Upwork Inc. (NASDAQ:UPWK) went up by 12.11% from its latest closing price compared to the recent 1-year high of $41.42. The company’s stock price has collected 22.94% of gains in the last five trading sessions. Press Release reported on 01/06/21 that Upwork To Present at the 23rd Annual Needham Virtual Growth Conference
Is It Worth Investing in Upwork Inc. (NASDAQ :UPWK) Right Now?
Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for Upwork Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $38.57, which is -$9.17 below the current price. UPWK currently public float of 110.44M and currently shorts hold a 4.78% ratio of that float. Today, the average trading volume of UPWK was 2.42M shares.
UPWK’s Market Performance
UPWK stocks went up by 22.94% for the week, with a monthly jump of 23.95% and a quarterly performance of 112.89%, while its annual performance rate touched 335.14%. The volatility ratio for the week stands at 8.69% while the volatility levels for the past 30 days are set at 6.39% for Upwork Inc.. The simple moving average for the period of the last 20 days is 15.03% for UPWK stocks with a simple moving average of 131.21% for the last 200 days.
Analysts’ Opinion of UPWK
Many brokerage firms have already submitted their reports for UPWK stocks, with Citigroup repeating the rating for UPWK by listing it as a “Buy.” The predicted price for UPWK in the upcoming period, according to Citigroup is $48 based on the research report published on January 12th of the current year 2021.
Jefferies, on the other hand, stated in their research note that they expect to see UPWK reach a price target of $39. The rating they have provided for UPWK stocks is “Hold” according to the report published on January 11th, 2021.
MKM Partners gave a rating of “Buy” to UPWK, setting the target price at $44 in the report published on December 16th of the previous year.
UPWK Trading at 28.95% from the 50-Day Moving Average
After a stumble in the market that brought UPWK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.86% of gains for the given period.
Volatility was left at 6.39%, however, over the last 30 days, the volatility rate increased by 8.69%, as shares surge +21.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +125.40% upper at present.
During the last 5 trading sessions, UPWK rose by +22.94%, which changed the moving average for the period of 200-days by +555.38% in comparison to the 20-day moving average, which settled at $37.41. In addition, Upwork Inc. saw 23.41% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at UPWK starting from Brown Hayden, who sale 29,592 shares at the price of $39.81 back on Dec 18. After this action, Brown Hayden now owns 437,386 shares of Upwork Inc., valued at $1,178,097 using the latest closing price.
NELSON ELIZABETH A, the Director of Upwork Inc., sale 41,674 shares at $35.15 during a trade that took place back on Nov 23, which means that NELSON ELIZABETH A is holding 12,952 shares at $1,464,929 based on the most recent closing price.
Stock Fundamentals for UPWK
Current profitability levels for the company are sitting at:
- -6.00 for the present operating margin
- +69.78 for the gross margin
The net margin for Upwork Inc. stands at -5.54. The total capital return value is set at -6.33, while invested capital returns managed to touch -6.02. Equity return is now at value -11.50, with -6.40 for asset returns.
Based on Upwork Inc. (UPWK), the company’s capital structure generated 16.45 points at debt to equity in total, while total debt to capital is 14.13. Total debt to assets is 9.56, with long-term debt to equity ratio resting at 12.29. Finally, the long-term debt to capital ratio is 10.55.
When we switch over and look at the enterprise to sales, we see a ratio of 3.59, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 11.46 and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.