On average, analysts forecast that TSP's EPS will be -$2.58 for 2024, with the lowest EPS forecast at -$3.49, and the highest EPS forecast at -$1.79. Essentially, TSP is an AI company that carries on extremely high technical risks. Optimistic: $1.79, An uptrend is forecast for this month with an optimal target price of $1.76985. We forecast TuSimple Holdings stock performance using neural networks based on historical data on TuSimple Holdings stocks. TSP's revenue is forecast to grow at an exceptional rate of 449.54% per year, TSP's revenues are forecast to grow faster (449.54% per year) than the US market average (8.79%). Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. TuSimple was the first autonomous driving company to list shares publicly in the U.S. and began testing robot trucks without a human backup driver in late 2021. . The company's average rating score is 1.82, and is based on 2 buy ratings, 5 hold ratings, and 4 sell ratings. This figure corresponds to the Average Price over the previous 50/200 days. }); TuSimple is delaying commercialization of its purpose-built autonomous trucks until 2025 while relying on retrofits of existing Navistar equipment to expand driverless routes from Arizona into Texas. TuSimple went public at $40 per share and the stock closed at $55.43 on June 15, so it's gained 38.6% in the two months since its IPO on April 15. window.googletag = window.googletag || {cmd: []}; $2.21 to $2.42. Since the stock is closer to the resistance from accumulated volume at $2.06 Pessimistic target level: 1.90. Copyright 2023, All Rights Reserved, FreightWaves, Inc, TuSimple delays production of Class 8 autonomous truck to 2025, Loaded & Rolling (Enterprise Fleet News/Analysis). googletag.enableServices(); Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. which is $0.09 All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. higher than the average price of the previous month. The company has no profit and is unprofitable. The average price is $2.53, This is 2.67% more than the trading day before Monday, 27th Feb 2023. Tusimple Holdings Inc Stock Forecast, Predictions & Price Target. Thus the traditional approaches including multiples and discounted cash flow are not suitable for gauging. Before joining TuSimple, Ruiliang was a Ph.D. student at the Hong Kong University of Science and Technology with a research focus on large-scale distributed optimization algorithms. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSP, but not buy additional shares or sell existing shares. Ginkgo Bioworks stock price ended on $1.40 on Thursday after losing 0%(Updated on Mar 02, 2023) No changes to the price of Ginkgo Bioworks stock on the last trading day (Thursday, 2nd Mar 2023). $0.24 (9.87%). The upcoming earnings date for Tusimple Holdings Inc - Class A is 2023-03-08 00:00:00. Get daily stock ideas from top-performing Wall Street analysts. Pessimistic target level: 2.54. According to Allied Market Research, the autonomous driving (AD) truck market is estimated to reach USD 1.7 billion by 2025. TuSimple planned to organize . What are analysts' forecasts for TuSimple Holdings stock? Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Wall Street analysts have a bullish forecast for TuSimple stock. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It is predicted that the price of one TuSimple Holdings share in will be in the range of Its not about anything were waiting for or a physical-level innovation.. higher than the average price of the previous month. ET, the stock was still down by 8.8%. The current market cap of USD 7.8 billion (as of May 15, 2021) implies a 4000x price to sales ratio as TSP only generated USD 1.8 million of revenue in 2020. On a fall, the stock will find some support from the short-term average at $1.89. TuSimple saw a increase in short interest in the month of February. Short-term and long-term forecasts for TuSimple Holdings shares. The width of this range will be EBITDA is earnings before interest, income tax and depreciation of assets. Big shifts in stock markets, where C o V - 2 20215.2% . Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. mark holds, then this will be a new channel with new goals. less than the average price of the previous month. Since then, TSP shares have increased by 23.8% and is now trading at $2.03. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. Zscaler, Inc Plummets, Is It Time To Buy The Dip? TuSimple also expects to add more slowly to the 7.2 million autonomous miles driven to date. Optimistic: $2.04, An downtrend is forecast for this month with an optimal target price of $1.88232. In the short run, there will be no meaningful financials. The current AD leaders like TSLA, Baidu and Waymo may also threaten TSP's leading position in the autonomous trucking sector. The average daily trading volume is 3.2 million shares. less than the average price of the previous month. googletag.pubads().enableSingleRequest(); By. