The Temple & Webster (ASX:TPW) share price is having a bad week but is up 3% today

The month so far has been tough for the Temple & Webster share price.
The post The Temple & Webster (ASX:TPW) share price is having a bad week but is up 3% today appeared first on The Motley Fool Australia. –

The Temple & Webster Group Ltd (ASX: TPW) share price is seemingly recovering from a poor week’s performance today.

Before today’s gains, it had slipped 8.5% since this time last week.

Right now, the Temple & Webster share price is 3.23% higher than its previous close. Shares in the online retailer are currently trading for $13.12 a piece.

So, what’s spurring today’s gains? Let’s take a look at what Temple & Webster has been up to lately.

Temple & Webster’s woes

The Temple & Webster share price is in the green today after a disastrous week’s trade for the online furniture and homewares retailer.

Interestingly, the company’s fall followed a period of grace in which it gained 13.4% on the back of its financial year 2021 earnings.

Temple & Webster reported $14 million of profits after tax and an 85% increase in its revenue compared to that of the prior period. It also provided an exceptionally positive outlook, which no doubt boosted the market’s spirits.

The market reacted positively to the company’s results, boosting its share price 10.5% higher on the day of their release and another 2.5% the following day.

However, in a seemingly dramatic correction, the Temple & Webster share price returned all its between then and yesterday’s close despite no news being released by the company.

Though, Australian Securities and Investments Commission (ASIC) data revealed around 5.8% of the company’s shares were reported as in short positions last week.

Luckily, today seems to be a brighter one for Temple & Webster on the ASX.

Temple & Webster share price snapshot

Despite their recent dip, Temple & Webster’s shares have been performing well on the ASX lately.

It is currently 11% higher than it was at the start of 2021. It has also gained 40% since this time last year.

At its current share price, the company has a market capitalisation of around $1.5 billion

The post The Temple & Webster (ASX:TPW) share price is having a bad week but is up 3% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Temple & Webster right now?

Before you consider Temple & Webster, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Temple & Webster wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

2 leading e-commerce ASX shares that could be buys in September 2021

3 excellent ASX growth shares for September

ASX 200 rises, Altium sinks, Fortescue climbs

Which ASX companies are starting off the week as the top movers in the ASX 300 today?

Why Adore Beauty, Fortescue, InvoCare, & Temple & Webster are charging higher

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!