The stock of Udemy Inc (NASDAQ: UDMY) has decreased by -2.32 when compared to last closing price of 8.19. Despite this, the company has experienced a 4.99% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-10 that SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced it will report its third quarter 2024 financial results after the close of market on Tuesday, October 29, 2024. Udemy will host a live conference call and webcast to discuss the results that afternoon at 2 p.m.
Is It Worth Investing in Udemy Inc (NASDAQ: UDMY) Right Now?
Moreover, the 36-month beta value for UDMY is 1.98. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for UDMY is 77.96M and currently, short sellers hold a 9.73% of that float. On October 18, 2024, UDMY’s average trading volume was 929.38K shares.
UDMY’s Market Performance
UDMY’s stock has seen a 4.99% increase for the week, with a 0.76% rise in the past month and a -6.43% fall in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 3.39% for Udemy Inc The simple moving average for the past 20 days is 3.50% for UDMY’s stock, with a -18.22% simple moving average for the past 200 days.
Analysts’ Opinion of UDMY
Many brokerage firms have already submitted their reports for UDMY stocks, with Morgan Stanley repeating the rating for UDMY by listing it as a “Underweight.” The predicted price for UDMY in the upcoming period, according to Morgan Stanley is $7.50 based on the research report published on September 27, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see UDMY reach a price target of $12. The rating they have provided for UDMY stocks is “Buy” according to the report published on August 08th, 2024.
BofA Securities gave a rating of “Neutral” to UDMY, setting the target price at $8.50 in the report published on August 01st of the current year.
UDMY Trading at 2.59% 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 -50.03% of loss for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares sank -3.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.64% upper at present.
During the last 5 trading sessions, UDMY rose by +4.99%, which changed the moving average for the period of 200-days by -42.61% in comparison to the 20-day moving average, which settled at $7.73. In addition, Udemy Inc saw -45.69% 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 VELAYUDHAN PILLAI VENUGOPAL, who proposed sale 20,027 shares at the price of $8.16 back on Sep 05 ’24. After this action, VELAYUDHAN PILLAI VENUGOPAL now owns shares of Udemy Inc, valued at $163,479 using the latest closing price.
VELAYUDHAN PILLAI VENUGOPAL, the Officer of Udemy Inc, proposed sale 28,207 shares at $8.38 during a trade that took place back on Aug 30 ’24, which means that VELAYUDHAN PILLAI VENUGOPAL is holding shares at $236,304 based on the most recent closing price.
Stock Fundamentals for UDMY
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.6 for the gross margin
The net margin for Udemy Inc stands at -0.11. The total capital return value is set at -0.36. Equity return is now at value -29.78, with -12.51 for asset returns.
Based on Udemy Inc (UDMY), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 4.13. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -369.89.
Currently, EBITDA for the company is -87.04 million with net debt to EBITDA at 4.63. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 9.33for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
To wrap up, the performance of Udemy Inc (UDMY) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
