At the time of writing, Upwork Inc [UPWK] stock is trading at $16.87, up 4.52%. 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 7.11% over the last week, with a monthly amount glided 3.05%, 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.
For the past year, the stock price of Upwork Inc fluctuated between $8.43 and $18.14. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Upwork Inc [NASDAQ: UPWK] shares were valued at $16.87 at the most recent close of the market. An investor can expect a potential drop of -14.05% based on the average UPWK price forecast.
Analyzing the UPWK fundamentals
According to Upwork Inc [NASDAQ:UPWK], the company’s sales were 769.33M for trailing twelve months, which represents an 4.10% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 16.13 points at the first support level, and at 15.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.24, and for the 2nd resistance point, it is at 17.62.
Ratios To Look Out For
It is important to note that Upwork Inc [NASDAQ:UPWK] has a current ratio of 3.39. As well, the Quick Ratio is 3.39, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 3.97 and price to earnings (TTM) ratio is 11.01.
Transactions by insiders
Recent insider trading involved ERICA GESSERT, Officer, that happened on Feb 18 ’25 when 13765.0 shares were purchased. Officer, DAVID BOTTOMS completed a deal on Feb 18 ’25 to buy 1543.0 shares. Meanwhile, Officer HAYDEN BROWN bought 21122.0 shares on Feb 18 ’25.
