Trump/Cook, Nissan weakness, more tariffs and gold - what’s moving markets
In a remarkable turnaround, ThredUp Inc. (NASDAQ:TDUP) shares have surged to a 52-week high, reaching a price level of $3.00. This peak represents a significant milestone for the online resale platform, which has seen its stock price fluctuate over the past year. The momentum has been particularly strong, with InvestingPro data showing impressive returns of 287.95% over the past six months and 112.23% year-to-date. Investors have rallied behind ThredUp, propelling the stock to new heights and reflecting a robust 1-year change of 68.57%. The company's recent initiatives to capitalize on the growing trend of sustainable fashion may have contributed to the positive investor sentiment, as more consumers turn to secondhand goods to reduce their environmental footprint. With an impressive gross profit margin of 79.65% and a market capitalization of $343 million, ThredUp's ascent to a 52-week high underscores the potential that lies in the evolving landscape of e-commerce and resale markets. For deeper insights into ThredUp's financial health and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro, which offers exclusive analysis of over 1,400 US stocks.
In other recent news, ThredUp Inc reported its fourth-quarter 2024 earnings, revealing a miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.19, falling short of the forecasted -$0.13. Revenue reached $67.3 million, slightly below projections of $68.58 million, but still marked a 9.5% increase year-over-year. Despite the earnings miss, ThredUp's gross margin improved to 80.4%, up 290 basis points from the previous year. The company also doubled its adjusted EBITDA to $5 million, illustrating operational efficiency gains. Active buyers declined by 6% year-over-year, though order growth increased by 2%. ThredUp forecasts 2025 revenue between $270 million and $280 million, aiming for a gross margin of 77-79% and flat adjusted EBITDA compared to 2024. The company is targeting positive free cash flow in 2025, reflecting confidence in its financial strategies.
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