TuSimple Holdings Inc. (NASDAQ:TSP – Get Rating) – Analysts at Oppenheimer issued their FY2027 earnings per share estimates for TuSimple in a report issued on Thursday, January 12th. Oppenheimer analyst C. Rusch forecasts that the company will post earnings of $2.72 per share for the year. Oppenheimer has a "Market Perform" rating on the stock. The consensus estimate for TuSimple's current full-year earnings is ($2.04) per share.
Get TuSimple alerts:TuSimple (NASDAQ:TSP – Get Rating) last released its quarterly earnings results on Monday, October 31st. The company reported ($0.50) earnings per share for the quarter, topping analysts' consensus estimates of ($0.58) by $0.08. TuSimple had a negative return on equity of 36.09% and a negative net margin of 4,697.76%. The company had revenue of $2.65 million during the quarter, compared to analysts' expectations of $2.32 million.
TSP has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded TuSimple from an "overweight" rating to an "underweight" rating in a research report on Tuesday, November 1st. Royal Bank of Canada downgraded TuSimple from a "sector perform" rating to an "underperform" rating in a research report on Monday, October 31st. Robert W. Baird downgraded TuSimple from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $11.00 to $7.00 in a research report on Monday, October 31st. Piper Sandler downgraded TuSimple from an "overweight" rating to a "neutral" rating in a research report on Monday, October 31st. They noted that the move was a valuation call. Finally, Truist Financial downgraded TuSimple from a "buy" rating to a "hold" rating in a research report on Friday, November 11th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.62.TuSimple Stock Up 2.8 %
Shares of NASDAQ:TSP opened at $2.19 on Monday. The company has a market cap of $491.63 million, a P/E ratio of -1.08 and a beta of 0.73. TuSimple has a 52 week low of $1.23 and a 52 week high of $25.60. The business has a fifty day simple moving average of $1.97 and a 200-day simple moving average of $5.67.
Institutional Investors Weigh In On TuSimple
Institutional investors and hedge funds have recently modified their holdings of the stock. DNB Asset Management AS lifted its stake in shares of TuSimple by 14.6% in the fourth quarter. DNB Asset Management AS now owns 143,003 shares of the company's stock worth $235,000 after acquiring an additional 18,243 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in TuSimple by 15.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 635,171 shares of the company's stock worth $4,827,000 after buying an additional 86,667 shares in the last quarter. Capital Impact Advisors LLC bought a new position in TuSimple in the 3rd quarter worth approximately $47,000. State Street Corp grew its holdings in TuSimple by 62.6% in the 3rd quarter. State Street Corp now owns 4,143,505 shares of the company's stock worth $31,491,000 after buying an additional 1,595,044 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in TuSimple by 63.2% in the 3rd quarter. Trexquant Investment LP now owns 68,032 shares of the company's stock worth $517,000 after buying an additional 26,345 shares in the last quarter. Hedge funds and other institutional investors own 38.25% of the company's stock.
TuSimple Company Profile
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TuSimple Holdings Inc, an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology.
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