Udemy Inc [UDMY] stock is trading at $8.31, up 4.66%. 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 5.59% over the last week, with a monthly amount glided 5.86%, and 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 [UDMY] stock has fluctuated between $6.67 and $16.01 over the past year. Currently, Wall Street analysts expect the stock to reach $16.71 within the next 12 months. Udemy Inc [NASDAQ: UDMY] shares were valued at $8.31 at the most recent close of the market. An investor can expect a potential return of 101.08% based on the average UDMY price forecast.
Analyzing the UDMY fundamentals
Udemy Inc [NASDAQ:UDMY] reported sales of 765.47M for the trailing twelve months, which represents a growth of 9.04%. 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 8.14 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 8.41, and for the 2nd resistance point, it is at 8.52.
Ratios To Look Out For
For context, Udemy Inc’s Current Ratio is 1.28. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 4.30.
Transactions by insiders
Recent insider trading involved VELAYUDHAN PILLAI VENUGOPAL, Officer, that happened on Sep 05 ’24 when 20027.0 shares were purchased. Officer, VELAYUDHAN PILLAI VENUGOPAL completed a deal on Aug 30 ’24 to buy 28207.0 shares. Meanwhile, Officer VELAYUDHAN PILLAI VENUGOPAL bought 25000.0 shares on Aug 29 ’24.
