TaskUs Inc (NASDAQ: TASK) has seen a rise in its stock price by 17.97 in relation to its previous close of 15.55. However, the company has experienced a 39.19% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that TaskUs (TASK) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.32 per share a year ago.
Is It Worth Investing in TaskUs Inc (NASDAQ: TASK) Right Now?
TaskUs Inc (NASDAQ: TASK) has a price-to-earnings ratio of 33.55x that is above its average ratio. Additionally, the 36-month beta value for TASK is 2.35. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TASK is 16.69M and currently, short sellers hold a 8.89% ratio of that float. The average trading volume of TASK on November 08, 2024 was 240.74K shares.
TASK’s Market Performance
The stock of TaskUs Inc (TASK) has seen a 39.19% increase in the past week, with a 57.60% rise in the past month, and a 38.35% gain in the past quarter. The volatility ratio for the week is 4.60%, and the volatility levels for the past 30 days are at 3.87% for TASK. The simple moving average for the last 20 days is 41.23% for TASK stock, with a simple moving average of 39.36% 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 44.64% 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 able to rebound, for now settling with 2.10% of gains for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares surge +51.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.74% upper at present.
During the last 5 trading sessions, TASK rose by +40.06%, which changed the moving average for the period of 200-days by +40.70% in comparison to the 20-day moving average, which settled at $12.99. In addition, TaskUs Inc saw 40.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TASK starting from Johnson Jarrod, who sale 51,777 shares at the price of $14.14 back on Aug 15 ’24. After this action, Johnson Jarrod now owns 46,306 shares of TaskUs Inc, valued at $731,992 using the latest closing price.
Johnson Jarrod, the Chief Customer Officer of TaskUs Inc, sale 38,580 shares at $13.85 during a trade that took place back on Aug 16 ’24, which means that Johnson Jarrod is holding 7,726 shares at $534,260 based on the most recent closing price.
Stock Fundamentals for TASK
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.36 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 10.96, with 5.58 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 0.52. The debt to equity ratio resting at 0.6. 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 0.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.97. The receivables turnover for the company is 5.16for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.23.
Conclusion
In conclusion, TaskUs Inc (TASK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
