56.33%. The most recent insider transaction that took place on Jul 30 ’24, was worth 131,063. In this transaction Director of this company sold 63,933 shares at a rate of $2.05, taking the stock ownership to the 0 shares. Before that another transaction happened on Jul 29 ’24, when Company’s Director sold 45,465 for $2.06, making the entire transaction worth $93,658. This insider now owns 0 shares in total.

ThredUp Inc (TDUP) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 19.85% per share during the next fiscal year.

ThredUp Inc (NASDAQ: TDUP) Trading Performance Indicators

Check out the current performance indicators for ThredUp Inc (TDUP). In the past quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.58, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.38 in one year’s time.

Technical Analysis of ThredUp Inc (TDUP)

Let’s dig in a bit further. During the last 5-days, its volume was 3.87 million. That was better than the volume of 0.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 3.16%. Additionally, its Average True Range was 0.17.

During the past 100 days, ThredUp Inc’s (TDUP) raw stochastic average was set at 2.61%, which indicates a significant increase from 2.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 406.01% in the past 14 days, which was higher than the 165.96% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7206, while its 200-day Moving Average is $1.9924. However, in the short run, ThredUp Inc’s stock first resistance to watch stands at $0.6744. Second resistance stands at $0.6986. The third major resistance level sits at $0.7272. If the price goes on to break the first support level at $0.6216, it is likely to go to the next support level at $0.5930. The third support level lies at $0.5688 if the price breaches the second support level.

ThredUp Inc (NASDAQ: TDUP) Key Stats

There are currently 110,256K shares outstanding in the company with a market cap of 73.11 million. Presently, the company’s annual sales total 322,020 K according to its annual income of -71,250 K. Last quarter, the company’s sales amounted to 79,590 K and its income totaled -16,550 K.