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Tuesday, June 6, 2023

Is Thoughtworks Holding Inc. (NASDAQ: TWKS) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Thoughtworks Holding Inc. (TWKS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -1.01%, to $7.87. The Thoughtworks Holding Inc. has recorded 23,188 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Thoughtworks and Pluribus Digital to Support U.S. Consumer Financial Protection Bureau on Digital Design and Delivery.

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Stocks Info

TWKS belongs to the Technology sector of the NASDAQ while operating in the Information Technology Services industry. At the end of the last regular session, the stock closed at $7.95 and fluctuated between $7.99 as its day high and $7.14 as its day low. The current market capitalization of Thoughtworks Holding Inc. is $2.47B. A total of 1.66 million shares were traded on the day, compared to an average of 836.74K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TWKS has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 49,500 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 34 SELLs from insiders. Insiders purchased 976,352 shares during that period but sold 232,118.

In the most recent transaction, Cummins Erin bought 14,500 shares of TWKS for 7.63 per share on Mar 07. After the transaction, the Chief Financial Officer now owns 332,009 company shares. In a previous transaction on Mar 02, Xiao Guo bought 35,000 shares at 7.64 per share. TWKS shares that Chief Executive Officer owns now total 1,389,647.

Among the insiders who bought shares, Davis Ian acquired of 25,000 shares on Nov 23 at a per-share price of $8.00. This resulted in the Director holding 43,163 shares of TWKS after the transaction. In another insider transaction, Mandapaty Sai Krishna sold 5,139 shares at $8.02 per share on Nov 22. Company shares held by the Chief Commercial Officer now total 210,637.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TWKS in the last 3 months, the mean price target is $9.15 with high estimates of $12.00 and low estimates of $7.00. In terms of 52-week highs and lows, TWKS has a high of $19.33 and a low of $5.93.

As of this writing, TWKS has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.03. The company reported an EPS of $0.08 in the last quarter, which was -27.30% lower than expectations of $0.11.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TWKS’s latest balance sheet shows that the firm has $368.21M in Cash & Short Term Investments as of fiscal 2021. There were $504.53M in debt and $180.53M in liabilities at the time. Its Book Value Per Share was $2.47, while its Total Shareholder’s Equity was $708.49M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TWKS is Hold with a score of 4.00. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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