Udemy Inc (NASDAQ: UDMY) is -44.81% lower on its value in year-to-date trading and has touched a low of $6.67 and a high of $16.01 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 UDMY stock was last observed hovering at around $8.03 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $8.13, the stock is 1.18% and 1.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 1.25% at the moment leaves the stock -21.69% off its SMA200. UDMY registered -9.36% loss for a year compared to 6-month loss of -26.62%. The firm has a 50-day simple moving average (SMA 50) of $7.9968 and a 200-day simple moving average (SMA200) of $10.347325.
The stock witnessed a 0.87% gain in the last 1 month and extending the period to 3 months gives it a -3.79%, and is -2.17% 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 2.55% over the week and 3.35% over the month.
Udemy Inc (UDMY) has around 1443 employees, a market worth around $1.22B and $765.47M in sales. Fwd P/E is 26.44. Profit margin for the company is -11.39%. Distance from 52-week low is 21.89% and -49.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.45%).
The EPS is expected to grow by 160.37% this year
196.0 institutions hold shares in Udemy Inc (UDMY), with institutional investors hold 90.43% of the company’s shares. The shares outstanding are 157.17M, and float is at 77.97M with Short Float at 10.01%. Institutions hold 85.30% of the Float.
The top institutional shareholder in the company is INSIGHT HOLDINGS GROUP, LLC with over 38.03 million shares valued at $328.22 million. The investor’s holdings represent 24.2908 of the UDMY Shares outstanding. As of 2024-06-30, the second largest holder is NASPERS LTD with 17.12 million shares valued at $147.75 million to account for 10.9349 of the shares outstanding. The other top investors are CALEDONIA (PRIVATE) INVESTMENTS PTY LTD which holds 11.27 million shares representing 7.1984 and valued at over $97.27 million, while VANGUARD GROUP INC holds 6.226 of the shares totaling 9.75 million with a market value of $84.13 million.
Udemy Inc (UDMY) Insider Activity
Still, SEC filings show that on Aug 29 ’24, VELAYUDHAN PILLAI VENUGOPAL (Officer) Proposed Sale 25,000 shares at an average price of $8.23 for $0.21 million. The insider now directly holds shares of Udemy Inc (UDMY).
