The stock of Upwork Inc (UPWK) has seen a 7.67% increase in the past week, with a 6.05% gain in the past month, and a -6.51% decrease in the past quarter. The volatility ratio for the week is 4.46%, and the volatility levels for the past 30 days are at 3.18% for UPWK. The simple moving average for the last 20 days is 8.26% for UPWK’s stock, with a simple moving average of -2.81% for the last 200 days.
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 36.83x. The stock has a 36-month beta value of 1.60. 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 117.77M, and at present, short sellers hold a 11.85% of that float. On May 07, 2024, the average trading volume of UPWK was 2.19M shares.
UPWK) stock’s latest price update
Upwork Inc (NASDAQ: UPWK) has experienced a decline in its stock price by -2.02 compared to its previous closing price of 12.89. However, the company has seen a gain of 7.67% in its stock price over the last five trading days. InvestorPlace reported 2024-05-04 that Small-cap stocks offer significant benefits to investors, particularly regarding growth potential and access to companies with room for substantial expansion. Unlike large-cap firms constrained by size, small caps can innovate and proliferate, potentially becoming the next major market players.
Analysts’ Opinion of UPWK
Many brokerage firms have already submitted their reports for UPWK stocks, with BTIG Research repeating the rating for UPWK by listing it as a “Buy.” The predicted price for UPWK in the upcoming period, according to BTIG Research is $16 based on the research report published on May 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see UPWK reach a price target of $20, previously predicting the price at $13. The rating they have provided for UPWK stocks is “Buy” according to the report published on January 08th, 2024.
UBS gave a rating of “Neutral” to UPWK, setting the target price at $13 in the report published on October 04th of the previous year.
UPWK Trading at 3.47% 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 -22.80% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 4.46%, as shares surge +6.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.32% lower at present.
During the last 5 trading sessions, UPWK rose by +7.67%, which changed the moving average for the period of 200-days by +22.98% in comparison to the 20-day moving average, which settled at $11.70. In addition, Upwork Inc saw -15.06% 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:
- 0.04 for the present operating margin
- 0.76 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 15.10, with 5.02 for asset returns.
Based on Upwork Inc (UPWK), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 18.84.
Currently, EBITDA for the company is 2.26 million with net debt to EBITDA at 6.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 6.29for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.93.
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.
