Upwork Inc. [UPWK] Is Still Overvalued at $34.34

Upwork Inc. [UPWK] stock is up 7.41 while the S&P 500 has fallen -0.17% on Friday, 12/04/20. While at the time of this article, UPWK ATR is sitting at 2.10. This stock’s volatility for the past week remained at 6.34%, while it was 7.96% for the past 30-day period. UPWK has risen $2.37 from the previous closing price of $31.97 on volume of 1.6 million shares.

On 19, November 2020, Upwork’s CEO and Chief People Officer Both Named to Staffing Industry Analysts’ 2020 Global Power 150: Women in Staffing List. According to news published on Yahoo Finance, The annual list honors female leaders who have a significant impact on the global staffing industry.

Analyst Birdseye View:

The most recent analyst activity for Upwork Inc. [NASDAQ:UPWK] stock was on August 27, 2020, when it was Initiated with a Buy rating from MKM Partners, which also raised its 12-month price target on the stock to $20. Before that, on November 05, 2020, Stifel Recapitulated a Buy rating and elevated its amount target to $31. On January 24, 2020, Guggenheim Downgrade a Neutral rating and plunged its price target on this stock from $25 to $11. On January 02, 2020, Citigroup Downgrade a Neutral rating and decreased its price target from $23 to $12. On November 01, 2019, First Analysis Sec Initiated an Outperform rating and increased its price target to $18. On June 26, 2019, Jefferies Upgrade a Buy rating and boosted its amount on this stock to $23. On October 29, 2018, RBC Capital Mkts Initiated an Outperform rating and boosted its target amount on this stock to $24. On October 29, 2018, Jefferies Initiated a Hold rating and amplified its amount target to $20.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.14 and a peak of $36.66. Right now, according to Wall Street analyst the average 12-month amount target is $31.14. At the most recent market close, shares of Upwork Inc. [NASDAQ:UPWK] were valued at $34.34. According to the average price forecast, investors can expect a potential return of -7.38%.

FUNDAMENTAL ANALYSIS

Upwork Inc. [NASDAQ:UPWK] most recently reported quarterly sales of 96.75 billion, which represented growth of 24.00%. This publicly-traded organization’s revenue is $527,302 per employee, while its income is -$29,226 per employee. This company’s Gross Margin is currently 71.60%, its Operating Margin is -9.10%, its Pretax Margin is -5.53, and its Net Margin is -5.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -3.98, -6.62, -6.33 and -6.02 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 14.13 and the whole liability to whole assets at 9.56. It shows enduring liability to the whole principal at 10.55 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 31.47 points at 1st support level, the second support level is making up to 30.96. But as of 1st resistance point, this stock is sitting at 32.66 and at 33.36 for 2nd resistance point.

Upwork Inc. [UPWK] reported its earnings at -$0.02 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.08/share signifying the difference of 0.06 and 75.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.09 calling estimates for -$0.09/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Upwork Inc. [NASDAQ:UPWK] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.91. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.90 and it’s amount to book ratio is 4.67.

Insider Stories

The most recent insider trade was by NELSON ELIZABETH A, Director, and it was the sale of 41674.0 shares on Nov 23. Gilpin Eric, the Senior VP, Sales, completed a sale of 3591.0 shares on Nov 20. On Nov 18, Gilpin Eric, Senior VP, Sales, completed a sale of 3144.0 shares.