The stock of Upwork Inc (UPWK) has gone down by -0.77% for the week, with a 1.98% rise in the past month and a -11.95% drop in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are 3.27% for UPWK. The simple moving average for the past 20 days is -1.50% for UPWK’s stock, with a -11.86% simple moving average for the past 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 19.18x. The stock has a 36-month beta value of 1.53. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for UPWK is 118.63M, and at present, short sellers hold a 10.37% of that float. On October 16, 2024, the average trading volume of UPWK was 2.26M shares.
UPWK) stock’s latest price update
Upwork Inc (NASDAQ: UPWK)’s stock price has plunge by -0.96relation to previous closing price of 10.42. Nevertheless, the company has seen a -0.77% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-15 that SAN FRANCISCO, Oct. 15, 2024 (GLOBE NEWSWIRE) — Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Analysts’ Opinion of UPWK
Many brokerage firms have already submitted their reports for UPWK stocks, with UBS repeating the rating for UPWK by listing it as a “Neutral.” The predicted price for UPWK in the upcoming period, according to UBS is $12 based on the research report published on July 02, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see UPWK reach a price target of $16. The rating they have provided for UPWK stocks is “Buy” according to the report published on May 02nd, 2024.
Jefferies gave a rating of “Buy” to UPWK, setting the target price at $20 in the report published on January 08th of the current year.
UPWK Trading at 3.28% 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 -36.92% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.61% lower at present.
During the last 5 trading sessions, UPWK fell by -0.77%, which changed the moving average for the period of 200-days by -31.52% in comparison to the 20-day moving average, which settled at $10.48. In addition, Upwork Inc saw -30.60% 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 NELSON ELIZABETH A, who sale 75,000 shares at the price of $10.54 back on Sep 18 ’24. After this action, NELSON ELIZABETH A now owns 48,915 shares of Upwork Inc, valued at $790,448 using the latest closing price.
Bottoms Dave, the GM VP II, Marketplace of Upwork Inc, sale 5,626 shares at $10.57 during a trade that took place back on Sep 18 ’24, which means that Bottoms Dave is holding 15,196 shares at $59,474 based on the most recent closing price.
Stock Fundamentals for UPWK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.76 for the gross margin
The net margin for Upwork Inc stands at 0.1. The total capital return value is set at 0.07. Equity return is now at value 22.27, with 7.67 for asset returns.
Based on Upwork Inc (UPWK), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 71.34.
Currently, EBITDA for the company is 2.26 million with net debt to EBITDA at 2.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 6.38for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
To sum up, Upwork Inc (UPWK) has seen a bad 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.
