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As of close of business last night, Upwork Inc’s stock clocked out at $14.58, up 1.32% from its previous closing price of $14.39. In other words, the price has increased by $1.32 from its previous closing price. On the day, 4.3 million shares were traded. UPWK stock price reached its highest trading level at $14.8601 during the session, while it also had its lowest trading level at $14.402.
Ratios:
To gain a deeper understanding of UPWK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.55. 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 1.01 whereas as Long-Term Debt/Eq ratio is at 1.00.
On May 02, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.
Jefferies Upgraded its Hold to Buy on January 08, 2024, whereas the target price for the stock was revised from $13 to $20.
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 Oct 18 ’24 when Marie Olivier sold 223 shares for $10.30 per share. The transaction valued at 2,297 led to the insider holds 10,447 shares of the business.
NELSON ELIZABETH A sold 75,000 shares of UPWK for $790,448 on Sep 18 ’24. The Director now owns 48,915 shares after completing the transaction at $10.54 per share. On Sep 18 ’24, another insider, Bottoms Dave, who serves as the GM VP II, Marketplace of the company, sold 5,626 shares for $10.57 each. As a result, the insider received 59,474 and left with 15,196 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 1924662016 and an Enterprise Value of 1792568320. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.10, and their Forward P/E ratio for the next fiscal year is 13.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.53 while its Price-to-Book (P/B) ratio in mrq is 5.33. Its current Enterprise Value per Revenue stands at 2.41 whereas that against EBITDA is 33.092.
Stock Price History:
Over the past 52 weeks, UPWK has reached a high of $16.36, while it has fallen to a 52-week low of $8.43. The 50-Day Moving Average of the stock is 34.30%, while the 200-Day Moving Average is calculated to be 26.48%.
Shares Statistics:
It appears that UPWK traded 2.42M shares on average per day over the past three months and 3576910 shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 118.63M. Insiders hold about 10.13% of the company’s shares, while institutions hold 77.59% stake in the company. Shares short for UPWK as of 1728950400 were 11171712 with a Short Ratio of 4.63, compared to 1726185600 on 11958574. Therefore, it implies a Short% of Shares Outstanding of 11171712 and a Short% of Float of 10.3999995.
