Currently, Udemy Inc [UDMY] is trading at $8.89, up 1.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UDMY shares have gain 13.39% over the last week, with a monthly amount glided 19.81%, 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.
This stock has fluctuated between a low of $6.67 and a high of $16.01 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.81 within the next 12 months. Udemy Inc [NASDAQ: UDMY] shares were valued at $8.89 at the most recent close of the market. An investor can expect a potential return of 66.59% based on the average UDMY price forecast.
Analyzing the UDMY fundamentals
Trailing Twelve Months sales for Udemy Inc [NASDAQ:UDMY] were 776.17M which represents 5.79% growth. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.35 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 8.68 points at the first support level, and at 8.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.03, and for the 2nd resistance point, it is at 9.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Udemy Inc [NASDAQ:UDMY] is 1.15. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 6.64.
Transactions by insiders
Recent insider trading involved Bali Eren, Chief Technology Officer, that happened on Nov 06 ’24 when 35518.0 shares were sold. Director, EREN BALI completed a deal on Nov 06 ’24 to buy 75000.0 shares. Meanwhile, Officer VELAYUDHAN PILLAI VENUGOPAL bought 100000.0 shares on Nov 06 ’24.
