As of Thursday close, Upwork Inc.’s (NASDAQ:UPWK) stock was down -$0.96, moving down -7.63 percent to $11.63. The average number of shares traded per day over the past five days has been 2,326,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.83 fall in that time frame. In the last twenty days, the average volume was 2,173,625, while in the previous 50 days, it was 2,573,184.
Since last month, UPWK stock retreated -19.07%. Shares of the company fell to $11.62 on 09/21/23, the lowest level in the past month. A 52-week high of $15.89 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 11.40% or $1.19, and marked a new high 15 times. However, the stock has declined by -26.81% since its 52-week high.
UPWK stock investors should be aware that Upwork Inc. (UPWK) stock had its last reported insider trading activity 4 days ago on Sep 18. Brown Hayden, the President & CEO of the company, disposed of 28,457 shares for $12.73 on Sep 18. It resulted in a $362,138 divestment by the insider. Marie Olivier sold 962 shares at an average price of $12.73 on Sep 18. The insider now owns 4,986 shares following the transaction. On Aug 31, Chief Accounting Officer Marie Olivier sold 5,835 shares at $15.20 apiece. The transaction was valued at $88,692.
Valuation Metrics
The stock’s beta is 1.49. Besides these, the trailing price-to-sales (P/S) ratio of 2.46, the price-to-book (PB) ratio of 5.08, and the price-to-cash flow ratio of 614.73 may also be considered.
Financial Health
In the three months ended June 29, 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 29 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 29, 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 29, 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 29, 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 30.67%, the RSI 9-day stood at 18.38% on 21 September.
With respect to its five-day moving average, the current Upwork Inc. price is down by -13.60% percent or -$1.83. At present, UPWK shares trade -25.21% below its 20-day simple moving average and +21.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.37% above its SMA50 and -6.06% below its SMA200.
Stochastic coefficient K was 5.94% and Stochastic coefficient D was 6.88%, while ATR was 0.65. Given the Stochastic reading of 0.26% for the 14-day period, the RSI (14) reading has been calculated as 30.08%. As of today, the MACD Oscillator reading stands at -0.76, while the 14-day reading stands at -1.35.
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.
