On Tuesday, Upwork Inc (NASDAQ: UPWK) was 0.43% up from the session before settling in for the closing price of $11.50. A 52-week range for UPWK has been $9.56 – $16.36.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Communication Services Sector giant saw their annual sales surged by 22.39% over the last five years. When this article was written, the company’s average yearly earnings per share was at 80.80%. With a float of $119.25 million, this company’s outstanding shares have now reached $137.27 million.
The firm has a total of 800 workers. Let’s measure their productivity.
Upwork Inc (UPWK) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Upwork Inc stocks. The insider ownership of Upwork Inc is 10.06%, while institutional ownership is 74.94%. The most recent insider transaction that took place on Jul 18 ’24, was worth 2,565. In this transaction Chief Accounting Officer of this company sold 225 shares at a rate of $11.40, taking the stock ownership to the 10,445 shares. Before that another transaction happened on Jun 20 ’24, when Company’s President & CEO sold 9,541 for $10.22, making the entire transaction worth $97,476. This insider now owns 1,164,021 shares in total.
Upwork Inc (UPWK) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 80.80% 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 2.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.13. Likewise, its price to free cash flow for the trailing twelve months is 53.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.34, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.13 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 1.78 million was lower than the volume posted last year of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 28.75%. Additionally, its Average True Range was 0.37.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 45.31%, which indicates a significant decrease from 52.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.76% in the past 14 days, which was lower than the 32.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.98, while its 200-day Moving Average is $12.53. Now, the first resistance to watch is $11.69. This is followed by the second major resistance level at $11.84. The third major resistance level sits at $11.98. If the price goes on to break the first support level at $11.40, it is likely to go to the next support level at $11.26. Should the price break the second support level, the third support level stands at $11.11.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are 133,118K outstanding shares of the company, which has a market capitalization of 1.53 billion. As of now, sales total 689,140 K while income totals 46,890 K. Its latest quarter income was 190,940 K while its last quarter net income were 18,440 K.
