Udemy Inc (NASDAQ: UDMY) is -51.32% 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 $7.33 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $7.17, the stock is -9.07% and -9.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -2.18% at the moment leaves the stock -29.57% off its SMA200. UDMY registered -23.80% loss for a year compared to 6-month loss of -31.58%. The firm has a 50-day simple moving average (SMA 50) of $7.876 and a 200-day simple moving average (SMA200) of $10.141275.
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The stock witnessed a -11.48% gain in the last 1 month and extending the period to 3 months gives it a -13.61%, and is -11.81% 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 4.00% over the week and 3.32% over the month.
Udemy Inc (UDMY) has around 1443 employees, a market worth around $1.08B and $765.47M in sales. Fwd P/E is 23.32. Profit margin for the company is -11.39%. Distance from 52-week low is 7.50% and -55.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.45%).
Udemy Inc quarterly earnings per share for the current quarter are estimated at 0.01 with sales reaching $192.69M over the same period.The EPS is expected to grow by 160.37% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 8.10% in year-over-year returns.
195.0 institutions hold shares in Udemy Inc (UDMY), with institutional investors hold 88.26% 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 85.28% 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).
