A share price of Udemy Inc [UDMY] is currently trading at $8.18, up 0.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UDMY shares have gain 5.28% over the last week, with a monthly amount drifted -9.01%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Udemy Inc [NASDAQ: UDMY] stock has seen the most recent analyst activity on August 08, 2024, when Canaccord Genuity initiated its Buy rating and assigned the stock a price target of $12. Previously, BofA Securities downgraded its rating to Neutral on August 01, 2024, and kept the price target unchanged to $8.50. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $11 on July 18, 2022. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $22 as its price target on March 30, 2022. Berenberg started tracking with a Buy rating for this stock on March 17, 2022, and assigned it a price target of $30. In a note dated November 23, 2021, William Blair initiated an Outperform rating.
Udemy Inc experienced fluctuations in its stock price throughout the past year between $6.67 and $16.01. Currently, Wall Street analysts expect the stock to reach $16.71 within the next 12 months. Udemy Inc [NASDAQ: UDMY] shares were valued at $8.18 at the most recent close of the market. An investor can expect a potential return of 104.28% based on the average UDMY price forecast.
Analyzing the UDMY fundamentals
Trailing Twelve Months sales for Udemy Inc [NASDAQ:UDMY] were 765.47M which represents 9.04% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.28 and Total Capital is -0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 8.08 points at the first support level, and at 7.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.28, and for the 2nd resistance point, it is at 8.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Udemy Inc [NASDAQ:UDMY] is 1.28. As well, the Quick Ratio is 1.37, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 4.24.
Transactions by insiders
Recent insider trading involved VELAYUDHAN PILLAI VENUGOPAL, Officer, that happened on Aug 26 ’24 when 30000.0 shares were purchased. Chief Financial Officer, Blanchard Sarah completed a deal on Aug 21 ’24 to sell 45000.0 shares. Meanwhile, Chief Technology Officer Venugopal Venu sold 1000.0 shares on Aug 01 ’24.
