While Thoughtworks Holding Inc has underperformed by -3.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TWKS fell by -66.10%, with highs and lows ranging from $8.41 to $2.26, whereas the simple moving average fell by -47.34% in the last 200 days.
On February 28, 2024, William Blair Downgraded Thoughtworks Holding Inc (NASDAQ: TWKS) to Mkt Perform. A report published by Robert W. Baird on January 02, 2024, Upgraded its rating to ‘Outperform’ for TWKS. TD Cowen August 10, 2023d the rating to Market Perform on August 10, 2023, and set its price target from $9 to $6. RBC Capital Mkts August 09, 2023d its ‘Outperform’ rating to ‘Sector Perform’ for TWKS, as published in its report on August 09, 2023. Piper Sandler also rated the stock as ‘Neutral’.
Analysis of Thoughtworks Holding Inc (TWKS)
Further, the quarter-over-quarter decrease in sales is -18.78%, showing a negative trend in the upcoming months.
One of the most important indicators of Thoughtworks Holding Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -8.85% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TWKS is recording 839.78K average volume. Furthermore, long-term investors anticipate a median target price of $4.24, showing growth from the present price of $2.40, which can serve as yet another indication of whether TWKS is worth investing in or should be passed over.
How Do You Analyze Thoughtworks Holding Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 72.95%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TWKS shares are owned by institutional investors to the tune of 22.96% at present.
