Upwork Inc (NASDAQ: UPWK) is -16.07% lower on its value in year-to-date trading and has touched a low of $6.56 and a high of $16.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UPWK stock was last observed hovering at around $12.01 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $12.48, the stock is -2.61% and -9.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 3.91% at the moment leaves the stock -0.89% off its SMA200. UPWK registered 22.11% gain for a year compared to 6-month gain of -1.27%. The firm has a 50-day simple moving average (SMA 50) of $2.22 and a 200-day simple moving average (SMA200) of $1.05k.
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The stock witnessed a -1.58% loss in the last 1 month and extending the period to 3 months gives it a -19.43%, and is -0.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.06% over the week and 3.50% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $1.71B and $689.14M in sales. Current P/E ratio is 223.66 and Fwd P/E is 13.09. Profit margin for the company is 6.80%. Distance from 52-week low is 90.24% and -23.72% from its 52-week high. The company has generated returns on investments over the last 12 months (6.31%).
Upwork Inc quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $186.1M over the same period.The EPS is expected to grow by 51.93% this year, but quarterly earnings will post 12.20% year-over-year. Quarterly sales are estimated to grow 17.10% in year-over-year returns.
347 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 88.85% of the company’s shares. The shares outstanding are 137.27M, and float is at 122.03M with Short Float at 6.85%. Institutions hold 81.40% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.86 million shares valued at $129.48 million. The investor’s holdings represent 10.28% of the UPWK Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.09 million shares valued at $84.88 million to account for 6.74% of the shares outstanding. The other top investors are Capital International Investors which holds 7.57 million shares representing 5.61% and valued at over $70.7 million, while Baillie Gifford and Company holds 5.13% of the shares totaling 6.92 million with a market value of $64.6 million.
Upwork Inc (UPWK) Insider Activity
The most recent transaction is an insider sale by Marie Olivier, the company’s Chief Accounting Officer. SEC filings show that Marie Olivier sold 967 shares of the company’s common stock on Mar 18 ’24 at a price of $12.20 per share for a total of $11799.0. Following the sale, the insider now owns 7196.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Brown Hayden (President & CEO) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $12.07 per share for $0.24 million. Following the transaction, the insider now directly holds 1.15 million shares of the UPWK stock.
Still, SEC filings show that on Feb 22 ’24, Marie Olivier (Chief Accounting Officer) disposed off 1,491 shares at an average price of $13.03 for $19428.0. The insider now directly holds 5,528 shares of Upwork Inc (UPWK).
