Upwork Inc (NASDAQ: UPWK) closed the day trading at $12.28 up 1.07% from the previous closing price of $12.15. In other words, the price has increased by $+0.13 from its previous closing price. On the day, 2102048 shares were traded.
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Ratios:
For a better understanding of UPWK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.64. For the most recent quarter (mrq), Quick Ratio is recorded 3.01 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 08, 2024, Upgraded its rating to Buy and sets its target price to $20 from $13 previously.
On October 04, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Marie Olivier sold 967 shares for $12.20 per share. The transaction valued at 11,799 led to the insider holds 7,196 shares of the business.
Brown Hayden sold 20,000 shares of UPWK for $241,426 on Mar 15 ’24. The President & CEO now owns 1,145,980 shares after completing the transaction at $12.07 per share. On Feb 22 ’24, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 1,491 shares for $13.03 each. As a result, the insider received 19,428 and left with 5,528 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 1.69B and an Enterprise Value of 1.50B. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 220.07, and their Forward P/E ratio for the next fiscal year is 12.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 4.42. Its current Enterprise Value per Revenue stands at 2.18 whereas that against EBITDA is 1.03k.
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 $6.56. The 50-Day Moving Average of the stock is 13.41, while the 200-Day Moving Average is calculated to be 12.70.
Shares Statistics:
Over the past 3-months, UPWK traded about 2.01M shares per day on average, while over the past 10 days, UPWK traded about 2.23M shares per day. A total of 137.27M shares are outstanding, with a floating share count of 122.05M. Insiders hold about 11.17% of the company’s shares, while institutions hold 80.38% stake in the company. Shares short for UPWK as of Feb 29, 2024 were 8.36M with a Short Ratio of 4.65, compared to 7.92M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.09% and a Short% of Float of 6.62%.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.16, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.2, with high estimates of $0.21 and low estimates of $0.19.
Analysts are recommending an EPS of between $0.85 and $0.74 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is $0.95, with 8 analysts recommending between $1.06 and $0.85.
Revenue Estimates
10 analysts predict $186.1M in revenue for the current quarter. It ranges from a high estimate of $187.45M to a low estimate of $184.7M. As of the current estimate, Upwork Inc’s year-ago sales were $158.99M, an estimated increase of 17.10% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for UPWK’s current fiscal year. The highest revenue estimate was $782.37M, while the lowest revenue estimate was $767.4M, resulting in an average revenue estimate of $773.35M. In the same quarter a year ago, actual revenue was $689.14M, up 12.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $871.5M in the next fiscal year. The high estimate is $917.7M and the low estimate is $844.2M. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
