At the time of writing, Udemy Inc [UDMY] stock is trading at $8.46, up 2.42%. 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 UDMY shares have gain 2.05% over the last week, with a monthly amount glided 13.71%, 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 September 27, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $7.50 from $10. Previously, Canaccord Genuity started tracking the stock with Buy rating on August 08, 2024, and set its price target to $12. On August 01, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $8.50 on the stock. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $11 on July 18, 2022. Cantor Fitzgerald started tracking with a Overweight rating for this stock on March 30, 2022, and assigned it a price target of $22. In a note dated March 17, 2022, Berenberg initiated an Buy rating and provided a target price of $30 on this stock.
For the past year, the stock price of Udemy Inc fluctuated between $6.67 and $16.01. Currently, Wall Street analysts expect the stock to reach $15.36 within the next 12 months. Udemy Inc [NASDAQ: UDMY] shares were valued at $8.46 at the most recent close of the market. An investor can expect a potential return of 81.56% based on the average UDMY price forecast.
Analyzing the UDMY fundamentals
According to Udemy Inc [NASDAQ:UDMY], the company’s sales were 765.47M for trailing twelve months, which represents an 9.04% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 8.21 points at the first support level, and at 7.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.62, and for the 2nd resistance point, it is at 8.77.
Ratios To Look Out For
It is important to note that Udemy Inc [NASDAQ:UDMY] has a current ratio of 1.28. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 5.09.
Transactions by insiders
Recent insider trading involved GREGORY SCOTT BROWN, Director, that happened on Oct 29 ’24 when 10000.0 shares were purchased. Officer, VELAYUDHAN PILLAI VENUGOPAL completed a deal on Sep 05 ’24 to buy 20027.0 shares. Meanwhile, Officer VELAYUDHAN PILLAI VENUGOPAL bought 28207.0 shares on Aug 30 ’24.
