On June 22, 2022, Upwork Inc. (NASDAQ: UPWK) opened at $18.77, higher 6.64% from the last session. During the day, the shares moved up to $20.60 and dropped to $18.6451 before settling in for the closing price of $19.14. Price fluctuations for UPWK have ranged from $14.85 to $64.49 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 25.00% over the past five years. Company’s average yearly earnings per share was noted -129.60% at the time writing. With a float of $118.00 million, this company’s outstanding shares have now reached $129.36 million.
Let’s look at the performance matrix of the company that is accounted for 650 employees. In terms of profitability, gross margin is +72.91, operating margin of -10.63, and the pretax margin is -11.16.
Upwork Inc. (UPWK) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Staffing & Employment Services industry is another important factor to consider. The insider ownership of Upwork Inc. is 1.00%, while institutional ownership is 81.10%. The most recent insider transaction that took place on Jun 21, was worth 586,548. In this transaction President & CEO of this company sold 30,455 shares at a rate of $19.26, taking the stock ownership to the 833,489 shares. Before that another transaction happened on Jun 02, when Company’s Director sold 3,896 for $20.06, making the entire transaction worth $78,150. This insider now owns 39,210 shares in total.
Upwork Inc. (UPWK) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2022, the company posted -$0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.14) by $0.11. This company achieved a net margin of -11.19 while generating a return on equity of -20.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -129.60% per share during the next fiscal year.
Upwork Inc. (NASDAQ: UPWK) Trading Performance Indicators
Check out the current performance indicators for Upwork Inc. (UPWK). In the past quarter, the stock posted a quick ratio of 3.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.57, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach 0.22 in one year’s time.
Technical Analysis of Upwork Inc. (UPWK)
Upwork Inc. (NASDAQ: UPWK) saw its 5-day average volume 1.38 million, a negative change from its year-to-date volume of 1.57 million. As of the previous 9 days, the stock’s Stochastic %D was 79.10%. Additionally, its Average True Range was 1.35.
During the past 100 days, Upwork Inc.’s (UPWK) raw stochastic average was set at 36.88%, which indicates a significant decrease from 95.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.13% in the past 14 days, which was lower than the 85.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.04, while its 200-day Moving Average is $31.62. Nevertheless, the first resistance level for the watch stands at $21.12 in the near term. At $21.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.08. If the price goes on to break the first support level at $19.17, it is likely to go to the next support level at $17.93. The third support level lies at $17.22 if the price breaches the second support level.
Upwork Inc. (NASDAQ: UPWK) Key Stats
There are currently 129,651K shares outstanding in the company with a market cap of 2.53 billion. Presently, the company’s annual sales total 502,800 K according to its annual income of -56,240 K. Last quarter, the company’s sales amounted to 141,340 K and its income totaled -24,740 K.
