As of close of business last night, Upwork Inc.’s stock clocked out at $12.56, down -4.92% from its previous closing price of $13.21. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 3692015 shares were traded. UPWK stock price reached its highest trading level at $13.10 during the session, while it also had its lowest trading level at $12.46.
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 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 663.89. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.16.
Upgrades & Downgrades
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 Aug 31 when Marie Olivier sold 5,835 shares for $15.20 per share. The transaction valued at 88,692 led to the insider holds 3,313 shares of the business.
Marie Olivier sold 9,530 shares of UPWK for $136,663 on Aug 29. The Chief Accounting Officer now owns 9,148 shares after completing the transaction at $14.34 per share. On Aug 18, another insider, Brown Hayden, who serves as the President & CEO of the company, sold 22,520 shares for $13.86 each. As a result, the insider received 312,125 and left with 1,032,937 shares of the company.
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 1.69B and an Enterprise Value of 1.55B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 5.48. Its current Enterprise Value per Revenue stands at 2.38 whereas that against EBITDA is -156.55.
Stock Price History:
Over the past 52 weeks, UPWK has reached a high of $16.39, while it has fallen to a 52-week low of $6.56. The 50-Day Moving Average of the stock is 12.82, while the 200-Day Moving Average is calculated to be 11.09.
It appears that UPWK traded 2.25M shares on average per day over the past three months and 2.02M shares per day over the past ten days. A total of 134.14M shares are outstanding, with a floating share count of 123.49M. Insiders hold about 0.80% of the company’s shares, while institutions hold 76.00% stake in the company. Shares short for UPWK as of Aug 30, 2023 were 6.82M with a Short Ratio of 6.82M, compared to 9.47M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.05% and a Short% of Float of 5.51%.
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.09, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.17, with high estimates of $0.2 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.42 and $0.35 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $0.64, with 8 analysts recommending between $0.82 and $0.44.
In the current quarter, 9 analysts expect revenue to total $168.33M. It ranges from a high estimate of $170.3M to a low estimate of $164.2M. As of the current estimate, Upwork Inc.’s year-ago sales were $157.34M, an estimated increase of 7.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $172.43M, an increase of 6.80% less than the figure of $7.00% in the same quarter last year. There is a high estimate of $175.35M for the next quarter, whereas the lowest estimate is $170.7M.
A total of 10 analysts have provided revenue estimates for UPWK’s current fiscal year. The highest revenue estimate was $674.29M, while the lowest revenue estimate was $664.6M, resulting in an average revenue estimate of $670.29M. In the same quarter a year ago, actual revenue was $618.32M, up 8.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $766.35M in the next fiscal year. The high estimate is $794.6M and the low estimate is $740.4M. The average revenue growth estimate for next year is up 14.30% from the average revenue estimate for this year.