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In the latest session, Upwork Inc (NASDAQ: UPWK) closed at $10.46 down -3.06% from its previous closing price of $10.79. In other words, the price has decreased by -$3.06 from its previous closing price. On the day, 2.94 million shares were traded. UPWK stock price reached its highest trading level at $11.31 during the session, while it also had its lowest trading level at $10.45.
Ratios:
For a deeper understanding of Upwork Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.80. 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 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 18 ’24 when Marie Olivier sold 225 shares for $11.40 per share. The transaction valued at 2,565 led to the insider holds 10,445 shares of the business.
Brown Hayden sold 9,541 shares of UPWK for $97,476 on Jun 20 ’24. The President & CEO now owns 1,164,021 shares after completing the transaction at $10.22 per share. On Jun 18 ’24, another insider, Bottoms Dave, who serves as the GM VP II, Marketplace of the company, sold 5,684 shares for $10.22 each. As a result, the insider received 58,071 and left with 9,319 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 1386818176 and an Enterprise Value of 1266754432. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.50, and their Forward P/E ratio for the next fiscal year is 9.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 3.99. Its current Enterprise Value per Revenue stands at 1.761 whereas that against EBITDA is 42.228.
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 $9.56. The 50-Day Moving Average of the stock is -4.45%, while the 200-Day Moving Average is calculated to be -16.50%.
Shares Statistics:
For the past three months, UPWK has traded an average of 1.89M shares per day and 2529140 over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 119.25M. Insiders hold about 10.06% of the company’s shares, while institutions hold 75.50% stake in the company. Shares short for UPWK as of 1721001600 were 14188172 with a Short Ratio of 7.49, compared to 1718323200 on 14807716. Therefore, it implies a Short% of Shares Outstanding of 14188172 and a Short% of Float of 13.13.
