(TDUP) ThredUp - Ratings and Ratios

ThredUp Inc. is a pioneering online resale platform in the United States, facilitating the buying and selling of secondhand apparel, shoes, and accessories. As a key player in the sustainable fashion industry, the company has been capitalizing on the growing trend of consumers opting for environmentally friendly and cost-effective alternatives to fast fashion.

With its headquarters in Oakland, California, ThredUp was incorporated in 2009 and has since established itself as a leading online marketplace for gently used clothing. The companys platform allows consumers to browse and purchase a vast array of secondhand items, while also providing a convenient outlet for individuals to sell their unwanted garments.

From a technical analysis perspective, TDUPs stock has demonstrated a strong upward trend, with its last price of $8.69 representing a significant increase from its 52-week low of $0.53. The stocks SMA20, SMA50, and SMA200 indicators suggest a bullish momentum, with the short-term and long-term moving averages converging to signal a potential breakout. Furthermore, the Average True Range (ATR) of 0.40 indicates a moderate level of volatility, corresponding to a 4.57% fluctuation.

Fundamentally, ThredUps market capitalization stands at $863.20M USD, with the companys negative P/E ratio and Return on Equity (RoE) of -97.93 indicating significant investment in growth and expansion. As the online resale market continues to grow, ThredUp is well-positioned to capitalize on this trend, driven by its strong brand presence and expanding customer base.

Based on the technical and fundamental data, a forecast for TDUPs stock price suggests a potential target of $12.00 in the next 6-12 months, driven by the companys continued growth and expansion in the online resale market. This represents a potential upside of 38% from the current price, with the stocks bullish momentum and improving fundamentals supporting a long-term investment thesis.