In yesterday’s Wall Street session, Thoughtworks Holding Inc (NASDAQ:TWKS) shares traded at $4.44, down -0.22% from the previous session.
TWKS stock price is now 1.19% away from the 50-day moving average and 26.67% away from the 200-day moving average. The market capitalization of the company currently stands at $1.44B.
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With the price target of $2.50, Goldman recently initiated with Sell rating for Thoughtworks Holding Inc (NASDAQ: TWKS). , while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Parke Joanna, insider sold 16,005 shares of the company’s stock on Dec 27 ’23. The stock was sold for $80,025 at an average price of $5.00. Upon completion of the transaction, the insider now directly owns 425,522 shares in the company, valued at $1.89 million. A total of 72.43% of the company’s stock is owned by insiders.
During the past 12 months, Thoughtworks Holding Inc has had a low of $2.19 and a high of $5.20. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.59, and a quick ratio of 2.59. The fifty day moving average price for TWKS is $4.3855 and a two-hundred day moving average price translates $3.5053 for the stock.
The latest earnings results from Thoughtworks Holding Inc (NASDAQ: TWKS) was released for 2024-06-30. The net profit margin was -11.20% and return on equity was -15.19% for TWKS. The company reported revenue of $251.67 million for the quarter, compared to $287.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.38 percent. For the current quarter, analysts expect TWKS to generate $256.09M in revenue.
