Upwork Inc (NASDAQ: UPWK) is -36.85% lower on its value in year-to-date trading and has touched a low of $8.43 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 $9.68 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $9.39, the stock is -11.03% and -12.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.96 million and changing -3.00% at the moment leaves the stock -24.77% off its SMA200. UPWK registered -32.45% loss for a year compared to 6-month loss of -25.95%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -18.63% gain in the last 1 month and extending the period to 3 months gives it a -18.84%, and is 0.43% up 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 4.66% over the week and 5.72% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $1.24B and $743.73M in sales. Current P/E ratio is 17.45 and Fwd P/E is 8.69. Profit margin for the company is 10.00%. Distance from 52-week low is 11.45% and -42.60% from its 52-week high. The company has generated returns on investments over the last 12 months (10.29%).
with sales reaching $182.11M over the same period.The EPS is expected to grow by 80.61% this year, but quarterly earnings will post 7.40% year-over-year. Quarterly sales are estimated to grow 3.60% in year-over-year returns.
Upwork Inc (UPWK) Top Institutional Holders
350.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 86.33% of the company’s shares. The shares outstanding are 137.27M, and float is at 118.58M with Short Float at 12.09%. Institutions hold 80.11% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.0 million shares valued at $196.11 million. The investor’s holdings represent 11.7086 of the UPWK Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 9.43 million shares valued at $115.57 million to account for 6.9001 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 5.22 million shares representing 3.8241 and valued at over $64.05 million, while BAILLIE GIFFORD & CO holds 3.2562 of the shares totaling 4.45 million with a market value of $54.54 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 1,622 shares of the company’s common stock on Aug 20 ’24 at a price of $9.44 per share for a total of $15313.0. Following the sale, the insider now owns 10079.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Aug 19 ’24 that Marie Olivier (Chief Accounting Officer) sold a total of 1,005 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $9.65 per share for $9696.0. Following the transaction, the insider now directly holds 11701.0 shares of the UPWK stock.
Still, SEC filings show that on Aug 19 ’24, Brown Hayden (President & CEO) disposed off 31,506 shares at an average price of $9.65 for $0.3 million. The insider now directly holds 1,190,561 shares of Upwork Inc (UPWK).
