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NASDAQ:TSP

TuSimple - TSP Stock Forecast, Price & News

$9.40
0.00 (0.00%)
(As of 08/8/2022 09:07 AM ET)
Add
Compare
Today's Range
$9.00
$9.56
50-Day Range
$6.34
$10.77
52-Week Range
$5.99
$50.30
Volume
197,382 shs
Average Volume
2.83 million shs
Market Capitalization
$2.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.10

TuSimple MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
188.3% Upside
$27.10 Price Target
Short Interest
Healthy
10.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.23mentions of TuSimple in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$15,873 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.23) to ($2.73) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Business Services Sector

241st out of 431 stocks

Computer Integrated Systems Design Industry

30th out of 44 stocks

TSP stock logo

About TuSimple (NASDAQ:TSP) Stock

TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definition digital mapped routes, terminals, and TuSimple Connect, a cloud-based autonomous operations oversight system. The company was founded in 2015 and is headquartered in San Diego, California.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TSP shares. China Renaissance raised shares of TuSimple from a "hold" rating to a "buy" rating and cut their price target for the stock from $39.10 to $15.50 in a research note on Thursday, May 26th. Robert W. Baird cut their price target on shares of TuSimple from $17.00 to $11.00 in a research note on Wednesday, August 3rd. KeyCorp cut their price target on shares of TuSimple from $40.00 to $30.00 in a research note on Thursday, May 12th. China Renaissance raised shares of TuSimple from a "hold" rating to a "buy" rating and cut their price target for the stock from $39.10 to $15.50 in a research note on Thursday, May 26th. Finally, Morgan Stanley cut their price target on shares of TuSimple from $45.00 to $35.00 and set an "overweight" rating for the company in a research note on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.19.

TuSimple Stock Performance

Shares of TuSimple stock opened at $9.40 on Monday. TuSimple has a 52-week low of $5.99 and a 52-week high of $50.30. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of -4.56 and a beta of 2.33. The company has a fifty day moving average of $8.45 and a 200-day moving average of $11.16.

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TSP Stock News Headlines

All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
A $226B Copper Spending Jackpot
On November 15, 2021, President Biden signed the biggest infrastructure spending bill of all time. A staggering $226 BILLION is earmarked for projects requiring huge amounts of copper. Turns out, copper is a desperately needed mineral to power the green revolution of clean, renewable energy.
TuSimple (NASDAQ:TSP) Price Target Cut to $11.00
TuSimple (TSP) Reports Q2 Loss, Lags Revenue Estimates
TuSimple Announces Second Quarter 2022 Results
Earnings Outlook For TuSimple Hldgs - Benzinga
See More Headlines
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TSP Company Calendar

Last Earnings
11/03/2021
Today
8/08/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:TSP
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$27.10
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+188.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$-732,670,000.00
Net Margins
-5,193.63%
Pretax Margin
-6,060.10%

Debt

Sales & Book Value

Annual Sales
$6.26 million
Book Value
$5.98 per share

Miscellaneous

Free Float
154,141,000
Market Cap
$2.10 billion
Optionable
Not Optionable
Beta
2.33














TSP Stock - Frequently Asked Questions

Should I buy or sell TuSimple stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TuSimple in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TuSimple stock.
View analyst ratings for TuSimple
or view top-rated stocks.

What is TuSimple's stock price forecast for 2022?

9 brokerages have issued 12 month price targets for TuSimple's stock. Their TSP stock forecasts range from $7.00 to $54.00. On average, they anticipate TuSimple's stock price to reach $27.10 in the next year. This suggests a possible upside of 188.3% from the stock's current price.
View analysts' price targets for TuSimple
or view top-rated stocks among Wall Street analysts.

How has TuSimple's stock performed in 2022?

TuSimple's stock was trading at $35.85 at the start of the year. Since then, TSP stock has decreased by 73.8% and is now trading at $9.40.
View the best growth stocks for 2022 here
.

When is TuSimple's next earnings date?

TuSimple is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for TuSimple
.

How were TuSimple's earnings last quarter?

TuSimple Holdings Inc. (NASDAQ:TSP) announced its quarterly earnings results on Wednesday, November, 3rd. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by $0.04. The business had revenue of $1.79 million for the quarter, compared to analysts' expectations of $1.81 million. TuSimple had a negative trailing twelve-month return on equity of 34.01% and a negative net margin of 5,193.63%.

What guidance has TuSimple issued on next quarter's earnings?

TuSimple issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.00 million-$11.00 million, compared to the consensus revenue estimate of $13.20 million.

What is Xiaodi Hou's approval rating as TuSimple's CEO?

23 employees have rated TuSimple CEO Xiaodi Hou on Glassdoor.com. Xiaodi Hou has an approval rating of 70% among TuSimple's employees. 68.0% of employees surveyed would recommend working at TuSimple to a friend.

When did TuSimple IPO?

(TSP) raised $1.3 billion in an initial public offering (IPO) on Thursday, April 15th 2021. The company issued 33,800,000 shares at $35.00-$39.00 per share. Morgan Stanley, Citigroup and JPMorgan acted as the underwriters for the IPO and BOFA SECURITIES COWEN CREDIT SUISSE NOMURA RBC CAPITAL MARKETS BAIRD NEEDHAM & COMPANY OPPENHEIMER & CO. PIPER SANDLER VALUABLE CAPITAL was co-manager.

What is TuSimple's stock symbol?

TuSimple trades on the NASDAQ under the ticker symbol "TSP."

Who are TuSimple's major shareholders?

TuSimple's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (6.07%), Sumitomo Mitsui Trust Holdings Inc. (2.44%), Nikko Asset Management Americas Inc. (2.44%), Mirae Asset Global Investments Co. Ltd. (0.86%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.17%) and Van ECK Associates Corp (0.12%). Company insiders that own TuSimple stock include Brad W Buss, Cheng Lu, Eric R Tapia, James Mullen, Karen C Francis and Patrick Dillon.
View institutional ownership trends for TuSimple
.

How do I buy shares of TuSimple?

Shares of TSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TuSimple's stock price today?

One share of TSP stock can currently be purchased for approximately $9.40.

How much money does TuSimple make?

TuSimple (NASDAQ:TSP) has a market capitalization of $2.10 billion and generates $6.26 million in revenue each year. The company earns $-732,670,000.00 in net income (profit) each year or ($2.06) on an earnings per share basis.

How many employees does TuSimple have?

TuSimple employs 1,100 workers across the globe.

How can I contact TuSimple?

TuSimple's mailing address is 9191 TOWNE CENTRE DRIVE SUITE 600, SAN DIEGO CA, 92122. The official website for TuSimple is www.tusimple.com. The company can be reached via phone at 619-916-3144 or via email at ir@tusimple.com.

This page (NASDAQ:TSP) was last updated on 8/8/2022 by MarketBeat.com Staff

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