Upwork Inc [UPWK] stock is trading at $11.94, up 0.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UPWK shares have gain 0.08% over the last week, with a monthly amount drifted -5.39%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Upwork to Report First Quarter Financial Results on May 1, 2024. In a post published today on Yahoo Finance, Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the first quarter of 2024 on Wednesday, May 1, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
From an analyst’s perspective:
Upwork Inc [NASDAQ: UPWK] stock has seen the most recent analyst activity on January 08, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $20 from $13. Previously, UBS started tracking the stock with Neutral rating on October 04, 2023, and set its price target to $13. On August 28, 2023, downgrade downgraded it’s rating to Neutral. BTIG Research reiterated its Buy rating and decreased its price target to $13 on June 30, 2023. BofA Securities downgraded its rating to a Neutral but $9 remained the price target by the analyst firm on May 04, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on May 23, 2022, and assigned it a price target of $21. In a note dated May 17, 2022, Stifel downgraded an Hold rating on this stock and revised its target price from $30 to $20.
Upwork Inc [UPWK] stock has fluctuated between $6.56 and $16.36 over the past year. Currently, Wall Street analysts expect the stock to reach $33.73 within the next 12 months. Upwork Inc [NASDAQ: UPWK] shares were valued at $11.94 at the most recent close of the market. An investor can expect a potential return of 182.5% based on the average UPWK price forecast.
Analyzing the UPWK fundamentals
Upwork Inc [NASDAQ:UPWK] reported sales of 689.14M for the trailing twelve months, which represents a growth of 13.93%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.74 points at the first support level, and at 11.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.08, and for the 2nd resistance point, it is at 12.21.
Upwork Inc [UPWK] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.03 and a surprise factor of 17.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.1 per share, a difference of $0.11 representing a surprise of 110.00%.
Ratios To Look Out For
For context, Upwork Inc’s Current Ratio is 3.01. In addition, the Quick Ratio stands at 3.01 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 4.30 and price to earnings (TTM) ratio is 213.98.
Transactions by insiders
Recent insider trading involved Marie Olivier, Chief Accounting Officer, that happened on Mar 18 ’24 when 967.0 shares were sold. President & CEO, Brown Hayden completed a deal on Mar 15 ’24 to sell 20000.0 shares. Meanwhile, Chief Accounting Officer Marie Olivier sold 1491.0 shares on Feb 22 ’24.
