Thryv Holdings Inc (THRY)
Thryv Holdings, Inc. provides cloud-based tools and digital marketing solutions to small and medium-sized businesses (SMBs) in the United States. The company is headquartered in DFW Airport, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 20.03% per annum.
- THRY price at the close of May 6, 2024 was $21.07 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 61.94% per annum.
- THRY price at the close of May 6, 2024 was lower than the bottom border of the secondary price channel by $0.46 (2.12%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of THRY price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 8, 2021
End date: February 28, 2024
a = 3.6638
b = -0.0006
s = 0.1218
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -20.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1218) – 1
= 62.75%
June 8, 2021 calculations
Top border of price channel:
Exp(Y171)
= Exp(a + b × X171 + 2 × s)
= Exp(a + b × 250 + 2 × s)
= Exp(3.6638 + -0.0006 × 250 + 2 × 0.1218)
= Exp(3.7542)
= $42.70
Bottom border of price channel:
Exp(Y171)
= Exp(a + b × X171 – 2 × s)
= Exp(a + b × 250 – 2 × s)
= Exp(3.6638 + -0.0006 × 250 – 2 × 0.1218)
= Exp(3.2672)
= $26.24
February 28, 2024 calculations
Top border of price channel:
Exp(Y856)
= Exp(a + b × X856 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(3.6638 + -0.0006 × 1,245 + 2 × 0.1218)
= Exp(3.1448)
= $23.22
Bottom border of price channel:
Exp(Y856)
= Exp(a + b × X856 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(3.6638 + -0.0006 × 1,245 – 2 × 0.1218)
= Exp(2.6578)
= $14.26
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 20.03% per annum.
- THRY price at the close of May 6, 2024 was $21.07 and was inside the primary price channel.
Secondary Trend
Start date: October 13, 2023
End date: May 2, 2024
a = 1.4088
b = 0.0013
s = 0.0368
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 61.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0368) – 1
= 15.86%
October 13, 2023 calculations
Top border of price channel:
Exp(Y763)
= Exp(a + b × X763 + 2 × s)
= Exp(a + b × 1,107 + 2 × s)
= Exp(1.4088 + 0.0013 × 1,107 + 2 × 0.0368)
= Exp(2.9444)
= $19.00
Bottom border of price channel:
Exp(Y763)
= Exp(a + b × X763 – 2 × s)
= Exp(a + b × 1,107 – 2 × s)
= Exp(1.4088 + 0.0013 × 1,107 – 2 × 0.0368)
= Exp(2.7972)
= $16.40
May 2, 2024 calculations
Top border of price channel:
Exp(Y901)
= Exp(a + b × X901 + 2 × s)
= Exp(a + b × 1,309 + 2 × s)
= Exp(1.4088 + 0.0013 × 1,309 + 2 × 0.0368)
= Exp(3.2112)
= $24.81
Bottom border of price channel:
Exp(Y901)
= Exp(a + b × X901 – 2 × s)
= Exp(a + b × 1,309 – 2 × s)
= Exp(1.4088 + 0.0013 × 1,309 – 2 × 0.0368)
= Exp(3.0640)
= $21.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 61.94% per annum.
- THRY price at the close of May 6, 2024 was lower than the bottom border of the secondary price channel by $0.46 (2.12%). This indicates a possible reversal in the secondary trend direction.