TuSimple Holdings Inc. (TSP:NSD) has been forecasted to earn FY2027 earnings of $2.72 per share by analysts at Oppenheimer. Oppenheimer has given the company a “Market Perform” rating on TuSimple stock. The consensus estimate for TuSimple’s current full-year earnings is ($2.04) per share.
TuSimple Stock-Quarterly Earnings:
TuSimple last released its quarterly earnings results on October 31st, reporting ($0.50) earnings per share for the quarter, surpassing analysts’ consensus estimates of ($0.58) by $0.08.
The company had a negative return on equity of 36.09% and a negative net margin of 4,697.76%. TuSimple’s revenue for the quarter was $2.65 million, compared to analysts’ expectations of $2.32 million.
Analyst Ratings:
TuSimple stock has received a mix of ratings from analysts, with four giving it a “Sell” rating, four a “Hold” rating, and six a “Buy” rating. According to Stock Target Advisor, the stock has a consensus rating of “Hold” and an average target price of $22.62.
TuSimple Stock Price Performance:
Shares of TuSimple 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.
Hedge Funds & Institutional Holdings:
Institutional investors have recently modified their holdings of the TuSimple stock.
DNB Asset Management AS increased its stake in 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 increased 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 increased 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 increased 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 TuSimple stock.
Company Profile:
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.
Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high-definition digitally mapped routes, terminals, and TuSimple Connect, a cloud-based autonomous operations oversight system.
The company was founded in 2015 and is headquartered in San Diego, California.
