Upwork Inc [UPWK] stock is trading at $11.70, down -0.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UPWK shares have gain 2.90% over the last week, with a monthly amount drifted -4.18%, and not seem to be holding up well over a long-time horizon.
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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 $11.70 at the most recent close of the market. An investor can expect a potential return of 188.29% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 11.61 points at the first support level, and at 11.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.84, and for the 2nd resistance point, it is at 11.97.
Upwork Inc [UPWK] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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. Further, the Quick Ratio stands at 3.01, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 4.21 and price to earnings (TTM) ratio is 209.68.
Transactions by insiders
Recent insider trading involved Marie Olivier, Chief Accounting Officer, that happened on Apr 18 ’24 when 223.0 shares were sold. Chief Accounting Officer, Marie Olivier completed a deal on Mar 18 ’24 to sell 967.0 shares. Meanwhile, President & CEO Brown Hayden sold 20000.0 shares on Mar 15 ’24.
