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Thoughtworks Holding Inc’s Banking’s 100-Day Moving Average at 3.86: Will the Stock Break Through?

The market performance of Thoughtworks Holding Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $5.20 on 01/24/24, with the lowest value for the same timeframe being $2.19, recorded on 04/15/24.

52-week price history of TWKS Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Thoughtworks Holding Inc’s current trading price is -14.42% away from its 52-week high, while its distance from the 52-week low is 103.20%. The stock’s price range during this period has fluctuated between $2.19 and $5.20. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 1.21 million for the day, which was evidently lower than the average daily volume of 3.97 million over the last three months.

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Financial Performance and Market Capitalization

Thoughtworks Holding Inc (TWKS) has experienced a quarterly rise of 3.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.44B and boasts a workforce of 10500 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.86, with a change in price of +1.56. Similarly, Thoughtworks Holding Inc recorded 2,832,993 in trading volume during the last 100 days, posting a change of +53.98%.

TWKS Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for TWKS stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.42.

TWKS Stock Stochastic Average

Thoughtworks Holding Inc’s raw stochastic average for the past 50 days is currently at 70.59%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 50.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 43.33% and 48.89%, respectively.

TWKS Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -7.48%.However, over the last six months, we can see a weaker performance of 97.78%. Over the last 30 days, the price of TWKS has fallen by 0.91%. And in the last five days, it has fallen by 0.00%.

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