2U Inc (NASDAQ:TWOU) shares, rose in value, with the stock price down by -3.88% to the previous day’s close as strong demand from buyers drove the stock to $0.24.
Actively observing the price movement in the last trading, the stock closed the session at $0.25. Referring to stock’s 52-week performance, its high was $6.10, and the low was $0.23. On the whole, TWOU has fluctuated by -32.78% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 807.04M, with a low estimate of 195.1M and a high estimate of 196.93M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 196.14M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TWOU’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TWOU currently trading nearly -26.83% and -34.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.76, while the 7-day volatility ratio is showing 10.69% which for the 30-day chart, stands at 11.14%. Furthermore, 2U Inc (TWOU)’s beta value is 0.92, and its average true range (ATR) is 0.04.
A comparison of 2U Inc (TWOU) with its peers suggests the former has fared considerably weaker in the market. TWOU showed an intraday change of -3.88% in last session, and over the past year, it shrunk by -95.13%%.
Data on historical trading for 2U Inc (NASDAQ:TWOU) indicates that the trading volumes over the past 3 months, they’ve averaged 2.87 million. According to company’s latest data on outstanding shares, there are 82.26 million shares outstanding.
Nearly 8.38% of 2U Inc’s shares belong to company insiders and institutional investors own 72.96% of the company’s shares. The stock has fallen by -80.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TWOU stock heading into the next quarter.
