As of Friday close, Udemy Inc.’s (NASDAQ:UDMY) stock was up $0.15, moving up 1.46 percent to $10.42. The average number of shares traded per day over the past five days has been 581,680 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.70 fall in that time frame. In the last twenty days, the average volume was 505,760, while in the previous 50 days, it was 522,234.
Since last month, UDMY stock retreated -6.13%. Shares of the company fell to $10.06 on 08/16/23, the lowest level in the past month. A 52-week high of $17.26 was reached on 02/08/23 after having rallying from a 52-week low of $8.17. Since the beginning of this year, UDMY’s stock price has dropped by -1.23% or -$0.13, and marked a new high 14 times. However, the stock has declined by -39.63% since its 52-week high.
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UDMY stock investors should be aware that Udemy Inc. (UDMY) stock had its last reported insider trading activity 12 days ago on Aug 07. Bali Eren, the Director of the company, disposed of 15,000 shares for $10.51 on Aug 07. It resulted in a $157,650 divestment by the insider. Bali Eren sold 15,000 shares at an average price of $10.68 on Jul 03. The insider now owns 1,785,238 shares following the transaction. On Jun 15, President and CEO Brown Gregory Scott sold 7,668 shares at $10.65 apiece. The transaction was valued at $81,664.
Valuation Metrics
The stock’s beta is 1.80. Besides these, the trailing price-to-sales (P/S) ratio of 2.24, the price-to-book (PB) ratio of 4.63.
Financial Health
In the three months ended June 29, Udemy Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 56.40% percent. In the year ended June 29, EBITDA margin amounted to -19.63%, whereas operating margins totaled -25.40%. Based on annual data, UDMY earned $353.78 million in gross profit and brought in $629.1 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -44.40%. Return on equity (ROE) for the past 12 months was -50.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UDMY’s revenue rose 13.64% to $176.43 million during the quarter, while net income inched up to $177.3 million. While analysts expected Udemy Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by 85.70%. During the quarter, the company generated -$10.04 million in EBITDA. The liabilities of Udemy Inc. were 389.02 million at the end of its most recent quarter ended June 29, and its total debt was $10.36 million. The value of shareholders’ equity is $150.39 million.
Technical Picture
This quick technical analysis looks at Udemy Inc.’s (UDMY) price momentum. With a historical volatility rate of 47.08%, the RSI 9-day stood at 40.52% on 18 August.
With respect to its five-day moving average, the current Udemy Inc. price is down by -6.29% percent or -$0.70. At present, UDMY shares trade -3.52% below its 20-day simple moving average and +21.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.79% below its SMA50 and -28.38% below its SMA200.
Stochastic coefficient K was 13.91% and Stochastic coefficient D was 13.52%, while ATR was 0.46. Given the Stochastic reading of 20.76% for the 14-day period, the RSI (14) reading has been calculated as 43.59%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.51.
Analyst Ratings
Udemy Inc. downgraded its rating on Udemy Inc. (NASDAQ: UDMY) to a Neutral in a note to investors on July 18, 2022. The analysts firm previously had an Overweight rating on the stock.Udemy Inc. (UDMY) has been rated Overweight by analysts. According to 0 brokerage firms, UDMY is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Udemy Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.00 – $22.00. Based on these forecasts, analysts predict Udemy Inc. (UDMY) will achieve an average price target of $13.40.
