Udemy Inc [UDMY] stock is trading at $10.22, up 3.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UDMY shares have gain 3.34% over the last week, with a monthly amount drifted -9.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Piper Sandler downgraded its rating to Neutral on July 18, 2022, and dropped its price target to $11. On March 30, 2022, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $22 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $30 on March 17, 2022. William Blair initiated its recommendation with a Outperform. Truist started tracking with a Buy rating for this stock on November 23, 2021, and assigned it a price target of $42. In a note dated November 23, 2021, Robert W. Baird initiated an Outperform rating and provided a target price of $42 on this stock.
Udemy Inc [UDMY] stock has fluctuated between $8.17 and $16.01 over the past year. Currently, Wall Street analysts expect the stock to reach $19.4 within the next 12 months. Udemy Inc [NASDAQ: UDMY] shares were valued at $10.22 at the most recent close of the market. An investor can expect a potential return of 89.82% based on the average UDMY price forecast.
Analyzing the UDMY fundamentals
Udemy Inc [NASDAQ:UDMY] reported sales of 728.94M for the trailing twelve months, which represents a growth of 14.65%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.32 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 10.02 points at the first support level, and at 9.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.34, and for the 2nd resistance point, it is at 10.47.
Ratios To Look Out For
For context, Udemy Inc’s Current Ratio is 1.56. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 4.50.
Transactions by insiders
Recent insider trading involved Bali Eren, Director, that happened on Apr 01 ’24 when 15000.0 shares were sold. Director, Bali Eren completed a deal on Mar 15 ’24 to sell 15000.0 shares. Meanwhile, President and CEO Brown Gregory Scott sold 10000.0 shares on Mar 06 ’24.
