The stock of Upwork Inc (NASDAQ: UPWK) has decreased by -1.01 when compared to last closing price of 15.89.Despite this, the company has seen a gain of 9.31% in its stock price over the last five trading days. fool.com reported 2024-11-08 that The company reported better-than-expected results for its third quarter.
Is It Worth Investing in Upwork Inc (NASDAQ: UPWK) Right Now?
The price-to-earnings ratio for Upwork Inc (NASDAQ: UPWK) is 25.25x, which is above its average ratio. Moreover, the 36-month beta value for UPWK is 1.55. Analysts have varying opinions on the stock, 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 120.12M and currently, short sellers hold a 9.37% of that float. On November 13, 2024, UPWK’s average trading volume was 2.44M shares.
UPWK’s Market Performance
UPWK’s stock has seen a 9.31% increase for the week, with a 50.96% rise in the past month and a 66.46% gain in the past quarter. The volatility ratio for the week is 5.72%, and the volatility levels for the past 30 days are at 4.64% for Upwork Inc. The simple moving average for the past 20 days is 19.88% for UPWK’s stock, with a 36.05% simple moving average for the past 200 days.
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 38.29% 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 -11.58% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.72%, as shares surge +52.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.14% upper at present.
During the last 5 trading sessions, UPWK rose by +9.31%, which changed the moving average for the period of 200-days by +7.81% in comparison to the 20-day moving average, which settled at $13.12. In addition, Upwork Inc saw 5.78% 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 UPWK starting from DAVID BOTTOMS, who proposed sale 10,508 shares at the price of $16.25 back on Nov 08 ’24. After this action, DAVID BOTTOMS now owns shares of Upwork Inc, valued at $170,755 using the latest closing price.
HAYDEN BROWN, the Director of Upwork Inc, proposed sale 30,000 shares at $16.25 during a trade that took place back on Nov 08 ’24, which means that HAYDEN BROWN is holding shares at $487,500 based on the most recent closing price.
Stock Fundamentals for UPWK
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.77 for the gross margin
The net margin for Upwork Inc stands at 0.11. The total capital return value is set at 0.3. Equity return is now at value 22.75, with 8.48 for asset returns.
Based on Upwork Inc (UPWK), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37.
Currently, EBITDA for the company is 1.46 million with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 10.97for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.18.
Conclusion
To wrap up, the performance of Upwork Inc (UPWK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
