NASDAQ:TWKS

Thoughtworks (TWKS) Stock Forecast, Price & News

$4.08

+0.06 (+1.49%)

(As of 09/29/2023 ET)

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Today's Range: $4.04
▼
$4.21
50-Day Range: $4.02
▼
$7.19
52-Week Range: $3.96
▼
$11.81

Volume: 472,662 shs
Average Volume: 614,919 shs
Market Capitalization: $1.30 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.44

Thoughtworks MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 107.0% Upside
$8.44 Price Target
Short Interest: Healthy
3.50% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.02) to $0.13 Per Share

Overall MarketRank^™

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

1.87 out of 5 stars

Business Services Sector

230th out of 317 stocks

Custom Computer Programming Services Industry

21st out of 26 stocks

3.1

Analyst's Opinion

Consensus Rating
Thoughtworks has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.44, Thoughtworks has a forecasted upside of 107.0% from its current price of $4.08.
Amount of Analyst Coverage
Thoughtworks has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.50% of the float of Thoughtworks has been sold short.
Short Interest Ratio / Days to Cover
Thoughtworks has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Thoughtworks has recently increased by 13.88%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Thoughtworks does not currently pay a dividend.
Dividend Growth
Thoughtworks does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TWKS.

3.3

News and Social Media Coverage

News Sentiment
Thoughtworks has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Thoughtworks this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for TWKS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 people have added Thoughtworks to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Thoughtworks insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.90% of the stock of Thoughtworks is held by insiders.
Percentage Held by Institutions
Only 27.00% of the stock of Thoughtworks is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Thoughtworks are expected to grow in the coming year, from ($0.02) to $0.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Thoughtworks is -34.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Thoughtworks is -34.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Thoughtworks has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Thoughtworks (NASDAQ:TWKS) Stock

Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses. It offers enterprise modernization, platforms, and cloud services, including modernization strategy and execution, digital platform strategy and engineering organization transformation, cloud modernization, cloud-native application support and evolution, and platform assessment and remediation; and customer experience, product, and design services comprising idea to market, customer experience strategy, product management transformation, and product design and delivery. The company also provides data and artificial intelligence services, such as data strategy, intelligent products, data platforms and data mesh, continuous delivery for machine learning, and data governance; and digital transformation and operations services, which include delivery transformation, digital fluency, organization transformation, value-driven portfolio management, technology strategy, executive advisory, and digital foundations training. It serves its clients in various industry verticals, including technology and business services; energy, public, and health services; retail and consumer; financial services and insurance; and automotive, travel, and transportation. The company was founded in 1993 and is headquartered in Chicago, Illinois.

TWKS Price History

30 days | 90 days | 365 days | Advanced Chart

TWKS Stock News Headlines

September 27, 2023 | finance.yahoo.com

Thoughtworks Technology Radar Delves Into Generative AI as Catalyst for Software Development Process and Productivity

September 20, 2023 | finance.yahoo.com

Thoughtworks Recognized in Australia’s Good Design Awards for Reece’s Innovative 3D Bathroom Planner Tool

October 1, 2023 | Oxford Club (Ad)

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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 18, 2023 | msn.com

Thoughtworks Sees Bigger 2023 Revenue Decline Amid Restructuring

September 6, 2023 | finance.yahoo.com

Thoughtworks to Participate at Upcoming Conferences

August 31, 2023 | finance.yahoo.com

Thoughtworks XConf China 2023: Unleashing the Transformative Power of Generative AI

August 22, 2023 | finance.yahoo.com

Thoughtworks Study Reveals Key Strategies for Empowering Engineering Effectiveness

August 21, 2023 | technews.tmcnet.com

Thoughtworks Receives 2023 CSO50 Award from Foundry's CSO

October 1, 2023 | Stansberry Research (Ad)

1907, 1929, 1998, 2007--and now 2023?

Analyst who called Lehman Bros. collapse says exact same scenario that occurred in 4 of America’s biggest economic calamities is unfolding again now. More here.

August 16, 2023 | finance.yahoo.com

ChenMed Selects Thoughtworks to Build Next Generation Platform for Scale and Growth

August 16, 2023 | finance.yahoo.com

Reasons to Sell Thoughtworks Holding (TWKS)

August 11, 2023 | seekingalpha.com

Thoughtworks Holding, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 11, 2023 | msn.com

TD Cowen Downgrades Thoughtworks Holding (TWKS)

August 10, 2023 | markets.businessinsider.com

5 Analysts Have This to Say About Thoughtworks Holding

August 9, 2023 | markets.businessinsider.com

Thoughtworks Holding (TWKS) Gets a Hold from Bank of America Securities

August 9, 2023 | markets.businessinsider.com

Thoughtworks Analysts Cut Their Forecasts After Weak Q2 Results

August 8, 2023 | bizjournals.com

Chicago-based Thoughtworks to cut 5%–6% of its global workforce

August 8, 2023 | marketwatch.com

Thoughtworks Shares Hit New Lows After Disappointing Quarterly Update >TWKS

August 8, 2023 | finance.yahoo.com

Thoughtworks Holding, Inc. (TWKS) Q2 Earnings Meet Estimates

August 8, 2023 | finance.yahoo.com

Thoughtworks Reports Second Quarter 2023 Financial Results and Announces Restructuring Actions

