On Monday, Upwork Inc (NASDAQ: UPWK) opened lower -2.50% from the last session, before settling in for the closing price of $10.02. Price fluctuations for UPWK have ranged from $8.43 to $16.36 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 22.39% over the last five years. Company’s average yearly earnings per share was noted 80.61% at the time writing. With a float of $118.68 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. In terms of profitability, gross margin is 76.18%, operating margin of 6.82%, and the pretax margin is 10.25%.
Upwork Inc (UPWK) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Upwork Inc is 10.09%, while institutional ownership is 77.79%. The most recent insider transaction that took place on Aug 20 ’24, was worth 15,313. In this transaction Chief Accounting Officer of this company sold 1,622 shares at a rate of $9.44, taking the stock ownership to the 10,079 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Chief Accounting Officer sold 1,005 for $9.65, making the entire transaction worth $9,696. This insider now owns 11,701 shares in total.
Upwork Inc (UPWK) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.21 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.1) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.61% 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 3.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73. Likewise, its price to free cash flow for the trailing twelve months is 21.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.08 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 2.68 million was better than the volume posted last year of 2.16 million. As of the previous 9 days, the stock’s Stochastic %D was 70.69%. Additionally, its Average True Range was 0.54.
During the past 100 days, Upwork Inc’s (UPWK) raw stochastic average was set at 27.59%, which indicates a significant decrease from 46.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.63% in the past 14 days, which was higher than the 43.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.66, while its 200-day Moving Average is $12.45. Now, the first resistance to watch is $10.01. This is followed by the second major resistance level at $10.26. The third major resistance level sits at $10.39. If the price goes on to break the first support level at $9.63, it is likely to go to the next support level at $9.50. Now, if the price goes above the second support level, the third support stands at $9.25.
Upwork Inc (NASDAQ: UPWK) Key Stats
There are currently 133,118K shares outstanding in the company with a market cap of 1.29 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 193,130 K and its income totaled 22,220 K.
