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The closing price of Upwork Inc (NASDAQ: UPWK) was $11.49 for the day, up 0.88% from the previous closing price of $11.39. In other words, the price has increased by $0.88 from its previous closing price. On the day, 1.54 million shares were traded. UPWK stock price reached its highest trading level at $11.59 during the session, while it also had its lowest trading level at $11.35.
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 3.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.60. For the most recent quarter (mrq), Quick Ratio is recorded 2.93 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.04.
On May 02, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $16.
Jefferies Upgraded its Hold to Buy on January 08, 2024, whereas the target price for the stock was revised from $13 to $20.
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 Jun 20 ’24 when Brown Hayden sold 9,541 shares for $10.22 per share. The transaction valued at 97,476 led to the insider holds 1,164,021 shares of the business.
Bottoms Dave sold 5,684 shares of UPWK for $58,071 on Jun 18 ’24. The GM VP II, Marketplace now owns 9,319 shares after completing the transaction at $10.22 per share. On Jun 18 ’24, another insider, Gessert Erica, who serves as the Chief Financial Officer of the company, sold 4,537 shares for $10.22 each. As a result, the insider received 46,352 and left with 90,166 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 1523378688 and an Enterprise Value of 1390391680. As of this moment, Upwork’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.51, and their Forward P/E ratio for the next fiscal year is 10.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 4.38. Its current Enterprise Value per Revenue stands at 1.933 whereas that against EBITDA is 46.349.
Stock Price History:
The Beta on a monthly basis for UPWK is 1.57, which has changed by 0.06548178 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, UPWK has reached a high of $16.36, while it has fallen to a 52-week low of $9.56. The 50-Day Moving Average of the stock is 2.92%, while the 200-Day Moving Average is calculated to be -8.15%.
Shares Statistics:
UPWK traded an average of 1.93M shares per day over the past three months and 1856060 shares per day over the past ten days. A total of 137.27M shares are outstanding, with a floating share count of 119.25M. Insiders hold about 10.06% of the company’s shares, while institutions hold 75.26% stake in the company. Shares short for UPWK as of 1719532800 were 12760968 with a Short Ratio of 6.60, compared to 1717113600 on 14876810. Therefore, it implies a Short% of Shares Outstanding of 12760968 and a Short% of Float of 11.81.
