It’s Time To Focus On The Long Run With Upwork Inc. (UPWK) stock

As of close of business last night, Upwork Inc.’s stock clocked out at $8.34, down -1.07% from its previous closing price of $8.43. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1657343 shares were traded. UPWK stock price reached its highest trading level at $8.46 during the session, while it also had its lowest trading level at $8.28.

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To gain a deeper understanding of UPWK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.00 and its Current Ratio is at 3.00. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.23.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 22 when Marie Olivier sold 2,572 shares for $8.36 per share. The transaction valued at 21,507 led to the insider holds 14,036 shares of the business.

Brown Hayden sold 22,946 shares of UPWK for $188,283 on May 18. The President & CEO now owns 986,352 shares after completing the transaction at $8.21 per share. On May 18, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 1,515 shares for $8.21 each. As a result, the insider received 12,432 and left with 16,608 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UPWK now has a Market Capitalization of 1.07B and an Enterprise Value of 927.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 1.45 whereas that against EBITDA is -29.91.

Stock Price History:

Over the past 52 weeks, UPWK has reached a high of $25.05, while it has fallen to a 52-week low of $6.56. The 50-Day Moving Average of the stock is 9.67, while the 200-Day Moving Average is calculated to be 12.57.

Shares Statistics:

It appears that UPWK traded 1.76M shares on average per day over the past three months and 2.03M shares per day over the past ten days. A total of 132.84M shares are outstanding, with a floating share count of 120.43M. Insiders hold about 0.80% of the company’s shares, while institutions hold 76.00% stake in the company. Shares short for UPWK as of Apr 27, 2023 were 6.6M with a Short Ratio of 6.60M, compared to 4.67M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.94% and a Short% of Float of 5.39%.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.01, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.09, with high estimates of $0.1 and low estimates of $0.08.

Analysts are recommending an EPS of between $0.28 and $0.21 for the fiscal current year, implying an average EPS of $0.26. EPS for the following year is $0.55, with 8 analysts recommending between $0.84 and $0.4.

Revenue Estimates

In the current quarter, 10 analysts expect revenue to total $162.59M. It ranges from a high estimate of $163.5M to a low estimate of $161.2M. As of the current estimate, Upwork Inc.’s year-ago sales were $156.9M, an estimated increase of 3.60% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $166.12M, an increase of 5.60% over than the figure of $3.60% in the same quarter last year. There is a high estimate of $167.9M for the next quarter, whereas the lowest estimate is $164.38M.

A total of 11 analysts have provided revenue estimates for UPWK’s current fiscal year. The highest revenue estimate was $668.95M, while the lowest revenue estimate was $658.56M, resulting in an average revenue estimate of $661.76M. In the same quarter a year ago, actual revenue was $618.32M, up 7.00% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $758.16M in the next fiscal year. The high estimate is $808.2M and the low estimate is $722.94M. The average revenue growth estimate for next year is up 14.60% from the average revenue estimate for this year.