On Monday, Upwork Inc (NASDAQ: UPWK) opened lower -3.70% from the last session, before settling in for the closing price of $11.63. Price fluctuations for UPWK have ranged from $6.56 to $16.36 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 22.39%. Company’s average yearly earnings per share was noted 53.30% at the time writing. With a float of $122.01 million, this company’s outstanding shares have now reached $137.27 million.
The extent of productivity of a business whose workforce counts for 800 workers is very important to gauge.
Upwork Inc (UPWK) Insider Updates
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 11.20%, while institutional ownership is 80.53%. The most recent insider transaction that took place on Mar 18 ’24, was worth 11,799. In this transaction Chief Accounting Officer of this company sold 967 shares at a rate of $12.20, taking the stock ownership to the 7,196 shares. Before that another transaction happened on Mar 15 ’24, when Company’s President & CEO sold 20,000 for $12.07, making the entire transaction worth $241,426. This insider now owns 1,145,980 shares in total.
Upwork Inc (UPWK) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 44.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 53.30% 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 3.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.23. Likewise, its price to free cash flow for the trailing twelve months is 110.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.06, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.96 in one year’s time.
Technical Analysis of Upwork Inc (UPWK)
The latest stats from [Upwork Inc, UPWK] show that its last 5-days average volume of 1.71 million was inferior to 2.02 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.00%. Additionally, its Average True Range was 0.42.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 1.24%, which indicates a significant decrease from 4.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.39% in the past 14 days, which was lower than the 44.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.84, while its 200-day Moving Average is $12.87. Now, the first resistance to watch is $11.62. This is followed by the second major resistance level at $12.04. The third major resistance level sits at $12.29. If the price goes on to break the first support level at $10.96, it is likely to go to the next support level at $10.71. Assuming the price breaks the second support level, the third support level stands at $10.29.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are currently 137,393K shares outstanding in the company with a market cap of 1.54 billion. Presently, the company’s annual sales total 689,140 K according to its annual income of 46,890 K. Last quarter, the company’s sales amounted to 183,930 K and its income totaled 17,370 K.
