On January 24, 2023, Upwork Inc. (NASDAQ: UPWK) opened at $12.72, lower -3.27% from the last session. During the day, the shares moved up to $13.11 and dropped to $12.25 before settling in for the closing price of $12.86. Price fluctuations for UPWK have ranged from $9.79 to $29.92 over the past 52 weeks.
Industrials Sector giant saw their annual sales surged by 25.00% over the last five years. Company’s average yearly earnings per share was noted -129.60% at the time writing. With a float of $120.43 million, this company’s outstanding shares have now reached $130.83 million.
The firm has a total of 650 workers. Let’s measure their productivity. In terms of profitability, gross margin is +72.91, operating margin of -10.63, and the pretax margin is -11.16.
Upwork Inc. (UPWK) Breakdown of a Key Holders of the stock
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 0.80%, while institutional ownership is 76.00%. The most recent insider transaction that took place on Jan 18, was worth 3,188. In this transaction Chief Accounting Officer of this company sold 253 shares at a rate of $12.60, taking the stock ownership to the 10,232 shares. Before that another transaction happened on Dec 19, when Company’s Chief Accounting Officer sold 968 for $10.71, making the entire transaction worth $10,370. This insider now owns 9,894 shares in total.
Upwork Inc. (UPWK) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted -$0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.08) by $0.05. 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 -0.03 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 3.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.03 in one year’s time.
Technical Analysis of Upwork Inc. (UPWK)
Analysing the last 5-days average volume posted by the [Upwork Inc., UPWK], we can find that recorded value of 1.06 million was lower than the volume posted last year of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 76.72%. Additionally, its Average True Range was 0.55.
During the past 100 days, Upwork Inc.’s (UPWK) raw stochastic average was set at 30.17%, which indicates a significant decrease from 71.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.23% in the past 14 days, which was lower than the 63.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.79, while its 200-day Moving Average is $16.43. Now, the first resistance to watch is $12.95. This is followed by the second major resistance level at $13.46. The third major resistance level sits at $13.81. If the price goes on to break the first support level at $12.09, it is likely to go to the next support level at $11.74. Now, if the price goes above the second support level, the third support stands at $11.23.
Upwork Inc. (NASDAQ: UPWK) Key Stats
There are currently 131,342K shares outstanding in the company with a market cap of 1.60 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 158,640 K and its income totaled -24,830 K.