Upwork Inc (NASDAQ: UPWK)’s stock price has decreased by -1.19 compared to its previous closing price of 15.11. However, the company has seen a -5.09% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that SAN FRANCISCO, Nov. 19, 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 CFO Erica Gessert will participate in a fireside chat at the UBS Global Technology and AI Conference in Scottsdale, AZ on Tuesday, December 3, 2024 at 10:35 a.m. PT/1:35 p.m. ET.
Is It Worth Investing in Upwork Inc (NASDAQ: UPWK) Right Now?
Upwork Inc (NASDAQ: UPWK) has a higher price-to-earnings ratio of 23.96x compared to its average ratio. UPWK has 36-month beta value of 1.54. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 5 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for UPWK is 121.23M, and currently, short sellers hold a 9.28% ratio of that float. The average trading volume of UPWK on November 20, 2024 was 2.29M shares.
UPWK’s Market Performance
UPWK stock saw an increase of -5.09% in the past week, with a monthly gain of 48.56% and a quarterly increase of 53.92%. The volatility ratio for the week is 3.26%, and the volatility levels for the last 30 days are 4.76% for Upwork Inc (UPWK). The simple moving average for the last 20 days is 3.97% for UPWK stock, with a simple moving average of 28.79% for the last 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 25.03% 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 -16.08% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares surge +48.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +63.35% upper at present.
During the last 5 trading sessions, UPWK fell by -5.09%, which changed the moving average for the period of 200-days by +10.51% in comparison to the 20-day moving average, which settled at $14.36. In addition, Upwork Inc saw 0.40% 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 Bottoms Dave, who sale 2,354 shares at the price of $14.90 back on Nov 19 ’24. After this action, Bottoms Dave now owns 0 shares of Upwork Inc, valued at $35,074 using the latest closing price.
Bottoms Dave, the GM VP II, Marketplace of Upwork Inc, sale 1,396 shares at $15.13 during a trade that took place back on Nov 18 ’24, which means that Bottoms Dave is holding 2,354 shares at $21,120 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 0.38.
Currently, EBITDA for the company is 1.46 million with net debt to EBITDA at 1.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.72. 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 put it simply, Upwork Inc (UPWK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
