Upwork Inc (NASDAQ: UPWK) is -17.92% 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 $13.21 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $13.42, the stock is -7.07% and -13.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 1.59% at the moment leaves the stock 3.02% off its SMA200. UPWK registered 12.21% gain for a year compared to 6-month gain of 32.61%. The firm has a 50-day simple moving average (SMA 50) of $15.463 and a 200-day simple moving average (SMA200) of $13.02725.
The stock witnessed a -20.45% loss in the last 1 month and extending the period to 3 months gives it a -20.54%, and is -1.03% 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 4.92% over the week and 5.16% over the month.
Upwork Inc (UPWK) has around 600 employees, a market worth around $1.82B and $769.33M in sales. Current P/E ratio is 8.76 and Fwd P/E is 10.11. Profit margin for the company is 28.02%. Distance from 52-week low is 59.29% and -26.02% from its 52-week high. The company has generated returns on investments over the last 12 months (22.86%).
The EPS is expected to grow by 5.74% this year
354.0 institutions hold shares in Upwork Inc (UPWK), with institutional investors hold 89.72% of the company’s shares. The shares outstanding are 135.35M, and float is at 122.57M with Short Float at 9.04%. Institutions hold 83.03% 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 5.5842 and valued at over $$78.9 million, while BAILLIE GIFFORD & CO holds 2.7519 of the shares totaling 3.62 million with a market value of $$38.88 million.
Upwork Inc (UPWK) Insider Activity
Still, SEC filings show that on Mar 18 ’25, ERICA GESSERT (Officer) Proposed Sale 4,316 shares at an average price of $13.07 for $56407.0. The insider now directly holds shares of Upwork Inc (UPWK).
