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The price of Upwork Inc (NASDAQ: UPWK) closed at $9.14 in the last session, down -2.66% from day before closing price of $9.39. In other words, the price has decreased by -$2.66 from its previous closing price. On the day, 1.75 million shares were traded. UPWK stock price reached its highest trading level at $9.42 during the session, while it also had its lowest trading level at $9.095.
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 2.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.78. 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 27 ’24 when Bottoms Dave sold 5,818 shares for $9.81 per share. The transaction valued at 57,062 led to the insider holds 5,818 shares of the business.
DAVID BOTTOMS bought 5,818 shares of UPWK for $56,842 on Aug 27 ’24. On Aug 20 ’24, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 1,622 shares for $9.44 each. As a result, the insider received 15,313 and left with 10,079 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 1240206592 and an Enterprise Value of 1074451968. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.99, and their Forward P/E ratio for the next fiscal year is 8.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 3.34. Its current Enterprise Value per Revenue stands at 1.445 whereas that against EBITDA is 19.835.
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 -12.95%, while the 200-Day Moving Average is calculated to be -25.37%.
Shares Statistics:
According to the various share statistics, UPWK traded on average about 2.34M shares per day over the past 3-months and 1790980 shares per day over the past 10 days. A total of 137.27M shares are outstanding, with a floating share count of 118.69M. Insiders hold about 10.09% of the company’s shares, while institutions hold 77.71% stake in the company. Shares short for UPWK as of 1723680000 were 13088570 with a Short Ratio of 5.58, compared to 1721001600 on 14188172. Therefore, it implies a Short% of Shares Outstanding of 13088570 and a Short% of Float of 12.1800005.
