The price-to-earnings ratio for Upwork Inc (NASDAQ: UPWK) is above average at 199.28x. The 36-month beta value for UPWK is also noteworthy at 1.68. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for UPWK is 122.01M, and at present, short sellers hold a 8.44% of that float. The average trading volume of UPWK on April 17, 2024 was 2.03M shares.
UPWK) stock’s latest price update
The stock of Upwork Inc (NASDAQ: UPWK) has decreased by -0.71 when compared to last closing price of 11.20. Despite this, the company has experienced a -8.10% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that A rate cut this year would be a tailwind for the capital-intensive Internet – Services industry although the economic slowdown reduces visibility. Crexendo (CXDO), Upwork (UPWK) and Uber (UBER) are worth picking from this very broad-based industry.
UPWK’s Market Performance
UPWK’s stock has fallen by -8.10% in the past week, with a monthly drop of -7.02% and a quarterly drop of -24.30%. The volatility ratio for the week is 3.52% while the volatility levels for the last 30 days are 3.12% for Upwork Inc The simple moving average for the past 20 days is -7.91% for UPWK’s stock, with a -13.59% simple moving average for the past 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 -13.38% 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 -32.03% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares sank -7.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.41% lower at present.
During the last 5 trading sessions, UPWK fell by -8.10%, which changed the moving average for the period of 200-days by +23.15% in comparison to the 20-day moving average, which settled at $12.03. In addition, Upwork Inc saw -25.22% 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 2.63. 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
In summary, Upwork Inc (UPWK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
