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The price of Upwork Inc (NASDAQ: UPWK) closed at $10.43 in the last session, down -0.48% from day before closing price of $10.48. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 2.25 million shares were traded. UPWK stock price reached its highest trading level at $10.58 during the session, while it also had its lowest trading level at $10.3.
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 2.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.66. 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:
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 Jun 20 ’24 when Brown Hayden sold 9,541 shares for $10.22 per share. The transaction valued at 97,476 led to the insider holds 1,164,021 shares of the business.
Bottoms Dave sold 5,684 shares of UPWK for $58,071 on Jun 18 ’24. The GM VP II, Marketplace now owns 9,319 shares after completing the transaction at $10.22 per share. On Jun 18 ’24, another insider, Gessert Erica, who serves as the Chief Financial Officer of the company, sold 4,537 shares for $10.22 each. As a result, the insider received 46,352 and left with 90,166 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 1382840704 and an Enterprise Value of 1262766080. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.42, and their Forward P/E ratio for the next fiscal year is 9.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 3.98. Its current Enterprise Value per Revenue stands at 1.756 whereas that against EBITDA is 42.095.
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 $8.49. The 50-Day Moving Average of the stock is -7.79%, while the 200-Day Moving Average is calculated to be -17.67%.
Shares Statistics:
According to the various share statistics, UPWK traded on average about 1.94M shares per day over the past 3-months and 1740970 shares per day over the past 10 days. A total of 137.27M shares are outstanding, with a floating share count of 119.26M. Insiders hold about 10.06% of the company’s shares, while institutions hold 76.12% stake in the company. Shares short for UPWK as of 1715731200 were 13263407 with a Short Ratio of 7.68, compared to 1713139200 on 13952875. Therefore, it implies a Short% of Shares Outstanding of 13263407 and a Short% of Float of 12.280000000000001.
