Thoughtworks Holding Inc (TWKS) recent activity suggests a positive outlook with the last week’s performance of 0.46%

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Thoughtworks Holding Inc (NASDAQ: TWKS) On Monday, started off the session at the price of On Monday, remained unchanged from the previous trading day, before settling in for the closing price of $4.34. Within the past 52 weeks, TWKS’s price has moved between $2.19 and $5.20.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 11.32%. The company achieved an average annual earnings per share of -67.35%. With a float of $88.76 million, this company’s outstanding shares have now reached $322.41 million.

Considering the fact that the conglomerate employs 10500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 28.5%, operating margin of -4.84%, and the pretax margin is -9.72%.

Thoughtworks Holding Inc (TWKS) Breakdown of a Key Holders of the stock

Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Thoughtworks Holding Inc is 72.53%, while institutional ownership is 24.47%. 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) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -67.35% 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 2.59 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 1.36.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.16 in one year’s time.

Technical Analysis of Thoughtworks Holding Inc (TWKS)

Compared to the last year’s volume of 1.16 million, its volume of 1.36 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 47.50%. Additionally, its Average True Range was 0.14.

During the past 100 days, Thoughtworks Holding Inc’s (TWKS) raw stochastic average was set at 97.29%, which indicates a significant increase from 94.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.70% in the past 14 days, which was higher than the 71.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.21, while its 200-day Moving Average is $3.47. Nevertheless, the first resistance level for the watch stands at $4.35 in the near term. At $4.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.38. If the price goes on to break the first support level at $4.32, it is likely to go to the next support level at $4.31. Now, if the price goes above the second support level, the third support stands at $4.29.

Thoughtworks Holding Inc (NASDAQ: TWKS) Key Stats

Market capitalization of the company is 1.40 billion based on 322,914K outstanding shares. Right now, sales total 1,127 M and income totals -68,660 K. The company made 251,670 K in profit during its latest quarter, and -36,490 K in sales during its previous quarter.