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After finishing at $10.65 in the prior trading day, Upwork Inc (NASDAQ: UPWK) closed at $10.42, down -2.16%. In other words, the price has decreased by -$2.16 from its previous closing price. On the day, 1.39 million shares were traded. UPWK stock price reached its highest trading level at $10.61 during the session, while it also had its lowest trading level at $10.345.
Ratios:
Our goal is to gain a better understanding of UPWK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.55. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when NELSON ELIZABETH A sold 75,000 shares for $10.54 per share. The transaction valued at 790,448 led to the insider holds 48,915 shares of the business.
Bottoms Dave sold 5,626 shares of UPWK for $59,474 on Sep 18 ’24. The GM VP II, Marketplace now owns 15,196 shares after completing the transaction at $10.57 per share. On Sep 19 ’24, another insider, Bottoms Dave, who serves as the GM VP II, Marketplace of the company, sold 4,688 shares for $10.74 each. As a result, the insider received 50,338 and left with 10,508 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 1375512960 and an Enterprise Value of 1243420544. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.37, and their Forward P/E ratio for the next fiscal year is 9.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 3.81. Its current Enterprise Value per Revenue stands at 1.672 whereas that against EBITDA is 22.954.
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 1.15%, while the 200-Day Moving Average is calculated to be -13.39%.
Shares Statistics:
The stock has traded on average 2.35M shares per day over the past 3-months and 1728960 shares per day over the last 10 days, according to various share statistics. A total of 137.27M shares are outstanding, with a floating share count of 118.64M. Insiders hold about 10.12% of the company’s shares, while institutions hold 77.76% stake in the company. Shares short for UPWK as of 1724976000 were 11812941 with a Short Ratio of 5.09, compared to 1722384000 on 14336482. Therefore, it implies a Short% of Shares Outstanding of 11812941 and a Short% of Float of 10.99.