August 8, 2023 | benzinga.com

Earnings Preview For Thoughtworks Holding

August 7, 2023 | finance.yahoo.com

Investors in Thoughtworks Holding (NASDAQ:TWKS) have unfortunately lost 58% over the last year

July 31, 2023 | finance.yahoo.com

Thoughtworks Named a Top 15 Sourcing Standout by ISG

July 31, 2023 | finance.yahoo.com

Thoughtworks Launches Generative AI Product Accelerator

July 26, 2023 | finance.yahoo.com

Thoughtworks to Report Second Quarter 2023 Financial Results

July 18, 2023 | finance.yahoo.com

The Modern Data Company and Thoughtworks Form Strategic Alliance to Accelerate Data Mesh Implementations and AI Initiatives

June 27, 2023 | finance.yahoo.com

Estimating The Fair Value Of Thoughtworks Holding, Inc. (NASDAQ:TWKS)

See More Headlines

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TWKS Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/13/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:TWKS
CUSIP: N/A
CIK: 1866550
Web: www.thoughtworks.com
Phone: 312-373-1000
Fax: N/A
Employees: 12,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.44
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +107.0%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.12)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-105,390,000.00
Net Margins: -2.88%
Pretax Margin: -0.40%
Return on Equity: -1.42%
Return on Assets: -0.79%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 3.01
Quick Ratio: 3.01

Sales & Book Value

Annual Sales: $1.30 billion
Price / Sales: 1.00
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.50 per share
Price / Book: 1.63

Miscellaneous

Outstanding Shares: 317,730,000
Free Float: 305,338,000
Market Cap: $1.30 billion
Optionable: Not Optionable
Beta: 0.87

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Key Executives

Mr. Xiao Guo (Age 48)
CEO & Director
Comp: $964.99k

Ms. Erin Cummins (Age 43)
Chief Financial Officer
Comp: $643.44k

Mr. Christopher Gerard Murphy (Age 51)
Chief Revenue & Client Officer
Comp: $734.11k

Ms. Joanna Parke (Age 44)
Chief Talent & Operating Officer

Ms. Rachel Laycock
Chief Technology Officer

Mr. Robert Thaddeus Muller C.F.A.
Global Head of Investor Relations

Ms. Ramona Mateiu (Age 44)
Chief Legal Officer & Chief Compliance Officer

Ms. Julie Woods-Moss (Age 58)
Chief Marketing Officer

Mr. Chad-Affonso Wathington (Age 44)
Chief Strategy Officer

Mr. Mike Mason
Chief Artificial Intelligence (AI) Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TWKS Stock - Frequently Asked Questions

Should I buy or sell Thoughtworks stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thoughtworks in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TWKS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TWKS, but not buy additional shares or sell existing shares.
View TWKS analyst ratings or view top-rated stocks.
What is Thoughtworks' stock price forecast for 2023?: 6 equities research analysts have issued 1-year price objectives for Thoughtworks' shares. Their TWKS share price forecasts range from $5.00 to $13.00. On average, they expect the company's stock price to reach $8.44 in the next twelve months. This suggests a possible upside of 107.0% from the stock's current price.
View analysts price targets for TWKS or view top-rated stocks among Wall Street analysts.
How have TWKS shares performed in 2023?: Thoughtworks' stock was trading at $10.19 at the beginning of 2023. Since then, TWKS shares have decreased by 60.0% and is now trading at $4.08.
View the best growth stocks for 2023 here.
When is Thoughtworks' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our TWKS earnings forecast.
How were Thoughtworks' earnings last quarter?: Thoughtworks Holding, Inc. (NASDAQ:TWKS) issued its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.01). The business had revenue of $287.22 million for the quarter, compared to analyst estimates of $301.92 million. Thoughtworks had a negative trailing twelve-month return on equity of 1.42% and a negative net margin of 2.88%.
What ETF holds Thoughtworks' stock ?: Franklin Exponential Data ETF holds 1,328 shares of TWKS stock, representing 0.23% of its portfolio.

What guidance has Thoughtworks issued on next quarter's earnings?: Thoughtworks issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.02-$0.03 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $275.00 million-$285.00 million, compared to the consensus revenue estimate of $326.93 million.
When did Thoughtworks IPO?: (TWKS) raised $700 million in an IPO on Wednesday, September 15th 2021. The company issued 36,842,106 shares at $18.00-$20.00 per share.
What is Thoughtworks' stock symbol?: Thoughtworks trades on the NASDAQ under the ticker symbol "TWKS."
How do I buy shares of Thoughtworks?: Shares of TWKS 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 Thoughtworks' stock price today?: One share of TWKS stock can currently be purchased for approximately $4.08.
How much money does Thoughtworks make?: Thoughtworks (NASDAQ:TWKS) has a market capitalization of $1.30 billion and generates $1.30 billion in revenue each year. The company earns $-105,390,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis.
How many employees does Thoughtworks have?: The company employs 12,500 workers across the globe.
How can I contact Thoughtworks?: Thoughtworks' mailing address is 200 EAST RANDOLPH STREET 25TH FLOOR, CHICAGO IL, 60601. The official website for the company is www.thoughtworks.com. The company can be reached via phone at 312-373-1000 or via email at investor-relations@thoughtworks.com.

This page (NASDAQ:TWKS) was last updated on 10/1/2023 by MarketBeat.com Staff

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