Upwork Inc (UPWK)’s valuation ratios: A closer look

The closing price of Upwork Inc (NASDAQ: UPWK) was $13.10 for the day, up 0.31% from the previous closing price of $13.06. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 1744190 shares were traded. UPWK stock price reached its highest trading level at $13.46 during the session, while it also had its lowest trading level at $13.09.

Ratios:

Our analysis of UPWK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 129.76. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 22 when Marie Olivier sold 1,491 shares for $13.03 per share. The transaction valued at 19,428 led to the insider holds 5,528 shares of the business.

Brown Hayden sold 43,714 shares of UPWK for $562,013 on Feb 20. The President & CEO now owns 1,165,980 shares after completing the transaction at $12.86 per share. On Feb 20, another insider, Marie Olivier, who serves as the Chief Accounting Officer of the company, sold 1,136 shares for $12.86 each. As a result, the insider received 14,605 and left with 7,019 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 1.80B and an Enterprise Value of 1.61B. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 234.77, and their Forward P/E ratio for the next fiscal year is 13.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 4.72. Its current Enterprise Value per Revenue stands at 2.34 whereas that against EBITDA is 1.11k.

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 14.32, while the 200-Day Moving Average is calculated to be 12.27.

Shares Statistics:

UPWK traded an average of 2.03M shares per day over the past three months and 3.33M shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 121.88M. Insiders hold about 11.29% of the company’s shares, while institutions hold 80.13% stake in the company. Shares short for UPWK as of Feb 15, 2024 were 8.18M with a Short Ratio of 4.03, compared to 9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.95% and a Short% of Float of 6.48%.

Earnings Estimates

The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.16, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.2, with high estimates of $0.21 and low estimates of $0.19.

Analysts are recommending an EPS of between $0.85 and $0.74 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is $0.95, with 8 analysts recommending between $1.06 and $0.85.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $187.45M to a low estimate of $184.7M. As of the current estimate, Upwork Inc’s year-ago sales were $158.99M, an estimated increase of 17.10% from the year-ago figure.

A total of 10 analysts have provided revenue estimates for UPWK’s current fiscal year. The highest revenue estimate was $782.37M, while the lowest revenue estimate was $767.4M, resulting in an average revenue estimate of $773.35M. In the same quarter a year ago, actual revenue was $689.14M, up 12.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $871.5M in the next fiscal year. The high estimate is $917.7M and the low estimate is $844.2M. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.

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