Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Upwork Inc (NASDAQ: UPWK) closed at $16.54 in the last session, down -5.21% from day before closing price of $17.45. In other words, the price has decreased by -$5.21 from its previous closing price. On the day, 1.75 million shares were traded. UPWK stock price reached its highest trading level at $17.54 during the session, while it also had its lowest trading level at $16.52.
Ratios:
We take a closer look at UPWK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.61. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 27 ’24 when Brown Hayden sold 15,000 shares for $17.00 per share. The transaction valued at 255,000 led to the insider holds 1,181,221 shares of the business.
Marie Olivier sold 1,649 shares of UPWK for $24,577 on Nov 19 ’24. The Chief Accounting Officer now owns 1,294 shares after completing the transaction at $14.90 per share. On Nov 18 ’24, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 978 shares for $15.13 each. As a result, the insider received 14,796 and left with 2,943 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 2332487424 and an Enterprise Value of 1979135232. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.55, and their Forward P/E ratio for the next fiscal year is 13.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 5.37. Its current Enterprise Value per Revenue stands at 2.598 whereas that against EBITDA is 30.971.
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 24.05%, while the 200-Day Moving Average is calculated to be 40.92%.
Shares Statistics:
According to the various share statistics, UPWK traded on average about 2.28M shares per day over the past 3-months and 2409370 shares per day over the past 10 days. A total of 133.50M shares are outstanding, with a floating share count of 120.66M. Insiders hold about 9.73% of the company’s shares, while institutions hold 78.06% stake in the company. Shares short for UPWK as of 1731628800 were 10828547 with a Short Ratio of 4.75, compared to 1728950400 on 11171712. Therefore, it implies a Short% of Shares Outstanding of 10828547 and a Short% of Float of 9.92.
