TWTR Stock Makes Significant Gain in Short Interest; Boosts By 24.4%

SNAP business
SNAP business

TWTR (Twitter, Inc.) stocks trade at an average daily trading volume of 20,160,000 shares. Based on this data, the company notes a 24.4% increase in its short interest trading in less than a month. On February 11th, TWTR stocks’ short interest stood at 23,680,000 shares. However, on February 26th, 2021, the company totaled a short interest share of 29,450,000. Approximately, the company trades with a days-to-cover ratio of 1.5 days.

TWTR stocks traded at $1.01 this Wednesday. The company’s current market capitalization stands at $54.47 billion. It has a negative PE ratio of 50.18 along with a beta of 0.86 at the moment. The current ratio stands at 4.44, the quick ratio at 4.44 and the debt-to-equity ratio at 0.33. The 12-monthly high to low ranges from $80.75 to $20.00. The 50SMA (Simple Moving Average) stands at $65.28 and its 200SMA stands at $51.20.

Twitter, Inc. (NYSE: TWTR) Stock Analysis

The quarterly earnings report for the previous fiscal quarter was released by the company on the 9th of February. The earnings stood at $0.38 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.31.

The company’s return on equity currently stands at -12.42% along with a net margin of -31.70%. The estimated revenue for the firm was marked at $1.19 billion but it made $1.29 billion for the quarter. According to analyst’s reports, Twitter, Inc. stocks are likely to announce their FY2020 (Full Year 2020) EPS as -1.16.

The company has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, Stifel Nicolaus, Citigroup, Bank of America, Susquehanna Bancshares, and so on have posted reports on this firm over the last few months.

The recent consensus rating of Twitter, Inc. (NYSE: TWTR) stands at “Hold” and the consensus on the target price is $63.06. Several hedge funds and institutional investors have also been involved in lifting their holdings in this company’s shares recently.