In the latest session, Udemy Inc (NASDAQ: UDMY) closed at $11.14 down -1.42% from its previous closing price of $11.30. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1104642 shares were traded. UDMY stock price reached its highest trading level at $11.34 during the session, while it also had its lowest trading level at $11.01.
Ratios:
For a deeper understanding of Udemy Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 18, 2022, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $13 to $11.
On March 30, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $22.Cantor Fitzgerald initiated its Overweight rating on March 30, 2022, with a $22 target price.
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 Feb 20 when Venugopal Venu sold 6,981 shares for $10.82 per share. The transaction valued at 75,534 led to the insider holds 334,319 shares of the business.
Venugopal Venu sold 4,000 shares of UDMY for $55,160 on Feb 01. The Chief Technology Officer now owns 352,013 shares after completing the transaction at $13.79 per share. On Jan 02, another insider, Bali Eren, who serves as the Director of the company, sold 15,000 shares for $14.11 each. As a result, the insider received 211,650 and left with 1,691,050 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, UDMY now has a Market Capitalization of 1.76B and an Enterprise Value of 1.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 1.77 whereas that against EBITDA is -16.44.
Stock Price History:
Over the past 52 weeks, UDMY has reached a high of $16.01, while it has fallen to a 52-week low of $8.17. The 50-Day Moving Average of the stock is 13.34, while the 200-Day Moving Average is calculated to be 11.58.
Shares Statistics:
For the past three months, UDMY has traded an average of 1.01M shares per day and 1.29M over the past ten days. A total of 157.17M shares are outstanding, with a floating share count of 76.26M. Insiders hold about 51.48% of the company’s shares, while institutions hold 39.19% stake in the company. Shares short for UDMY as of Feb 15, 2024 were 3.8M with a Short Ratio of 3.78, compared to 4.73M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.42% and a Short% of Float of 3.99%.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.04, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0, with high estimates of $0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.12 and -$0.08 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.22, with 11 analysts recommending between $0.36 and $0.07.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $194.89M this quarter.It ranges from a high estimate of $196.02M to a low estimate of $194M. As of the current estimate, Udemy Inc’s year-ago sales were $176.43M, an estimated increase of 10.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $195.78M, an increase of 13.10% over than the figure of $10.50% in the same quarter last year. There is a high estimate of $198M for the next quarter, whereas the lowest estimate is $193.59M.
A total of 13 analysts have provided revenue estimates for UDMY’s current fiscal year. The highest revenue estimate was $807.4M, while the lowest revenue estimate was $793.7M, resulting in an average revenue estimate of $802.54M. In the same quarter a year ago, actual revenue was $728.94M, up 10.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $915.19M in the next fiscal year. The high estimate is $945.2M and the low estimate is $852.87M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
