The key reasons why Upwork Inc (UPWK) is -42.97% away from 52-week high?

As on Wednesday, Upwork Inc (NASDAQ: UPWK) started slowly as it slid -4.50% to $9.33, before settling in for the price of $9.77 at the close. Taking a more long-term approach, UPWK posted a 52-week range of $8.43-$16.36.

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The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 22.39%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 80.61%. This publicly-traded company’s shares outstanding now amounts to $137.27 million, simultaneously with a float of $118.68 million. The organization now has a market capitalization sitting at $1.23 billion. At the time of writing, stock’s 50-day Moving Average stood at $10.62, while the 200-day Moving Average is $12.41.

Upwork Inc (UPWK) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Internet Content & Information industry. Upwork Inc’s current insider ownership accounts for 10.09%, in contrast to 77.72% institutional ownership. Preceding that transaction, on Aug 20 ’24, Company’s Chief Accounting Officer sold 1,622 for 9.44, making the whole transaction’s value amount to 15,313. This particular insider is now the holder of 10,079 in total.

Upwork Inc (UPWK) Earnings and Revenue Records

Upwork Inc’s EPS increase for this current 12-month fiscal period is 80.61% and is forecasted to reach 1.08 in the upcoming year.

Upwork Inc (NASDAQ: UPWK) Trading Performance Indicators

Let’s observe the current performance indicators for Upwork Inc (UPWK). It’s Quick Ratio in the last reported quarter now stands at 3.00. The Stock has managed to achieve an average true range (ATR) of 0.51. Alongside those numbers, its PE Ratio stands at $17.34, and its Beta score is 1.54. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.66. Similarly, its price to free cash flow for trailing twelve months is now 20.19.

In the same vein, UPWK’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.54, a figure that is expected to reach 0.24 in the next quarter, and analysts are predicting that it will be 1.08 at the market close of one year from today.

Technical Analysis of Upwork Inc (UPWK)

Through scrutinizing the latest numbers posted by the [Upwork Inc, UPWK], it can be observed that its last 5-days Average volume of 1.78 million was lower the volume of 2.16 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 43.06% While, its Average True Range was 0.50.

Raw Stochastic average of Upwork Inc (UPWK) in the period of the previous 100 days is set at 18.56%, which indicates a major fall in contrast to 45.52% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 49.83% that was higher than 43.55% volatility it exhibited in the past 100-days period.