The stock of Udemy Inc (UDMY) has seen a 3.11% increase in the past week, with a 15.35% gain in the past month, and a 12.43% flourish in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 3.38% for UDMY. The simple moving average for the last 20 days is 6.54% for UDMY’s stock, with a simple moving average of -11.53% for the last 200 days.
Is It Worth Investing in Udemy Inc (NASDAQ: UDMY) Right Now?
Company’s 36-month beta value is 1.98.Analysts have differing 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 9.53% ratio of that floaft. The average trading volume of UDMY on October 30, 2024 was 899.95K shares.
UDMY) stock’s latest price update
Udemy Inc (NASDAQ: UDMY)’s stock price has gone decline by -0.06 in comparison to its previous close of 8.46, however, the company has experienced a 3.11% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-29 that Udemy, Inc. (NASDAQ:UDMY ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Corporate Participants Dennis Walsh – Vice President, Investor Relations Greg Brown – Chief Executive Officer Sarah Blanchard – Chief Financial Officer Conference Call Participants Jason Tilchen – Canaccord Genuity Stephen Sheldon – William Blair Josh Baer – Morgan Stanley Ryan MacDonald – Needham & Company Terry Tillman – Truist Noah Herman – JPMorgan Yi Fu Lee – Cantor Fitzgerald Devin Au – KeyBanc Operator Good day and welcome to the Udemy’s Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
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 6.24% 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 -47.19% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +12.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.41% upper at present.
During the last 5 trading sessions, UDMY rose by +0.91%, which changed the moving average for the period of 200-days by -37.92% in comparison to the 20-day moving average, which settled at $7.93. In addition, Udemy Inc saw -42.60% 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 UDMY starting from GREGORY SCOTT BROWN, who proposed sale 10,000 shares at the price of $8.26 back on Oct 29 ’24. After this action, GREGORY SCOTT BROWN now owns shares of Udemy Inc, valued at $82,600 using the latest closing price.
VELAYUDHAN PILLAI VENUGOPAL, the Officer of Udemy Inc, proposed sale 20,027 shares at $8.16 during a trade that took place back on Sep 05 ’24, which means that VELAYUDHAN PILLAI VENUGOPAL is holding shares at $163,479 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
- 0.61 for the gross margin
The net margin for Udemy Inc stands at -0.12. The total capital return value is set at -0.5. 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 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 2.99. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -216.31.
Currently, EBITDA for the company is -87.04 million with net debt to EBITDA at 1.99. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 9.56for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In a nutshell, Udemy Inc (UDMY) has experienced a mixed performance in recent times. The stock has received mixed “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.
