The stock of 2U Inc (NASDAQ: NASDAQ:TWOU) has shown a promising performance recently, despite its significant year-to-date decline. The company's shares traded 0.48 million in the latest session, with the stock price rising by 9.16% to $2.20. This positive trend is also reflected in the 5-day price performance, which saw a boost of 13.66%.
While the company's year-to-date price performance stands at -64.83%, it is still up by 15.91% from its yearly low of $1.85, giving it a market valuation of $179.53M. This is in spite of the stock being down by 497.73% from its peak at $13.15.
The company has an Overweight analyst rating of 2.00 and a consensus price target of $7.11, as identified by StockWire News' Wealth Building Report, suggesting potential growth prospects for the small cap for 2023.
2U Inc. forecasts a revenue growth of 1.80% for the next financial year and expects revenues of $224.03 million for the current quarter. The major holders include ARK Investment Management, LLC, Blackrock (NYSE:BLK) Inc., and Vanguard Total Stock Market Index Fund.
Despite a challenging financial performance with estimated earnings per share (EPS) for the current quarter at -$0.13 and a dividend yield ratio of 0, the company's stock has demonstrated resilience.
Earlier in November, the company saw an initial surge of 11.88% with its stock peaking at $2.32 before closing at $2.02, marking a significant performance within a 52-week range of $1.85-$13.15.
The company's annual sales growth over the past five years was an impressive 28.37%, despite an annual EPS of -47.35%. With 7144 employees, the firm generated $134,810 per employee last fiscal year.
Insider ownership in 2U Inc. is 5.99%, compared to 94.36% institutional ownership. The company's last quarterly report revealed an EPS of -$0.18, below the consensus figure set at -$0.07 by -$0.11, with a net margin of -33.45% and return on equity of -48.42%.
Despite the current financial performance and a lower volume than the reported volume of 1.22 million in the year-ago period, TWOU's performance indicators suggest a promising outlook for the company's stock amidst volatile markets.
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