At the last check on Friday, Upwork Inc.’s (NASDAQ:UPWK) stock was up $0.18, moving up 1.25 percent to $14.99. The average number of shares traded per day over the past five days has been 1,843,386 shares. 3 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 2,384,557, while in the previous 50 days, it was 2,360,959.
Since last month, UPWK stock rose 4.28%. Shares of the company fell to $9.68 on 08/02/23, the lowest level in the past month. A 52-week high of $18.58 was reached on 08/04/23 after having rallying from a 52-week low of $6.56. Since the beginning of this year, UPWK’s stock price has risen by 43.63% or $4.52, and marked a new high 15 times. However, the stock has declined by -19.27% since its 52-week high.
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UPWK stock investors should be aware that Upwork Inc. (UPWK) stock had its last reported insider trading activity 1 day ago on Aug 31. Marie Olivier, the Chief Accounting Officer of the company, disposed of 5,835 shares for $15.20 on Aug 31. It resulted in a $88,692 divestment by the insider. Marie Olivier sold 9,530 shares at an average price of $14.34 on Aug 29. The insider now owns 9,148 shares following the transaction. On Aug 18, President & CEO Brown Hayden sold 22,520 shares at $13.86 apiece. The transaction was valued at $312,125.
Valuation Metrics
The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 3.11, the price-to-book (PB) ratio of 6.55, and the price-to-cash flow ratio of 777.89 may also be considered.
Financial Health
In the three months ended June 30, Upwork Inc.’s quick ratio stood at 3.10, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 1.16, and the total debt-to-equity ratio was 1.16. On the profitability front, the trailing twelve-month gross margin is 74.90% percent. In the year ended June 30, EBITDA margin amounted to -13.06%, whereas operating margins totaled -5.90%. Based on annual data, UPWK earned $457.92 million in gross profit and brought in $618.32 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 -11.50%. Return on equity (ROE) for the past 12 months was -10.40%.
In Upwork Inc.’s quarter-end financial report for June 30, it reported total debt of $355.17 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UPWK’s revenue rose 6.95% to $160.86 million during the quarter, while net income inched up to $168.61 million. While analysts expected Upwork Inc. to report $0 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated -$5.66 million in EBITDA. The liabilities of Upwork Inc. were 623.65 million at the end of its most recent quarter ended June 30, and its total debt was $369.98 million. The value of shareholders’ equity is $134.88 million.
Technical Picture
This quick technical analysis looks at Upwork Inc.’s (UPWK) price momentum. With a historical volatility rate of 62.61%, the RSI 9-day stood at 62.03% on 31 August.
With respect to its five-day moving average, the current Upwork Inc. price is up by +1.42% percent or $0.21. At present, UPWK shares trade +1.08% above its 20-day simple moving average and +46.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +63.68% above its SMA50 and +5.72% above its SMA200.
Stochastic coefficient K was 66.79% and Stochastic coefficient D was 59.74%, while ATR was 0.75. Given the Stochastic reading of 68.63% for the 14-day period, the RSI (14) reading has been calculated as 63.45%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.43.
Analyst Ratings
Upwork Inc. downgraded its rating on Upwork Inc. (NASDAQ: UPWK) to a Neutral in a note to investors on August 28, 2023. The analysts firm previously had a Buy rating on the stock.Upwork Inc. (UPWK) has been rated Overweight by analysts. According to 0 brokerage firms, UPWK is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Upwork Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $11.00 – $18.00. Based on these forecasts, analysts predict Upwork Inc. (UPWK) will achieve an average price target of $14.56.
