The stock price of Upwork Inc (NASDAQ: UPWK) has surged by 1.25 when compared to previous closing price of 11.23, but the company has seen a 2.25% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-23 that Upwork (UPWK) closed the most recent trading day at $11.37, moving +1.25% from the previous trading session.
Is It Worth Investing in Upwork Inc (NASDAQ: UPWK) Right Now?
Upwork Inc (NASDAQ: UPWK) has a price-to-earnings ratio that is above its average at 203.76x. The stock has a 36-month beta value of 1.67. Opinions on the stock are mixed, 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 at present, short sellers hold a 8.44% of that float. On April 24, 2024, the average trading volume of UPWK was 2.02M shares.
UPWK’s Market Performance
UPWK’s stock has seen a 2.25% increase for the week, with a -7.56% drop in the past month and a -23.07% fall in the past quarter. The volatility ratio for the week is 2.73%, and the volatility levels for the past 30 days are at 2.96% for Upwork Inc The simple moving average for the past 20 days is -3.66% for UPWK’s stock, with a -12.02% 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 -9.52% 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 -30.50% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares sank -8.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.37% lower at present.
During the last 5 trading sessions, UPWK rose by +2.25%, which changed the moving average for the period of 200-days by +24.67% in comparison to the 20-day moving average, which settled at $11.75. In addition, Upwork Inc saw -23.54% 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 223 shares at the price of $11.20 back on Apr 18 ’24. After this action, Marie Olivier now owns 7,565 shares of Upwork Inc, valued at $2,497 using the latest closing price.
Marie Olivier, the Chief Accounting Officer of Upwork Inc, sale 967 shares at $12.20 during a trade that took place back on Mar 18 ’24, which means that Marie Olivier is holding 7,196 shares at $11,799 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 2.68. 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 sum up, Upwork Inc (UPWK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
