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Upwork Inc (NASDAQ: UPWK) closed the day trading at $15.10 down -3.94% from the previous closing price of $15.72. In other words, the price has decreased by -$3.94 from its previous closing price. On the day, 2.15 million shares were traded. UPWK stock price reached its highest trading level at $15.74 during the session, while it also had its lowest trading level at $15.08.
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 3.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.08. For the most recent quarter (mrq), Quick Ratio is recorded 3.18 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.89.
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:
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 Nov 08 ’24 when Marie Olivier sold 9,153 shares for $15.92 per share. The transaction valued at 145,712 led to the insider holds 1,294 shares of the business.
Bottoms Dave sold 10,508 shares of UPWK for $166,683 on Nov 08 ’24. The GM VP II, Marketplace now owns 0 shares after completing the transaction at $15.86 per share. On Nov 08 ’24, another insider, Brown Hayden, who serves as the President & CEO of the company, sold 10,000 shares for $15.85 each. As a result, the insider received 158,462 and left with 1,168,850 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 2018371712 and an Enterprise Value of 1786654592. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.24, and their Forward P/E ratio for the next fiscal year is 12.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65 while its Price-to-Book (P/B) ratio in mrq is 4.90. Its current Enterprise Value per Revenue stands at 2.345 whereas that against EBITDA is 27.959.
Stock Price History:
Over the past 52 weeks, UPWK has reached a high of $17.79, while it has fallen to a 52-week low of $8.43. The 50-Day Moving Average of the stock is 30.14%, while the 200-Day Moving Average is calculated to be 30.45%.
Shares Statistics:
Over the past 3-months, UPWK traded about 2.34M shares per day on average, while over the past 10 days, UPWK traded about 3367150 shares per day. A total of 137.27M shares are outstanding, with a floating share count of 120.12M. Insiders hold about 10.13% of the company’s shares, while institutions hold 73.58% stake in the company. Shares short for UPWK as of 1730332800 were 11253619 with a Short Ratio of 4.80, compared to 1727654400 on 12306945. Therefore, it implies a Short% of Shares Outstanding of 11253619 and a Short% of Float of 10.33.
