The stock has a 36-month beta value of 2.00. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UDMY is 73.91M, and at present, short sellers hold a 8.63% of that float. On July 04, 2024, the average trading volume of UDMY was 865.93K shares.
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UDMY) stock’s latest price update
Udemy Inc (NASDAQ: UDMY)’s stock price has gone rise by 0.82 in comparison to its previous close of 8.58, however, the company has experienced a 6.53% increase in its stock price over the last five trading days. investorplace.com reported 2024-07-02 that Following the smart money can tip you off about good investment ideas and positions that you should trim from your portfolio. These investors have more time to research their investments and often have large teams doing their research.
UDMY’s Market Performance
UDMY’s stock has risen by 6.53% in the past week, with a monthly rise of 3.35% and a quarterly drop of -19.16%. The volatility ratio for the week is 3.03% while the volatility levels for the last 30 days are 3.14% for Udemy Inc. The simple moving average for the past 20 days is 3.33% for UDMY’s stock, with a -23.42% simple moving average for the past 200 days.
Analysts’ Opinion of UDMY
Many brokerage firms have already submitted their reports for UDMY stocks, with BofA Securities repeating the rating for UDMY by listing it as a “Buy.” The predicted price for UDMY in the upcoming period, according to BofA Securities is $13 based on the research report published on October 19, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see UDMY reach a price target of $11, previously predicting the price at $13. The rating they have provided for UDMY stocks is “Neutral” according to the report published on July 18th, 2022.
Cantor Fitzgerald gave a rating of “Overweight” to UDMY, setting the target price at $22 in the report published on March 30th of the previous year.
UDMY Trading at -6.01% from the 50-Day Moving Average
After a stumble in the market that brought UDMY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.97% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +6.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.46% lower at present.
During the last 5 trading sessions, UDMY rose by +6.40%, which changed the moving average for the period of 200-days by -13.34% in comparison to the 20-day moving average, which settled at $8.40. In addition, Udemy Inc saw -41.28% 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 UDMY starting from Venugopal Venu, who sale 1,000 shares at the price of $8.60 back on Jul 01 ’24. After this action, Venugopal Venu now owns 421,269 shares of Udemy Inc, valued at $8,600 using the latest closing price.
Brown Gregory Scott, the President and CEO of Udemy Inc, sale 10,000 shares at $8.50 during a trade that took place back on Jun 28 ’24, which means that Brown Gregory Scott is holding 1,273,406 shares at $85,000 based on the most recent closing price.
Stock Fundamentals for UDMY
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.59 for the gross margin
The net margin for Udemy Inc stands at -0.11. The total capital return value is set at -0.32. Equity return is now at value -26.09, with -11.38 for asset returns.
Based on Udemy Inc (UDMY), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 8.59. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -537.83.
Currently, EBITDA for the company is -87.04 million with net debt to EBITDA at 4.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.42. The receivables turnover for the company is 7.51for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To sum up, Udemy Inc (UDMY) 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.
