On Monday, Upwork Inc (NASDAQ: UPWK) was 0.90% up from the session before settling in for the closing price of $11.13. A 52-week range for UPWK has been $6.56 – $16.36.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 22.39%. When this article was written, the company’s average yearly earnings per share was at 53.02%. With a float of $122.05 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Upwork Inc stocks. The insider ownership of Upwork Inc is 11.17%, while institutional ownership is 80.36%. The most recent insider transaction that took place on Apr 18 ’24, was worth 2,497. In this transaction Chief Accounting Officer of this company sold 223 shares at a rate of $11.20, taking the stock ownership to the 7,565 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Chief Accounting Officer sold 967 for $12.20, making the entire transaction worth $11,799. This insider now owns 7,196 shares in total.
Upwork Inc (UPWK) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 53.02% per share during the next fiscal year.
Upwork Inc (NASDAQ: UPWK) Trading Performance Indicators
You can see what Upwork Inc (UPWK) is doing with its current performance indicators. In the most recent 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 2.24. Likewise, its price to free cash flow for the trailing twelve months is 111.24.
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 1.62 million was inferior to 2.0 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.39%. Additionally, its Average True Range was 0.38.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 4.65%, which indicates a significant decrease from 17.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.87% in the past 14 days, which was lower than the 43.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.57, while its 200-day Moving Average is $12.92. Now, the first resistance to watch is $11.34. This is followed by the second major resistance level at $11.44. The third major resistance level sits at $11.55. If the price goes on to break the first support level at $11.13, it is likely to go to the next support level at $11.02. The third support level lies at $10.92 if the price breaches the second support level.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are 137,393K outstanding shares of the company, which has a market capitalization of 1.54 billion. As of now, sales total 689,140 K while income totals 46,890 K. Its latest quarter income was 183,930 K while its last quarter net income were 17,370 K.
