Upwork Inc. (UPWK) Shares Decline by -4.92% to Close at $12.56


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.

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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

Insider Transactions:

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.

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 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.

Shares Statistics:

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%.

Earnings Estimates

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.

Revenue Estimates

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.


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