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Upwork Inc (NASDAQ: UPWK) closed the day trading at $11.25 up 1.17% from the previous closing price of $11.12. In other words, the price has increased by $1.17 from its previous closing price. On the day, 1.45 million shares were traded. UPWK stock price reached its highest trading level at $11.375 during the session, while it also had its lowest trading level at $11.14.
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 2.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 111.44. 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 1545671168 and an Enterprise Value of 1363429888. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 201.61, and their Forward P/E ratio for the next fiscal year is 11.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.24 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 1.978 whereas that against EBITDA is -164.051.
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 -11.95%, while the 200-Day Moving Average is calculated to be -12.65%.
Shares Statistics:
Over the past 3-months, UPWK traded about 2.03M shares per day on average, while over the past 10 days, UPWK traded about 1733440 shares per day. A total of 137.27M shares are outstanding, with a floating share count of 122.01M. Insiders hold about 11.20% of the company’s shares, while institutions hold 80.53% stake in the company. Shares short for UPWK as of 1711584000 were 10302391 with a Short Ratio of 5.07, compared to 1709164800 on 8360627. Therefore, it implies a Short% of Shares Outstanding of 10302391 and a Short% of Float of 8.1599995.
Earnings Estimates
A detailed examination of Upwork Inc (UPWK) is currently in progress, with Upwork Inc. analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $44.96, with high estimates of $0.01 and low estimates of $57.01.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
