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The price of Upwork Inc (NASDAQ: UPWK) closed at $9.77 in the last session, down -2.50% from day before closing price of $10.02. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 1.58 million shares were traded. UPWK stock price reached its highest trading level at $10.12 during the session, while it also had its lowest trading level at $9.74.
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 2.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.14. 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:
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 Aug 20 ’24 when Marie Olivier sold 1,622 shares for $9.44 per share. The transaction valued at 15,313 led to the insider holds 10,079 shares of the business.
Marie Olivier sold 1,005 shares of UPWK for $9,696 on Aug 19 ’24. The Chief Accounting Officer now owns 11,701 shares after completing the transaction at $9.65 per share. On Aug 19 ’24, another insider, Brown Hayden, who serves as the President & CEO of the company, sold 31,506 shares for $9.65 each. As a result, the insider received 303,976 and left with 1,190,561 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 1322711424 and an Enterprise Value of 1157616256. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.16, and their Forward P/E ratio for the next fiscal year is 9.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 1.556 whereas that against EBITDA is 21.37.
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 -8.43%, while the 200-Day Moving Average is calculated to be -21.58%.
Shares Statistics:
According to the various share statistics, UPWK traded on average about 2.37M shares per day over the past 3-months and 3086060 shares per day over the past 10 days. A total of 137.27M shares are outstanding, with a floating share count of 118.68M. Insiders hold about 10.09% of the company’s shares, while institutions hold 77.79% stake in the company. Shares short for UPWK as of 1722384000 were 14336482 with a Short Ratio of 6.04, compared to 1719532800 on 12760968. Therefore, it implies a Short% of Shares Outstanding of 14336482 and a Short% of Float of 13.340001.
