The stock price of TaskUs Inc (NASDAQ: TASK) has dropped by -3.51 compared to previous close of 16.51. Despite this, the company has seen a fall of -4.50% in its stock price over the last five trading days. prnewswire.com reported 2024-06-12 that PHILADELPHIA, June 12, 2024 /PRNewswire/ — Kaskela Law LLC announces that it is investigating TaskUs, Inc. (NASDAQ: TASK) on behalf of the company’s long-term investors. Recently an amended securities fraud complaint was filed against TaskUs on behalf of certain investors who purchased shares of the company’s stock between June 11, 2021 and January 19, 2022.
Is It Worth Investing in TaskUs Inc (NASDAQ: TASK) Right Now?
TaskUs Inc (NASDAQ: TASK) has a price-to-earnings ratio that is above its average at 31.08x. The stock has a 36-month beta value of 2.34. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for TASK is 16.67M, and at present, short sellers hold a 9.81% of that float. On August 01, 2024, the average trading volume of TASK was 192.66K shares.
TASK’s Market Performance
TASK stock saw an increase of -4.50% in the past week, with a monthly gain of 19.33% and a quarterly increase of 33.53%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 3.73% for TaskUs Inc (TASK). The simple moving average for the last 20 days is 1.06% for TASK’s stock, with a simple moving average of 25.90% for the last 200 days.
Analysts’ Opinion of TASK
Many brokerage firms have already submitted their reports for TASK stocks, with BofA Securities repeating the rating for TASK by listing it as a “Neutral.” The predicted price for TASK in the upcoming period, according to BofA Securities is $18 based on the research report published on July 22, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TASK reach a price target of $12. The rating they have provided for TASK stocks is “Sell” according to the report published on June 24th, 2024.
Guggenheim gave a rating of “Neutral” to TASK, setting the target price at $13 in the report published on March 19th of the current year.
TASK Trading at 8.97% from the 50-Day Moving Average
After a stumble in the market that brought TASK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.24% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +18.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.47% upper at present.
During the last 5 trading sessions, TASK fell by -1.55%, which changed the moving average for the period of 200-days by +100.88% in comparison to the 20-day moving average, which settled at $15.89. In addition, TaskUs Inc saw 21.88% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TASK
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.38 for the gross margin
The net margin for TaskUs Inc stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 10.30, with 5.32 for asset returns.
Based on TaskUs Inc (TASK), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 4.54.
Currently, EBITDA for the company is 164.96 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 5.5for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.36.
Conclusion
To sum up, TaskUs Inc (TASK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
