Upwork Inc (UPWK) Stock: A Value Analysis

The price-to-earnings ratio for Upwork Inc (NASDAQ: UPWK) is 217.38x, which is above its average ratio. Moreover, the 36-month beta value for UPWK is 1.67. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”

The public float for UPWK is 122.05M and currently, short sellers hold a 7.65% of that float. On April 03, 2024, UPWK’s average trading volume was 2.05M shares.

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UPWK) stock’s latest price update

Upwork Inc (NASDAQ: UPWK)’s stock price has plunge by -0.66relation to previous closing price of 12.21. Nevertheless, the company has seen a -2.18% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that SBLK, WILYY, TSCDY, UPWK and HENKY have been added to the Zacks Rank #1 (Strong Buy) List on March 26, 2023.

UPWK’s Market Performance

Upwork Inc (UPWK) has seen a -2.18% fall in stock performance for the week, with a -10.15% decline in the past month and a -18.43% plunge in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.11% for UPWK. The simple moving average for the last 20 days is -2.78% for UPWK stock, with a simple moving average of -4.73% for the last 200 days.

Analysts’ Opinion of UPWK

Many brokerage firms have already submitted their reports for UPWK stocks, with Jefferies repeating the rating for UPWK by listing it as a “Buy.” The predicted price for UPWK in the upcoming period, according to Jefferies is $20 based on the research report published on January 08, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see UPWK reach a price target of $13. The rating they have provided for UPWK stocks is “Neutral” according to the report published on October 04th, 2023.

UPWK Trading at -9.00% 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 unable to rebound, for now settling with -25.86% of loss for the given period.

Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares sank -7.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.46% lower at present.

During the last 5 trading sessions, UPWK fell by -2.18%, which changed the moving average for the period of 200-days by +31.99% in comparison to the 20-day moving average, which settled at $12.43. In addition, Upwork Inc saw -18.43% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at UPWK starting from Marie Olivier, who sale 967 shares at the price of $12.20 back on Mar 18 ’24. After this action, Marie Olivier now owns 7,196 shares of Upwork Inc, valued at $11,799 using the latest closing price.

Brown Hayden, the President & CEO of Upwork Inc, sale 20,000 shares at $12.07 during a trade that took place back on Mar 15 ’24, which means that Brown Hayden is holding 1,145,980 shares at $241,426 based on the most recent closing price.

Stock Fundamentals for UPWK

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.75 for the gross margin

The net margin for Upwork Inc stands at 0.07. The total capital return value is set at 0.04. Equity return is now at value 14.89, with 4.43 for asset returns.

Based on Upwork Inc (UPWK), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 13.01.

Currently, EBITDA for the company is 2.26 million with net debt to EBITDA at 5.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.83. The receivables turnover for the company is 6.69for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.

Conclusion

To wrap up, the performance of Upwork Inc (UPWK) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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