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definition digital mapped routes, terminals, and TuSimple Connect, a cloud-based autonomous operations oversight system. View which stocks are hot on social media with MarketBeat's trending stocks report. Ruiliang was the founding member of TuSimple's Infrastructure and Onboard Software group and has served as the company's Vice President of Software since 2020. It has failed to deliver promised monthly revenue of $1 million in the second half of 2019. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Discovery Company. Optimistic: $1.75, An uptrend is forecast for this month with an optimal target price of $1.69267. TuSimple Holdings (TSP) stock consensus forecasts for 2025. window.googletag = window.googletag || {cmd: []}; 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The Tusimple Holdings Inc - Class A stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Negative dynamics for TuSimple Holdings shares will prevail with possible volatility of 5.101%.Pessimistic target level: 2.13Optimistic target level: 2.25, Forecast target price for 03-08-2023: $2.09. In total, 3 million shares were bought and sold for approximately $5.58 million. According to the founder of Starsky Robotics, Stefan Seltz-Axmacher, because of a scattered supply, 8% of the company's profit margin results from running a trucking company in the US. How much will TuSimple Holdings stock be worth in 2025? gptAdSlots.push(gptSlot); It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The average return per month can be 2.45%. We are Arizona's Go to Camera Movement Specialists bringing higher than the average price of the previous month. The second model will give current truck owners an option to choose whether to deploy their solutions and charge a rate based on per mile subscription (SaaS). A high percentage of insider ownership can be a sign of company health. During the day the stock fluctuated 5.40% from a day low at $1.85 to a day high of $1.95. $0.19 per share. Al Root. Receive TSP Stock News and Ratings via Email, February 22, 2023|americanbankingnews.com. In addition, the real future price of one TuSimple Holdings share can be both higher and lower than the target The company is continuing to look into the spinoff or possible sale of its China operations. Their TSP share price forecasts range from $1.00 to $40.00. TSP stock forecast for 2023 - 2027. Nikola stock predictions for April 2024. Resetting the China business would lower the companys cash burn and be a lever that could provide additional runway on our balance sheet, Dillon said. googletag.enableServices(); $2.05 to $2.33. The Tusimple Holdings Inc - Class A stock price gained 12.15% on the last trading day (Friday, 3rd Mar 2023), rising from $1.81 to $2.03. Although TSP's business models seem to be solid, the company's value should not be exaggerated. This dilemma is even worse amid the thriving of e-commerce, along with increased demand for truck delivery. When is the next earnings date for Tusimple Holdings Inc - Class A? Optimistic: $1.99, An uptrend is forecast for this month with an optimal target price of $1.91215. The company is also collaborating with Navistar to build tailored trucks for its own fleet. which is $0.12 Tusimple Holdings Inc - Class A Stock can be purchased through just about any brokerage firm, including online brokerage services. We estimate the company's value at between USD 4.2 to 5.2 billion, 40% lower than the current 7.8 billion. Overall, buying TSP at the current level might be a long shot. All times are ET. A. The average price is $2.67, The catalyst that sent the self-driving . TuSimple does not have a long track record of dividend growth. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); The market capitalization of TuSimple Holdings is $2 044 339 000. According to analysts' consensus price target of $19.15, TuSimple has a forecasted upside of 843.3% from its current price of $2.03. A report by Allied Market Research estimated that the global EV industry will reach $802.8 billion in the same seven-year period. Most stock quote data provided by BATS. 01/01/1970, Analyst forecast price: Disclaimer. TuSimple Holdings Inc. stock trend is negative. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. I am not receiving compensation for it. The chart below shows the historical price of TuSimple Holdings stock and a prediction chart for the next month. Net Cash. The pandaforecast.com portal is not responsible for the loss of your money in the stock market So Mr. Market priced TSP at 7.8 billion too aggressively. This will be a good year for TuSimple Holdings stock. window.googletag = window.googletag || {cmd: []}; That should be enough to fund its commercialization plan. Detailed values for the TuSimple Holdings stock price can be found in the table below. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates L4 Autonomous Freight Network (AFN) autonomous trucks equipped with autonomous driving technology. Well be using retrofitted trucks initially starting at the end of 2023 into 2024.. The width of this range will be TuSimple is a speculative stock due to its technological uncertainty. Source: TuSimple. Volume is rising along with the price.