TWTR Stock: More Upside for Twitter, Inc. (NYSE:TWTR)?

TWTR Stock: More Upside for Twitter, Inc. (NYSE:TWTR)?

In the latest trading session, 4,676,898 Twitter, Inc.(NYSE:TWTR) shares changed hands as the company’s beta touched 0.81. With the company’s most recent per share price at $45.83 changing hands around $0.6 or 0.01% at last look, the market valuation stands at $36.52 Billion. TWTR’s current price is a discount, trading about -15.49% off its 52-week high of $52.93. The share price had its 52-week low at $20, which suggests the current value is an impressive 56.36% up since then. When we look at Twitter, Inc.’s average trading volume, we note the 10-day average is 12.27 Million shares, with the 3-month average coming to 18.48 Million.

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Analysts give the Twitter, Inc. (TWTR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.8. If we narrow down to specifics, the data shows that 4 out of 38 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 24 recommended TWTR as a Hold, 10 felt it is a Buy and none rated the stock as Underweight. Twitter, Inc.’s EPS for the current quarter is expected to be $0.29.

Twitter, Inc. (NYSE:TWTR) trade information

Instantly TWTR is in green as seen in intraday trades today with action 1.32%, the performance over the past five days has been green. The jump to weekly highs of $46.27- on Wednesday, Nov 25 added 0.32% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.44%, with the 5-day performance at 0.06% in the green. However, in the 30-day time frame, Twitter, Inc. (NYSE:TWTR) is -0.09% down. Looking at the short shares, we see there were 25.67 Million shares sold at short interest cover period of 1.39 days.

The consensus price target for the stock as assigned by Wall Street analysts is $45.85, meaning bulls need an upside of 0.04% from its current market value. According to analyst projections, TWTR’s forecast low is $19 with $65 as the target high. To hit the forecast high, the stock’s price needs a +41.83% upsurge from its current level, while the stock would need to tank -58.54% for it to hit the projected low.

Twitter, Inc. (TWTR) estimates and forecasts

Data shows that the Twitter, Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +43.13% over the past 6 months, a -130.8% in annual growth rate that is considerably lower than the industry average of 9%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2020 revenue estimates. The rating firms predict current quarter revenue for Twitter, Inc. will rise +16%, while the growth in revenue is estimated to hit 36.4% for the next quarter. Year-over-year growth is forecast to reach 4.4% up from the last financial year.

Consensus estimates given by 33 financial analysts project the company’s revenue in the current quarter to hit an average of $1.18 Billion. 21 analysts are of the opinion that Twitter, Inc.’s revenue for the quarter ending Mar 01, 2021 will be $956.58 Million. The company’s revenue for the corresponding quarters a year ago was $1.01 Billion and $807.64 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.7%. The estimates for the next quarter sales put growth at 18.4%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.6%. The 2020 estimates are for Twitter, Inc. earnings to increase by 19.6%, but the outlook for the next 5-year period is at 0% per year.

Twitter, Inc. (NYSE:TWTR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.59% of Twitter, Inc. shares while 76.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.19%. There are 1142 institutions holding the Twitter, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Sep 29, 2020, the company held 10.2% of the shares, roughly 81.12 Million TWTR shares worth $3.61 Billion.

Morgan Stanley holds the second largest percentage of outstanding shares, with 7.55% or 60.01 Million shares worth $2.67 Billion as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Jun 29, 2020 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 21239917 shares estimated at $632.74 Million under it, the former controlled 2.67% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.33% of the shares, roughly 18.5 Million shares worth around $551.22 Million.


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