Market Insights: Upwork Inc (UPWK)’s Notable Drop of -0.09, Closing at 10.56

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As of close of business last night, Upwork Inc’s stock clocked out at $10.56, down -0.09% from its previous closing price of $10.57. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.94 million shares were traded. UPWK stock price reached its highest trading level at $10.77 during the session, while it also had its lowest trading level at $10.3902.


To gain a deeper understanding of UPWK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.26. For the most recent quarter (mrq), Quick Ratio is recorded 2.93 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.04.

On January 08, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $13 to $20.

On October 04, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.UBS initiated its Neutral rating on October 04, 2023, with a $13 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 29 ’24 when Bottoms Dave sold 1,163 shares for $10.79 per share. The transaction valued at 12,551 led to the insider holds 0 shares of the business.

Marie Olivier sold 1,629 shares of UPWK for $18,766 on May 22 ’24. The Chief Accounting Officer now owns 7,565 shares after completing the transaction at $11.52 per share. On May 21 ’24, another insider, Bottoms Dave, who serves as the GM VP II, Marketplace of the company, sold 1,163 shares for $11.61 each. As a result, the insider received 13,501 and left with 1,163 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 1400076544 and an Enterprise Value of 1280048768. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.80, and their Forward P/E ratio for the next fiscal year is 9.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 4.03. Its current Enterprise Value per Revenue stands at 1.78 whereas that against EBITDA is 42.671.

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 $8.15. The 50-Day Moving Average of the stock is -10.34%, while the 200-Day Moving Average is calculated to be -18.46%.

Shares Statistics:

It appears that UPWK traded 1.99M shares on average per day over the past three months and 1855370 shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 119.51M. Insiders hold about 9.86% of the company’s shares, while institutions hold 76.26% stake in the company. Shares short for UPWK as of 1715731200 were 13263407 with a Short Ratio of 6.66, compared to 1713139200 on 13952875. Therefore, it implies a Short% of Shares Outstanding of 13263407 and a Short% of Float of 12.280000000000001.

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