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The closing price of Upwork Inc (NASDAQ: UPWK) was $9.68 for the day, down -1.02% from the previous closing price of $9.78. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 4.4 million shares were traded. UPWK stock price reached its highest trading level at $10.01 during the session, while it also had its lowest trading level at $9.545.
Ratios:
Our analysis of UPWK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.95. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 19 ’24 when ERICA GESSERT bought 20,353 shares for $9.65 per share.
DAVID BOTTOMS bought 1,433 shares of UPWK for $13,826 on Aug 19 ’24. On Aug 19 ’24, another insider, HAYDEN BROWN, who serves as the Officer of the company, bought 31,506 shares for $9.65 each.
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 1277827840 and an Enterprise Value of 1145735680. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.99, and their Forward P/E ratio for the next fiscal year is 8.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 1.541 whereas that against EBITDA is 21.151.
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 -10.12%, while the 200-Day Moving Average is calculated to be -22.47%.
Shares Statistics:
UPWK traded an average of 2.24M shares per day over the past three months and 4447280 shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 118.58M. Insiders hold about 10.17% of the company’s shares, while institutions hold 77.80% stake in the company. Shares short for UPWK as of 1722384000 were 14336482 with a Short Ratio of 6.41, compared to 1719532800 on 12760968. Therefore, it implies a Short% of Shares Outstanding of 14336482 and a Short% of Float of 13.340001.
