Upwork Inc (NASDAQ: UPWK) is -1.83% lower on its value in year-to-date trading and has touched a low of $8.43 and a high of $18.14 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 $15.98 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $16.05, the stock is -3.52% and 0.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 0.44% at the moment leaves the stock 31.88% off its SMA200. UPWK registered 2.49% gain for a year compared to 6-month gain of 48.89%. The firm has a 50-day simple moving average (SMA 50) of $15.9078 and a 200-day simple moving average (SMA200) of $12.1511.
The stock witnessed a -5.37% loss in the last 1 month and extending the period to 3 months gives it a 54.33%, and is -1.83% 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 3.74% over the week and 3.39% over the month.
Upwork Inc (UPWK) has around 800 employees, a market worth around $2.15B and $761.78M in sales. Current P/E ratio is 25.76 and Fwd P/E is 13.35. Profit margin for the company is 11.26%. Distance from 52-week low is 90.50% and -11.52% from its 52-week high. The company has generated returns on investments over the last 12 months (11.03%).
The EPS is expected to grow by 95.80% this year
309.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 89.40% of the company’s shares. The shares outstanding are 133.50M, and float is at 120.77M with Short Float at 9.89%. Institutions hold 82.62% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.33 million shares valued at $175.56 million. The investor’s holdings represent 11.9766 of the UPWK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.93 million shares valued at $106.72 million to account for 7.2808 of the shares outstanding. The other top investors are ANCIENT ART, L.P. which holds 7.34 million shares representing 5.3827 and valued at over $78.9 million, while BAILLIE GIFFORD & CO holds 2.6526 of the shares totaling 3.62 million with a market value of $38.88 million.
Upwork Inc (UPWK) Insider Activity
The most recent transaction is an insider sale by NELSON ELIZABETH A, the company’s Director. SEC filings show that NELSON ELIZABETH A sold 75,000 shares of the company’s common stock on Dec 18 ’24 at a price of $17.37 per share for a total of $1.3 million. Following the sale, the insider now owns 48915.0 shares.
Upwork Inc disclosed in a document filed with the SEC on Dec 19 ’24 that Marie Olivier (Chief Accounting Officer) sold a total of 2,601 shares of the company’s common stock. The trade occurred on Dec 19 ’24 and was made at $16.23 per share for $42206.0. Following the transaction, the insider now directly holds 1294.0 shares of the UPWK stock.
Still, SEC filings show that on Dec 18 ’24, Marie Olivier (Chief Accounting Officer) disposed off 1,448 shares at an average price of $17.11 for $24774.0. The insider now directly holds 3,895 shares of Upwork Inc (UPWK).
