Upwork Inc [UPWK] stock prices are up 6.60% to $16.56 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The UPWK shares have gain 4.98% over the last week, with a monthly amount glided 3.66%, and seem to be holding up well over a long-time horizon.
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.
The stock price of Upwork Inc [UPWK] has been fluctuating between $8.43 and $18.14 over the past year. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Upwork Inc [NASDAQ: UPWK] shares were valued at $16.56 at the most recent close of the market. An investor can expect a potential drop of -12.44% based on the average UPWK price forecast.
Analyzing the UPWK fundamentals
The Upwork Inc [NASDAQ:UPWK] reported sales of 769.33M for trailing twelve months, representing a surge of 4.10%. 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 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.51 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 15.59 points at the first support level, and at 14.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.12, and for the 2nd resistance point, it is at 17.68.
Ratios To Look Out For
It’s worth pointing out that Upwork Inc [NASDAQ:UPWK]’s Current Ratio is 3.39. As well, the Quick Ratio is 3.18, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 5.38 and price to earnings (TTM) ratio is 10.80.
Transactions by insiders
Recent insider trading involved Marie Olivier, Chief Accounting Officer, that happened on Jan 21 ’25 when 257.0 shares were sold. Director, NELSON ELIZABETH A completed a deal on Dec 18 ’24 to sell 75000.0 shares. Meanwhile, Chief Accounting Officer Marie Olivier sold 2601.0 shares on Dec 19 ’24.
