For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Upwork Inc’s stock clocked out at $11.36, down -0.09% from its previous closing price of $11.37. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.05 million shares were traded. UPWK stock price reached its highest trading level at $11.51 during the session, while it also had its lowest trading level at $11.245.
Ratios:
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 2.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 112.53. For the most recent quarter (mrq), Quick Ratio is recorded 3.01 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 08, 2024, Upgraded its rating to Buy and sets its target price to $20 from $13 previously.
On October 04, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.
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 Apr 18 ’24 when Marie Olivier sold 223 shares for $11.20 per share. The transaction valued at 2,497 led to the insider holds 7,565 shares of the business.
Marie Olivier sold 967 shares of UPWK for $11,799 on Mar 18 ’24. The Chief Accounting Officer now owns 7,196 shares after completing the transaction at $12.20 per share. On Mar 15 ’24, another insider, Brown Hayden, who serves as the President & CEO of the company, sold 20,000 shares for $12.07 each. As a result, the insider received 241,426 and left with 1,145,980 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 1562147584 and an Enterprise Value of 1378542976. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 203.58, and their Forward P/E ratio for the next fiscal year is 11.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 4.09. Its current Enterprise Value per Revenue stands at 2.0 whereas that against EBITDA is -165.87.
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 $6.56. The 50-Day Moving Average of the stock is -9.15%, while the 200-Day Moving Average is calculated to be -12.17%.
Shares Statistics:
It appears that UPWK traded 2.03M shares on average per day over the past three months and 1648700 shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 122.05M. Insiders hold about 11.17% of the company’s shares, while institutions hold 80.51% stake in the company. Shares short for UPWK as of 1711584000 were 10302391 with a Short Ratio of 5.07, compared to 1709164800 on 8360627. Therefore, it implies a Short% of Shares Outstanding of 10302391 and a Short% of Float of 8.1599995.
