A share price of Upwork Inc [UPWK] is currently trading at $16.83, up 0.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UPWK shares have gain 12.73% over the last week, with a monthly amount glided 33.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BTIG Research upgraded its rating to Buy on May 02, 2024, and kept the price target unchanged to $16. On January 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $20 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $13 on October 04, 2023. BTIG Research downgraded its rating to a Neutral. BTIG Research reiterated a Buy rating for this stock on June 30, 2023, and downed its price target to $13. In a note dated May 04, 2023, BofA Securities downgraded an Neutral rating on this stock but restated the target price of $9.
Upwork Inc experienced fluctuations in its stock price throughout the past year between $8.43 and $17.79. Currently, Wall Street analysts expect the stock to reach $26.67 within the next 12 months. Upwork Inc [NASDAQ: UPWK] shares were valued at $16.83 at the most recent close of the market. An investor can expect a potential return of 58.47% based on the average UPWK price forecast.
Analyzing the UPWK fundamentals
Trailing Twelve Months sales for Upwork Inc [NASDAQ:UPWK] were 761.78M which represents 10.27% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.23 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 16.49 points at the first support level, and at 16.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.01, and for the 2nd resistance point, it is at 17.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Upwork Inc [NASDAQ:UPWK] is 3.18. Also, the Quick Ratio is 3.18, while the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 5.46 and price to earnings (TTM) ratio is 27.01.
Transactions by insiders
Recent insider trading involved Marie Olivier, Chief Accounting Officer, that happened on Nov 19 ’24 when 1649.0 shares were sold. Chief Accounting Officer, Marie Olivier completed a deal on Nov 18 ’24 to sell 978.0 shares. Meanwhile, Chief Financial Officer Gessert Erica sold 19816.0 shares on Nov 18 ’24.
